Post Utme Economics Questions
Question 356:
One feature of GDP is that it measures:
- A Foreign population movement
- B Political campaign spending
- C Domestic production activities
- D International weather changes
Question 357:
Total product reaches maximum when:
- A Marginal product becomes zero
- B Marginal revenue becomes zero
- C Average cost becomes minimum
- D Total revenue becomes negative
Question 358:
Which approach measures national income through spending?
- A Climatic estimation method
- B Production restriction method
- C Demographic analysis method
- D Expenditure approach method
Question 359:
National income accounting helps to:
- A Determine election winners
- B Measure military strength
- C Predict natural disasters
- D Compare living standards
Question 360:
Marginal revenue curve under monopoly:
- A Remains perfectly horizontal
- B Falls faster than AR
- C Lies above average revenue
- D Equals market price always