The per capita income is calculated as
GNP - working age population
GNP - real national income
GNP - total capital expenditure
GNP - dependency ratio
GNP - population
Correct answer is E
No explanation has been provided for this answer.
The theory of income determination is traced to
Rev Thomas Mathus
Lord John Mynard Keynes
Prof Adam Smith
R G Lipsey
Prof Umar SI
Correct answer is B
No explanation has been provided for this answer.
N10
N20
N30
N40
N50
Correct answer is A
Money cost is the cost of acquiring a product or service in available cash. N10 is the money cost.
Which of the following is NOT an internal dis-economy of scales?
Easy management and less administrative cost
Large firm suffers from bureaucracy or red tapism
Less personal relationship between management and employees
Motivation may be lacking in the large firm
Slow response to changes
Correct answer is A
No explanation has been provided for this answer.
Using functional relationship in economics QX = f (px, po, y, T); po stand for
Level of income of the consumer
Price of x
Price of other commodities
Production function of x
Price index
Correct answer is C
No explanation has been provided for this answer.