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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
4561

Which of the following is the resultant effect of a fall in the profit margin of producers in an economy?

  • A. Unemployment will fall
  • B. Unemployment will remain constant
  • C. Unemployment will increase
  • D. Unemployment will fluctuate
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4562

Indicator of underdevelopment is

  • A. high life expectancy
  • B. low birth rate
  • C. low population growth rate
  • D. low per capita income
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4563

The decision to consume more of one product under normal circumstances will apply

  • A. less of another product will be consumed
  • B. more of another product will be consumed
  • C. less of the product will be consumed
  • D. no other products will be consumed
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4564

Identify one of the following which can NOT be used to close deflationary gap

  • A. Increased interest rate
  • B. Increased money supply
  • C. Increase government expenditure
  • D. Reduction in taxes
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4565

An increase in nominal income without increase in price will result to

  • A. increased real income
  • B. increased GDP
  • C. decreased real income
  • D. decreased GNP
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts