Post Utme Economics Questions
Question 371:
National income calculation avoids:
- A Export measurement fully
- B Double counting problem
- C Population estimation methods
- D Government spending analysis
Question 372:
Which component belongs to expenditure method?
- A Household transfer payment
- B Family welfare allowance
- C Used goods resale
- D Net export calculation
Question 373:
One major problem of measuring national income is:
- A Excess industrial growth
- B High population density
- C Poor statistical records
- D Increase in export trade
Question 374:
Perfectly inelastic demand means:
- A Quantity demanded does not change at all
- B Price remains permanently fixed
- C Supply responds immediately
- D Quantity demanded changes infinitely
Question 375:
Which approach adds all production values?
- A Population approach
- B Expenditure approach
- C Census approach
- D Output approach method