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Economics Past Questions and Answers

Economics Questions

Question 2041:
A deficit balance of payments is measured by subtracting the debits from the credits in the
  • A Current account
  • B Current and capital accounts
  • C Current and escrow accounts
  • D Capital and escrow accounts
View Answer & Explanation
Question 2042:
One of the functions of ECOWAS is to
  • A Provide funds for infrastructural development
  • B Determine prices of exports
  • C Redistribute income among citizens
  • D Provide employment for citizens of member nations
View Answer & Explanation
Question 2043:
The reward on machinery and equipment in the process of production is known as
  • A Profit
  • B Interest
  • C Rent
  • D Wages
View Answer & Explanation
Question 2044:
The percentage contribution of Agricultural sector is
  • A 67.5
  • B 40.0
  • C 32.4
  • D 25.0
View Answer & Explanation
Question 2045:
If the GDP is N60 billion, what is the difference between the contributions of oil and manufacturing sectors?
  • A N11.7 billion
  • B N13.3 billion
  • C N21.7 billion
  • D N26.6 billion
View Answer & Explanation