Question 1 of 20 4,545 total questions
If total Income is N15m and total consumption Is N3m. then the average propensity to consume is
A change in National Income brought about by a given change in investment Is
A APC
B APS
C MPC
D MPS
E The multiplier
Which of these is NOT a bottle neck In the distribution of goods In Nigeria?
A Adequate transportation network
B Inadequate credit facilities
C Inadequate storage facilities
D poor processing and packaging
E Unnecessary hoarding
Agricultural production in Nigeria could be improved through
A control of plant diseases
B Land Fragmentation
C Payment of excise duty
D the introduction of low yielding crops
E the use of traditional implements
The difference between bar charts and histograms is that the former
A are difference between bars adjoined to each other while the latter are separate bars divided Into sections
B are line graphs while the latter are rectangular bars
C are separate bars divided Into sections while the latter are line graphs
D has bars adjoined to each other while the latter has separate bars
E has bars separate from each other while the latter has bars adjoined to each other
The following are advantages of standard deviation EXCEPT that it
A has greater practical utility In sampling
B is a good measure of dispersion since all the values are used in its calculation
C is important and useful in the analysis of T- Test
D is not a sound mathematical index
E is the most popular measure of dispersion in distribution
Find the arithmetic mean of the following set of scores 12, 4, 2, 8, and 14
In a solo proprietorship, decisions are made by the
A board of directors
B government
C management
D owner
E shareholders
The difference between Gross National Income and Gross Domestic Product is known as
A capital consumption
B debt repayments
C Investment abroad
D net income from abroad
E net saving
At the point where total utility begins to decline MU is
A constant
B decreasing
C increasing
D negative
E zero
Unemployment resulting from physical or mental deficiency is known as……………unemployment.
A cyclical
B disguised
C Frictional
D residual
E Voluntary
Population density refers to
A total population
B the total population divided by the total area of land
C the total area of land divided by the total population
D the population ratio of male and female
E optimum Population level
A tax system in which the rich pay a higher percentage of income as tax than the poor is known as
A capital gains tax
B progressive taxation
C proportional taxation
D regressive taxation
E sales tax
Which of the following is an advantage of free enterprise economy?
A Allocates resources better
B Avoids extreme Inequality of income
C Full employment
D It is very competent In providing vital social services
E No need of employing a host of officials to allocate resources
If the Income flow of a country exceeds the expenditure flow in international transactions, the balance of payment is
A balanced
B deficit
C restricted
D surplus
Which of the following is NOT an advantage of localization of industry?
A Availability of social amenities
B Development of subsidiary industries
C Highly organized markets
D supply of skilled labour
E traffic De-congestion
ECA means
A Economic Commission for Africa
B Economic Community of Africa
C Exporting Countries of Africa
D Economic Conference on Africa
Which of the following are examples of transfer payments?
A gifts and donations
B rents and rates
C profits and dividends
D internal and external debts
Which of the following countries export cocoa?
A Liberia and The Gambia
B Ghana and Sierra Leone
C Nigeria and Ghana
D Sierra Leone and Nigeria
A summary of all the receipts and payments of a country in international transaction is called
A terms of trade
B balance of payment
C balance of payment adjustment
D capital account
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