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Government can curb inflation by_________
The standard of living in two countries can be compared using the___________
Use this data below to answer the question
The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad = $250
Depreciation = $700
Indirect taxes = $120
What is the country's Net National Product (NNP) at factor cost?
Use this data below to answer the question
The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad = $250
Depreciation = $700
Indirect taxes = $120
What is the country's Gross National (GNP)?
Which of the following is not an argument for the policy of privatization in West Africa?
Non-economic factors that influence the location of firms include ________
The supply of land for agricultural purpose can be increased through _______
The age distribution of a country's population is shown below. Use the information is answer the question below.
| Age group (YEARS) | Population |
| 0 - 15 16 - 40 41 - 60 Over 60 |
30% 45% 15% 10% |
What is the dependency ratio?
The age distribution of a country's population is shown below. Use the information is answer the question below.
| Age group (YEARS) | Population |
| 0 - 15 16 - 40 41 - 60 Over 60 |
30% 45% 15% 10% |
What is the percentage of the working population?
Two factors which can improve the efficiency of labour are_________
By passing the middlemen in the chain of distribution can lead to _________
Separation of ownership of resources and their control is mostly found in a __________
A major source of finance to the Railway Corporation in West African countries is_______
The relationship between the marginal revenue (MR) and the average revenue(AR) of a monopolist is that the marginal revenue curve____
A firm incurred the following costs in production. Use the information in the table to answer the question below.
| Output (bags of rice |
0 | 10 | 20 | 30 | 40 | 50 | 60 |
| Total Cost ($) | 100 | 200 | 300 | 380 | 440 | 520 | 600 |
The average cost of producing 40 bags of rice is_____
A firm incurred the following costs in production. Use the information in the table to answer the question below.
| Output (bags of rice |
0 | 10 | 20 | 30 | 40 | 50 | 60 |
| Total Cost ($) | 100 | 200 | 300 | 380 | 440 | 520 | 600 |
The fixed cost of production is___________
The law of diminishing returns is applicable to the__________
The output of an extra unit of an input is referred to as________
The supply of mangoes is represented as P=0.3Q, where P is the price ($) and Q is the quantity. What is P when Q is 50?
When market supply increases , the equilibrium price_________