Economics Practice Tests – Basic Tools for Economic Analysis


Hello and Welcome to Economics Practice Tests – Basic Tools for Economic Analysis

  1. You are to attempt 5 random objectives questions ONLY.
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  3. You can attempt as many times as possible
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Use the pie chart below to answer the question. 


If the budget of the country was $ 7,200.00, how much is allocated to Education? 

A. $ 2,400.00       B. $ 2,000.00       C. $ 1,200.00         D. $ 1,000.00


Charts in which pictures or drawings of objects are used to represent items in a given data are known as ______

A. Multiple bar charts     B. Component bar charts     C. Multiple pie charts     D. Pictograms


The type of bar chart used when the data involved are of two variables is known as _____ 

A. Multiple bar charts      B. Component bar charts     C. Multiple pie charts     D. Pictograms


Calculate the arithmetic mean of the following data: 20, 10, 18, 5, 15, 35

A. 17      B. 15      C. 17.2      D. 15.2


The data in the table below represents the population of a school in a week.  

What percentage of the population is represented on Tuesday?

A. 20.1%    B. 22.3%   C. 21.4%    D. 17.4%


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