Correct Answer: D. occupational distribution of population

Correct Answer: B. supply schedule

Correct Answer: C. they are not generally acceptable as a medium of exchange

Correct Answer: B. favours debtors at the expense of creditors

Correct Answer: D. indidviduals , firms and government

Correct Answer: D. optimum population

Explanation

(i) Population census helps the government to know the number of people living in the country and the structure of the population.

(ii) It also helps in the determination of taxable adults, i.e. — revenue estimates.

(iii) It enables the country to forecast her future economic needs. It provides government with statistics to determine the level of unemployment, illiteracy and adequacy of social amenities.

(v) It assists in the determination of the standard of living of the people in a country.

(vi) It also assists the government in the formulation of economic policies.

(vii) It reveals information on the number of immigrants and the density of population.

(viii) It assists the government in the distribution of resources and revenue allocation within the economy.

(ix) It assists the international agencies and government in giving aids and other assistance to countries.

(x) It assists international investors in making investment decisions.

(xi) It helps in allocation of parliamentary seats in a country.

Correct Answer: C. tastes and fashion

Explanation

(a) Consumer goods are goods produced for the direct satisfaction of the wants of an individual.

(b)) Fixed capital: These are long-term assets of a firm that are very durable and are not used up in the course of production. they do not change their form as well, e.g. land, Buildings., Machinery, equipment tools, motor vehicles, etc.

i. Social capital:-This refers to capital that is collectively owned by society but is provided by the government. It is also called social infrastructure, e.g. roads, electricity, hospitals, schools, Water rail system, etc

ii. Circulating capital: This form of capital changes its form and is used up in the production process, e.g.stock of partly-finished goods, fuel, raw materials money for paying wages and salaries, etc.

(c) i. The income level is generally low and so most people cannot afford to save.

ii. The dependency ratio is high because the Working group is smaller compared to the youth and the aged.

iii. Most people have the tendency to consume rather than to save, engaging in prestigious but non-productive ventures, e.g. funerals, parties, weddings, etc

iv. There is little incentive to save since the interest rate on savings is low and also most institutions finally wind up, taking along customers savings with them.

v. The cost of living is high because prices of goods and services keep rising People are therefore left with nothing to save.

vi. The demand by banks is sometimes cumbersome because large initial deposits are required and other information that clients cannot provide.

vii Government tax policy; if the tax is high it reduces disposable income and makes savings low.

viii High levels of unemployment

ix. Inadequate financial institutions, especially in the rural area to mobilize savings.

Correct Answer: C. an inequitable distribution of income