100
200
240
300
Correct answer is B
Price index is gotten by diving the current market price by the base year price. Hence we have;
Price index = 240/120
x 100 = 200
N0.5m
N1.5m
N2.6m
N8.0m
Correct answer is A
MPC is a proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it.
Investment expenditure = 2,000,000
MPC = 0.75
0.75 x 2,000,000 = 1,500,000
change in income = 2,000,000 - 1,500,000 = 500,000
The investment expenditure of an economy changes by N2 million and MPC is 0.75 The multiplier is
8
4
3
2
Correct answer is B
The Multiplier is calculated as ( 1 divided by 1 minus the MPC. That is;
Multiplier = 1 ÷ (1 - 0.75) = 0.25
1 ÷ 0.25 = 4
Net National Product is derived by deducting
Net exports from GNP
Subsidies from GDP
Taxes from GDP
Depreciation from GNP
Correct answer is D
Net national product is gotten by adding;
The market value of all finished goods + the market value of all finished services - the depreciation of those goods and services = net national product.
A discriminatory monopoly is characterized by
A common elasticity in different markets
Different elasticities in different markets
A finite elasticity in all markets
Zero elasticity in all markets
Correct answer is A
No explanation has been provided for this answer.