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Question 2 Report
Find the arithmetic mean of the following set of scores 12, 4, 2, 8, and 14
Question 3 Report
The creation of physical and concrete goods that can be seen and handled Is
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Question 4 Report
Which of the following is NOT an advantage of localization of industry?
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Question 5 Report
Goods that are useful, scarce and can command price are called …………. goods.
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Question 6 Report
The following are bye-products of crude oil EXCEPT
Question 7 Report
A deliberate government policy to exclude foreign participation in certain economic activity is known as
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Question 8 Report
Which of these is NOT a bottle neck In the distribution of goods In Nigeria?
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Question 14 Report
A tax system in which the income earner pays a fixed percentage of his income annually is known as …………. tax.
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Question 16 Report
Which of the following is NOT a contribution of agriculture to industrial development?
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Question 17 Report
The solution to problem of how to produce in a capitalist economy is solved by
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Question 23 Report
A comprehensive statement of Income and expenditure on international accounts for one financial year is called
Question 24 Report
The following methods are used in calculation of National Income EXCEPT
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Question 25 Report
The difference between Gross National Income and Gross Domestic Product is known as
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Question 26 Report
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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Question 27 Report
The difference between bar charts and histograms is that the former
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Question 29 Report
Which of the following is NOT a feature of land?
Question 33 Report
The first oil refinery in Nigeria was established at
Question 34 Report
A change in National Income brought about by a given change in investment Is
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Question 36 Report
If total Income is N15m and total consumption Is N3m. then the average propensity to consume is
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Question 37 Report
Unemployment resulting from physical or mental deficiency is known as……………unemployment.
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Question 41 Report
If the Income flow of a country exceeds the expenditure flow in international transactions, the balance of payment is
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Question 42 Report
Standard deviation can be determined by the square root of the
Question 43 Report
Which of the following is an advantage of free enterprise economy?
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Question 44 Report
The Industrial strategy of producing locally those goods that could have been imported is known as
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Question 46 Report
The African Development Bank was set up in 1964 and has its headquarters in
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