Post Utme Economics Questions
Question 346:
National income can be calculated using:
- A Income expenditure and output methods
- B Export and rainfall methods
- C Population and trade methods
- D Climatic and political methods
Question 347:
Which of the following is part of GNP?
- A Illegal foreign transactions
- B Used commodity resale
- C Citizen income earned abroad
- D Household transfer payments
Question 348:
One component of national income is:
- A Electoral expenses
- B Rainfall distribution
- C Wages and salaries
- D Population density
Question 349:
National income estimates help government to:
- A Organize sporting events
- B Determine weather conditions
- C Control population growth
- D Plan economic policies
Question 350:
When marginal cost is falling:
- A Revenue becomes fixed
- B Marginal product is negative
- C Marginal product is rising
- D Total product is falling