Economics Past Questions and Answers

Account for the decline in the contribution of agriculture to the Gross Domestic Product (GDP) of Nigeria. <br/>

(a) What is Labour Force?<br/>(b) Explain four factors affecting the size of the labour force.

State any five reasons why the use of money has replaced the barter system in modern economic transaction.

Describe any five functions of the Central Bank of Nigeria (CBN).

Why does a country restrict her international trade?