Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 4961:

One cause of structural unemployment is:

SchoolNGR Classroom

A Increase in birth rates
B Improvement in agriculture
C Decline in migration flows
D Technological advancement changes

View Answer & Explanation

Question 4962:

One major use of national income data is:

SchoolNGR Classroom

A Climate change prediction
B Measuring sports performance
C Political campaign planning
D Economic policy formulation

View Answer & Explanation

Question 4963:

One advantage of national income statistics is:

SchoolNGR Classroom

A International economic comparison
B Elimination of unemployment
C Increase in exports automatically
D Prevention of inflation fully

View Answer & Explanation

Question 4964:

Which of the following best explains GDP?

SchoolNGR Classroom

A Foreign exchange market size
B Government export earnings only
C Population income distribution
D Value of domestic final output

View Answer & Explanation

Question 4965:

Price falls from ₦50 to ₦40 while quantity demanded rises from 40 units to 80 units. Calculate elasticity of demand:

SchoolNGR Classroom

B 0.5
C 5
D 1

View Answer & Explanation

Stay Updated

Follow us on:

Subjects