The dependency ratio of a country is the
The children and aged who rely on the active population for support
People who are cared for by their extended families
Total active population who depend on government for survival
Number of children who depend on their parents for survival
Correct answer is A
The dependency ratio of a country is the children and aged who rely on the active population for support.
The dependency ratio is a measure of the number of people who are not of working age (children and the elderly) compared to the number of people who are of working age (15-64 years old). A high dependency ratio means that there are a lot of people who are not of working age, which can put a strain on the economy. A low dependency ratio means that there are a lot of people of working age, which can be a sign of a healthy economy.
A fall in the price of a normal commodity which has elastic demand will result in
A fall in demand
A fall in quantity demanded
An increase in revenue
A decrease in revenue
Correct answer is C
A fall in the price of a normal commodity which has elastic demand will result in an increase in revenue. This is because elastic demand means that consumers are very responsive to changes in price. When the price falls, consumers will buy more of the commodity, which will increase the total revenue.
An example of government's recurrent expenditure is
Electrification projects in rural areas
The cost of building a school
Purchase of new vehicles
Paying salaries of workers
Correct answer is D
The cost of paying salaries of workers is an example of government's recurrent expenditure. Recurrent expenditure is a type of government spending that is necessary to keep the government running on a day-to-day basis. It includes costs such as salaries, benefits, and pensions for government employees, as well as the cost of operating government buildings and facilities.
An indication that there is inflation in a country is that
There is a decrease in the demand for goods and services
There are too many goods in circulation
The same amount of money buys lower quantity of goods
People prefer to lend than to borrow
Correct answer is C
An indication that there is inflation in a country is that the same amount of money buys lower quantity of goods. Inflation is a general increase in prices and a decrease in the purchasing value of money. This means that the same amount of money can buy fewer goods and services.
When job vacancies are publicized, the government is mainly trying to solve the problem of
Residual unemployment
Cyclical unemployment
Technological unemployment
Frictional unemployment
Correct answer is D
The government is mainly trying to solve the problem of frictional unemployment when job vacancies are publicized.
Frictional unemployment is the unemployment that occurs when people are between jobs. This can happen when people are changing jobs, when they are new to the labor market, or when they are re-entering the labor market after a period of unemployment.
Publicizing job vacancies can help to reduce frictional unemployment by making it easier for people to find jobs. This is because it increases the visibility of job opportunities and makes it easier for people to match their skills and experience with the needs of employers.
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