Post Utme Economics Past Questions and Answers

Question 741:

Unemployment involving a mismatch of the skills of unemployed workers and the skills required for available jobs is called ____________

A. Frictional unemployment
B. Structural unemployment
C. Cyclical unemployment
D. Compositional unemployment

Question 742:

The greater is the marginal propensity to consume, the ____________

A. Smaller is the marginal propensity to save
B. Higher is the interest rate
C. Lower is the average propensity to consume
D. Jower is the price level.

Question 743:

Investment and saving are respectively ____________

A. Income and wealth
B. Stocks and flows
C. Injections and leakages
D. Leakages and injections.

Question 744:

The amount by which government expenditures exceed revenues during a particular year is the ____________

A. Public debt.
B. Budget deficit
C. Full-employment
D. GDP gap

Question 745:

The value of money varies ____________

A. Inversely with the price level
B. Directly with the volume of employment
C. Directly with the price level
D. Directly with the interest rate