Using Expenditure Approach to estimate National Income, Y is equal to
C + l + G + X – M + P - V
C + l + G + X – M + P
C + l + G – X + P
C – 1 + G + X – M + P
C + l – G + X – M – P
Correct answer is D
No explanation has been provided for this answer.
These are the objectives of industrial strategies in Nigeria EXCEPT
Industrial financing
Maximization of local value added
Promotion of export oriented industries
Promotion of import oriented industries
Provision of economic and social infrastructures
Correct answer is B
No explanation has been provided for this answer.
The first National development plan period was from
1955-1959
1962-1968
1965-1970
1970-1974
1975-1980
Correct answer is B
No explanation has been provided for this answer.
The correct relationship between income (Y), consumption (C) and savings (S) is
C = Y + S
S = Y + C
S = Y + S
Y = C + S
Y = C – S
Correct answer is D
No explanation has been provided for this answer.
The International Monetary Fund (IMF) was set up mainly to
Cater for financial needs of developed countries
Create conditions favourable for the growth of world trade
Create favourable balance of payment
Develop domestic trade
Offset foreign debts only
Correct answer is B
No explanation has been provided for this answer.