Post Utme Economics Past Questions and Answers

Question 511:

When we are interested in accessing the overall performance of the economy over time, we look at ____________

A. GPN
B. NNP
C. NI
D. DI

Question 512:

Consumer spending depends mainly on ____________

A. Investment
B. Government spending
C. Disposable income
D. Firms

Question 513:

In the consumption function C = a + b Yd autonomous consumption is given by ____________

A. Y
B. C
C. A
D. B

Question 514:

Which of the following is out place ____________

A. Inflation
B. Unemployment
C. Recession
D. Boom

Question 515:

The addition to total cost due to the production of an additional unit of a commodity is called ____________

A. Total variable cost
B. Average cost
C. Average fixed cost
D. Marginal cost