Economics Past QuestionsQuestion 341:From the table above, Calculate the price elasticity of supply A. 0.50 B. 0.80 C. 2.00 D. 1.25 Question 342:From the graph above, the consumer will attain equilibrium at point A. J B. K C. L D. M Question 343:The major determinant of the total volume of output in an economy is the A. Level of total expenditure B. Composition of consumer spending C. Number of farmers D. Size of the labour force Question 344:The labour force of a country is determined by the A. Age structure of the population B. Geographical distribution of the population C. Sex distribution of the population D. Number of people available for work Question 345:What is the percentage contribution of services to the national income? A. 15% B. 10% C. 54% D. 24% |
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