Post Utme Economics Questions
Question 351:
If output increases while fixed cost remains unchanged:
- A AFC rises continuously
- B AFC continues falling
- C AVC becomes negative
- D Total revenue declines
Question 352:
One importance of GDP statistics is:
- A Measuring population fertility
- B Estimating election outcomes
- C Monitoring economic growth trends
- D Predicting climatic conditions
Question 353:
GDP can be used to determine:
- A Weather forecasting pattern
- B Level of economic growth
- C Population migration rate
- D Election voting strength
Question 354:
National income figures help investors to:
- A Measure election turnout
- B Determine military strength
- C Predict rainfall patterns
- D Assess economic conditions
Question 355:
GDP is usually measured over:
- A One calendar week
- B Ten consecutive years
- C One accounting year
- D Five trading days