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Frage 1 Bericht
If total Income is N15m and total consumption Is N3m. then the average propensity to consume is
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Frage 5 Bericht
The difference between Gross National Income and Gross Domestic Product is known as
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Frage 6 Bericht
The first oil refinery in Nigeria was established at
Frage 7 Bericht
Standard deviation can be determined by the square root of the
Frage 9 Bericht
A tax system in which the rich pay a higher percentage of income as tax than the poor is known as
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Frage 14 Bericht
If the Income flow of a country exceeds the expenditure flow in international transactions, the balance of payment is
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Frage 15 Bericht
Find the arithmetic mean of the following set of scores 12, 4, 2, 8, and 14
Frage 16 Bericht
Which of the following is NOT a feature of land?
Frage 17 Bericht
A tax system in which the income earner pays a fixed percentage of his income annually is known as …………. tax.
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Frage 20 Bericht
The African Development Bank was set up in 1964 and has its headquarters in
Frage 21 Bericht
Goods that are useful, scarce and can command price are called …………. goods.
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Frage 24 Bericht
A comprehensive statement of Income and expenditure on international accounts for one financial year is called
Frage 25 Bericht
The solution to problem of how to produce in a capitalist economy is solved by
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Frage 27 Bericht
A deliberate government policy to exclude foreign participation in certain economic activity is known as
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Frage 28 Bericht
The Industrial strategy of producing locally those goods that could have been imported is known as
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Frage 32 Bericht
The creation of physical and concrete goods that can be seen and handled Is
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Frage 35 Bericht
The following methods are used in calculation of National Income EXCEPT
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Frage 37 Bericht
The following are bye-products of crude oil EXCEPT
Frage 38 Bericht
Which of the following is NOT a contribution of agriculture to industrial development?
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Frage 39 Bericht
Unemployment resulting from physical or mental deficiency is known as……………unemployment.
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Frage 40 Bericht
Which of these is NOT a bottle neck In the distribution of goods In Nigeria?
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Frage 42 Bericht
A change in National Income brought about by a given change in investment Is
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Frage 43 Bericht
Which of the following is NOT an advantage of localization of industry?
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