economics

If an economy grows at an annual rate of 5% of which 3% is deemed to be due to improvement in the productivity of labour and capital combined the remaining 2% is generally attributed to?

A. the size of population B. technical progress C. the environment D. the amount of natural resources Correct Answer: Option…

5 years ago

Which of the following combinations is a veritable set of development indicators?

A. Growth of government expenditure and imports B. Growth of population and national income C. High fertility, literacy and school…

5 years ago

In national income accounting, aggregate saving in any year is defined as?

A. all disposable income not spent on consumption B. all savings deposits in all banks during the year C. all…

5 years ago

An account from which allocations are made to the three tier of government in Nigeria is called the?

A. National Income Account B. Public Sector C. Federation account D. National Revenue Mobilization Account Correct Answer: Option C -…

5 years ago

The objective of public finance is to promote?

A. full employment, national income and price stability B. government revenue drive and expenditure to as high a level as…

5 years ago

Which of the following is NOT directly concerned with dealings in treasury bills?

A. The stock exchange B. The Central bank C. Commercial banks D. Discount houses Correct Answer: Option D - Discount…

5 years ago

Because most of her crude oil is exported, the foreign exchange earnings and the forward linkage effects Nigeria realize from her oil production are?

A. both high B. respectively high and low C. respectively low and high D. both low Correct Answer: Option B…

5 years ago

A significant effect of the growth of the oil sector in Nigeria has been to?

A. increase the rate of unemployment B. diminish the percentage contribution of the agricultural sector to GNP C. slow down…

5 years ago

The consumer-goods industry is predominant in the industrial sector of the Nigerian economy because of the?

A. availability of market and most of the raw materials required B. availability of the necessary machinery required C. experience…

5 years ago

Firms are often set up close to each other in order to take advantage of?

A. supply or skilled labour B. agglomeration economies C. internal economies of scale D. external economies of scale Correct Answer:…

5 years ago