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Which one of the following measures the natural growth rate of population?
Multiplier can be described as
Which of the following shows why individual demand curve for a good usually slopes downward from left to right?
Agriculture accounts for about 60% of the
When a kilogram of carrot is #8.00, 20 kilograms are demanded and when the price decreased to #6.000 per kilogram, 30 kilograms are demanded. The elasticity of demand equals to
Calculate the equilibrium level of national income (Y) where Y = C + I + G; C = 100 + 0.75Y; I = 50; G = 200
From the graph above, the consumer is at equilibrium at point
All of the following describes conditions necessary for existence of a perfect market EXCEPT
If the supply curve of labour market is given as S = 4L + 8. What is L when s = 20?
The quantity of commodity a consumer is willing and able to buy at a particular time is called
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?