A. savings over time B. investment over time C. population over time D. output over time Correct Answer: Option D…
A. gross national product B. per capital income C. real national income D. real per capital income Correct Answer: Option…
A. N2000 B. N18 000 C. N12 000 D. N8 000 Correct Answer: Option D = N8 000
A. profit tax B. sales tax C. capital gain tax D. poll tax Correct Answer: Option B - sales tax…
A. budget B. fiscal policy C. revenue allocation D. monetary policy Correct Answer: Option B - fiscal policy Explanation Fiscal…
A. control inflation B. bridge the deflationary gap C. expand the output level D. deregulate the economy Correct Answer: Option…
A. increasing cost of production B. the appreciation of the naira C. decreasing cost of production D. high capacity utilization…
A. money supply B. general price level C. velocity of money D. interest rate Correct Answer: Option B - general…
A. taxes B. pensions C. imports D. exports Correct Answer: Option D - exports Explanation In the circular flow of…
A. final output B. factor cost C. value-added D. profits earned Correct Answer: Option C - value-added Explanation The output…