Economics Past Questions and Answers

Given that B: Births; \(X=\) Emigrants;
\(D=\) Deaths; \(M=\) lmmigrants. The population of a country over a period of time will rise if ____________

Which of the following statements best describes the relationship between average product and marginal product?

The shape of a production possibility frontiers is determined by the ____________

In a small scale business, the fixed cost is \(N 5,000.00\). variable costs is \(\mathrm{N} 15,000.00\) and the output is 500 units. What will be the unit cost of the goods?

If the labour force in a given community is 2,000,000. the wage employment 200,000 and the unemployed are \(80.000\), what is the unemployment rate in the community?