Economics Past QuestionsQuestion 4451:Which of the following is NOT an advantage of tabular presentation of data? A. Enables easy location of required figures B. Helps to calculate derived quantities C. Makes for easy comparison of figures D. Occupies more space than mathematical equation E. Shows whether the figures are increasing or decreasing Question 4452:Which of the following is NOT an advantage of tabular presentation of data? A. Enables easy location of required figures B. Helps to calculate derived quantities C. Makes for easy comparison of figures D. Occupies more space than mathematical equation E. Shows whether the figures are increasing or decreasing Question 4453:Average total cost can be expressed as ____________ A. Average fixed cost plus average variable cost B. Change in total cost divided by change in output C. Total fixed cost divided by total output D. Total fixed cost plus total variable cost E. Total variable cost divided by total output Question 4454:The mean of the following scores 30, 32, 34, 36, 38, 40 and 42 What is the mean deviation? A. 4.21 B. 3.24 C. 3.42 D. 4.54 Question 4455:The value of money is affected by ____________ A. Consumer’s income B. Effective demand C. Effective supply D. Equilibrium price E. General price level |
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