300 prompts matching "Calculating the average and marginal propensities to consume"
Quiz: Calculating the mean, median and mode of a set of economic data
I am revising Basic Tools of Economic Analysis for SS1 Economics. Test me on calculating t
Spot my mistake: The four groups of decision makers in an economy — consumers, workers, firms and government —
Give me a wrong or muddled explanation of the four groups of decision makers in an economy
Quiz: Analyse, using a diagram, how a rise in consumer demand reallocates resources towards a good
I am revising The Market Economic System for SS1 Economics. Test me on analyse, using a di
Spot my mistake: The consequences of a price change for consumers, producers and workers in that market
Write a short SS1 Economics answer about the consequences of a price change for consumers,
Spot my mistake: The meaning of consumer surplus and producer surplus
Give me a wrong or muddled explanation of the meaning of consumer surplus and producer sur
Spot my mistake: Calculating natural increase and the rate of population growth from supplied vital statistics
Write a short SS1 Economics answer about calculating natural increase and the rate of popu
Spot my mistake: Calculating sector angles and construct a pie chart from a given set of data
Show me a worked example on calculating sector angles and construct a pie chart from a giv
WAEC prep: Calculating the mean, median and mode of ten price observations
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on calcul
Spot my mistake: The classification of twelve items by factor; ten correct is the pass standard
Show me a worked example on the classification of twelve items by factor; ten correct is t
Let me explain: The private sector and the public sector compared
I am going to explain the private sector and the public sector compared to you, as an SS1
Real-life Nigeria: Ten firms and organisations in their own town
Take ten firms and organisations in their own town out of the textbook. Describe a real Ni
Let me explain: Two advantages and two disadvantages of leaving allocation to the market
Let me talk you through two advantages and two disadvantages of leaving allocation to the
Teach me: Drawing demand and supply on one pair of axes to scale and read off the equilibrium
Be my SS1 Economics teacher for this one point: drawing demand and supply on one pair of a
Let me explain: Disequilibrium and the process by which price returns to equilibrium
Act as my study partner. I will teach you disequilibrium and the process by which price re
Spot my mistake: The relationship between PED and total revenue using a worked revenue table
Give me a wrong or muddled explanation of the relationship between PED and total revenue u
Spot my mistake: The determinants of PES, including time period, stocks, spare capacity and factor mobility
Show me a worked example on the determinants of PES, including time period, stocks, spare
Quiz: Using elasticity to judge how large the price and quantity effects of a given shift will be
Set me a quick recall test on using elasticity to judge how large the price and quantity e
Project task: Map the knock-on effects of a diesel price rise on the bakery, cold-store and haulage markets
Set me a small project on map the knock-on effects of a diesel price rise on the bakery, c
Spot my mistake: The mixed economic system and the balance struck between the private and public sectors
Show me a worked example on the mixed economic system and the balance struck between the p
Teach me: The government's roles as producer, employer, regulator and redistributor
You are my personal SS1 Economics tutor. Teach me the government's roles as producer, empl