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Economics 2002 NECO Past Questions

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36
In a two-sector economy, income is a function of
  • A. consumption + investment
  • B. consumption + investment + tax
  • C. consumption + investment + expenditure
  • D. consumption + exports + imports
  • E. saving + investment
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37
Which of these is a necessary condition for trade by barter?
  • A. double coincidence of wants
  • B. double exchange rate
  • C. durability of goods
  • D. divisibility of commodities
  • E. homogeneity of goods
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38
The following are reward for factors of production EXCEPT
  • A. interests
  • B. profit
  • C. Rent and commissions
  • D. rates and deposits
  • E. wage and salaries
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39
Disposable income in national income accounting is an income which
  • A. cannot be used again
  • B. is available for consumption and saving
  • C. is a available to disabled people
  • D. must be wasted once and for all
  • E. pensioners receive from the treasury board
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40
One of the function of united nation conference on trade and development (UNTAD) is to
  • A. carry out feasibility study for projects in less developed countries
  • B. increase impact of developed countries over less developed countries
  • C. increase share of less developed countries in world trade
  • D. make goods available in developed countries
  • E. transfer technology from developed to less developed countries
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