Post Utme Economics Past Questions and Answers

Question 221:

Structural unemployment is mainly caused by ____________

A. Seasonal variations
B. Changes in production techniques
C. Changes in the demand pattern of an economy
D. Shortage of information about job opportunities

Question 222:

The total money values of all goods and services produced in a country during a certain period is measured by using the ____________

A. Income method
B. Expenditure method
C. Output method
D. Factor method

Question 223:

The loans from the World Bank to developing countries are mainly to support ____________

A. The establishment of more universities
B. Capital-intensive technology
C. Their low level of consumption
D. Infrastructural investments

Question 224:

Fiscal policy is the government's plan to control aggregate demand by manipulating ____________

A. Revenue and expenditure
B. The demand and supply of money
C. Tastes and preferences of consumers
D. The structure of production and employment

Question 225:

A commodity will be demanded only if ____________

A. Consumers' income increases
B. It has no close substitutes
C. The price is low
D. It has utility