It is important to measure the National Income of a country because
It is a major determinant of the standard of living
It reveals hazards of development like pollution and congestion
It reveals the distribution of the citizen's savings in foreign banks
Its size determines the extent of political stability
Correct answer is A
No explanation has been provided for this answer.
The age distribution of a country's population is of economic importance because it affects the
Pattern of expenditure
Size of the army
Optimum size of firms
Location of industries
Correct answer is A
No explanation has been provided for this answer.
The higher the the dependency ratio the
Larger the proportion of the employed relative to the unemployed
Smaller the proportion of the active labour force relative to the inactive
Smaller the number of the non-working age groups relative to the active labour force
Lower the birth rate
Correct answer is B
No explanation has been provided for this answer.
Under flexible exchange rates, a deficit could be corrected by
Freezing the gold point
Appreciation of other currencies
Removing export subsidies
Removing tariffs
Correct answer is B
No explanation has been provided for this answer.
There is an improvement in the terms of trade of a country if
A large quantity of exports is given up to obtain a unit of imports
The volume of exports is greater than the volume of imports
A smaller quantity of exports is given up to obtain a unit of imports
The value of exports is greater than the value of imports
Correct answer is D
No explanation has been provided for this answer.