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Economics Past Questions and Answers

Economics Questions

Question 1131:
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
View Answer & Explanation
Question 1132:
If a country has a balance of payment crisis, which of the following measures can best bring about a improvement in the short run?
  • A Large-scale importation of foreign goods
  • B Investment in capital market abroad
  • C Large-scale export of locally made abroad
  • D Repayment of debt to her creditors
View Answer & Explanation
Question 1133:
When a foreigner on a visit to Nigeria pays for hotel accommodation and meals with some foreign currency,the amount paid should be recorded in Nigeria's balance of payment as an item of?
  • A Nigeria's invisible export trade
  • B Nigeria's import trade
  • C Nigeria's invisble trade
  • D Foreign capital inflow into Nigeria
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Question 1134:
The Nigerian Trust Fund is managed on behalf of Nigeria by the?
  • A World Bank
  • B International Monetary Fund
  • C African Development Bank
  • D Economic Commission for Africa
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Question 1135:
One of the gains by member states of the Economic Community of West Africa?
  • A Monocultural dependency
  • B Trade creation
  • C Trade inversion
  • D Economic independency
View Answer & Explanation