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Thursday, 02 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 4841:
National income calculation avoids:
SchoolNGR Classroom
  • A Export measurement fully
  • B Double counting problem
  • C Population estimation methods
  • D Government spending analysis
View Answer & Explanation
Question 4842:
Which component belongs to expenditure method?
SchoolNGR Classroom
  • A Household transfer payment
  • B Family welfare allowance
  • C Used goods resale
  • D Net export calculation
View Answer & Explanation
Question 4843:
One major problem of measuring national income is:
SchoolNGR Classroom
  • A Excess industrial growth
  • B High population density
  • C Poor statistical records
  • D Increase in export trade
View Answer & Explanation
Question 4844:
Perfectly inelastic demand means:
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  • A Quantity demanded does not change at all
  • B Price remains permanently fixed
  • C Supply responds immediately
  • D Quantity demanded changes infinitely
View Answer & Explanation
Question 4845:
Which approach adds all production values?
SchoolNGR Classroom
  • A Population approach
  • B Expenditure approach
  • C Census approach
  • D Output approach method
View Answer & Explanation

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