Gross Domestic Product (GDP) at market price plus net factor income from abroad gives
Gross capital formation
Net capital formation
Disposable income
Gross national product
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a benefit derived by Nigeria from the petroleum industry?
Increased foreign exchange earning
Establishment of refineries and petrochemical industries
Employment of a greater proportion of the population
Development of airports, seaports and other social infracstructures
Correct answer is C
No explanation has been provided for this answer.
Devaluation of a currency in a country is likely to lead to
Increasing population
Increasing imports
Exports becoming cheaper
Reduced exports
Correct answer is C
No explanation has been provided for this answer.
Deficit in the balance of payment is financed through
Capital account
Current account
Invisible trade
Visible trade
Correct answer is A
No explanation has been provided for this answer.
A nation's net export is negative when her
Stock of goods is declining
Depreciation exceeds investment
Exports is adjusted upwards
Imports exceeds exports
Correct answer is D
No explanation has been provided for this answer.