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The rate of output per worker (or group of workers) per unit time is called
Economists refer to private goods as
40 men were employed in a farm, and they produced an average of 30 tonnes of cassava per person. Calculate the total product.
Suppose the public expenditure as a percentage of GDP of four countries is shown in the table below
| A | 40% |
| B | 50% |
| C | 33% |
| D | 36% |
Which type of economy exists in these countries?
Which of the following Age group belongs to active Labour force?
From the graph below, Point "E" shows--------------
A persistence rise in the prices of inputs will lead to
When a generalization is made based on observed facts, it is
The economies of West African Countries depend majorly on
Which of the following would not be a reason for a government to impose a quota on imports?
Macroeconomics focuses on the following units in an aggregative manner
If demand function for a product is Qd = 30 - 4P, and the price and quantity of products is 4 and 14 respectively. What is the price elasticity of demand for the product?
An increase in nominal income without increase in price will result to
Identify one of the following which can NOT be used to close deflationary gap
The decision to consume more of one product under normal circumstances will apply
Indicator of underdevelopment is
Which of the following is the resultant effect of a fall in the profit margin of producers in an economy?
Part-time workers who desire full-time employment are:
An increase in total production (real GDP) causes the demand for money to ______and the interest rate to _________
The type of price elasticity of demand for a commodity whose quantity demanded remain unchanged despite changes in the price is