One of the goals of development plans in Nigeria is to
Increase the profitability of multinational businesses
Improve the country's GDP
Achieve higher standard of living for the citizens
Deregulate the economy
Correct answer is C
Nigeria economic development plan is aimed at creating and maintaining a strong, vibrant local economy that will improve the standard of living of its citizens. This is done by putting in place policy direction for economic growth, and identify strategies, programs, and projects to improve the economy.
An example of an expansionary fiscal policy action is
Decrease in the corporate profit tax rates
Decrease in welfare payments
Purchase of government securities
Decrease in the bank rate
Correct answer is A
Expansionary fiscal policy is when the government expands the money supply in the economy using budgetary tools to either increase spending or cut taxes—both of which provide consumers and businesses with more money to spend. Cutting down on tax rates would mean higher profits for businesses. This is done to increase the supply of money in the economy.
75 units
35 units
7 units
Not determinable from the schedules except when graphed
Correct answer is D
No explanation has been provided for this answer.
A tax on land will ultimately fall
Partly on agents and users
Entirely on users
Entirely on owners
Partly on users and owners
Correct answer is C
The seller is responsible for the maintenance of the property, any repairs and for paying property taxes and insurance, the same as any landlord.
If CBN reduces money supply, the interest rate will
Fluctuate
Rise
Fall
Remain unchanged
Correct answer is B
The interest rates will be high if CBN reduces money supply. This is done to discourage borrowing and control the flow of money in the economy. It is mostly done when there is excess money in circulation. CBN would raise the interest rates to discourage borrowing and encourage savings and investments, thereby mopping out the excess money in circulation.
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