Economics Past Questions and Answers

The quantity theory of money states that a reduction in the quantity of money in circulation would bring about

The tax levied on locally produced goods is

Petroleum has the following positive contributions to the Nigerian economy except

\(\begin{array}{c|c} \text{Capital consumption allowance} & \text{N20,000} \\ \hline \text{Gross domestic production} & \text{N60,000} \\ \hline \text{Factor payment to foreigners} & \text{N10,000} \\ \hline \text{Factor income from abroad} & \text{N15,000} \\ \end{array}\) From the above table, calculate the Gross National Product.

The market in which the operators are many and none of them can influence the price is