A Level Economics Quiz 2015 Part 2

If a nationalized industry adopts the marginal costs pricing policy for its services when its average cost is declining, it will likely

A firm which aims at growth maximization should produce at the output level where

This question is based on figure below, illustrating perfect price discrimination situation.

The triangle PAB describes

When consumers buy in the cheaper markets and sell in more expensive markets, this is known as

Firms in oligopoly are interdependent because

The following statistics relate to an automobile firm that has sold two cars. (Figures are in millions FCFA).

Cost price per car 10

Selling price per car 15

Total sales revenue 30

Cost of capital employed 12

Amount of profit per car 5

If the firm declares a rate of profit of 50% which method of measuring profit has been used?

Normal profit is

Given that the market rate of interest is 15%. What is the market price of a bond that pays 18,000 FCFA interest?

The market value of all goods and services produced by a country’s resources regardless of where the resources are located is

Where are adjustments made for financial services in the output method of measuring national income?

This question is based on the table below, which shows information about a country in 2008 and
2009

The real GDP per capita in 2009 is

Which of the following will most likely be included in the measurement of Gross Domestic Product?

If the MPC in a particular economy is 0.5 and the government increases its expenditure by 1,000 million FCFA, by how much will national income increase?

If C=1,500 million FCFA +0,8Y (where C= consumption and Y= income) and intended
investment is 500 million FCFA, then the equilibrium level of national income is

Which of the following statements concerning the circular flow of income is true?