The petroleum industry in Nigeria is an example of a
Capital-intensive industry
Service industry
Labour-intensive industry
Tertiary production industry
Localized industry
Correct answer is A
No explanation has been provided for this answer.
Net National Product (NNP) is equal to the
Gross Domestic Product (GDP) less depreciation
Gross National Products (GNP) less depreciation
Gross Domestic Products (GDP) plus depreciation
Gross National Products (GNP) plus depreciation
Gross National Income plus Taxation
Correct answer is B
No explanation has been provided for this answer.
N2.52
N3.28
N3.75
N3.96
N9.20
Correct answer is C
No explanation has been provided for this answer.
Which of the following best describes the multiplier?
Products of income and expenditure
Curves of savings and expenditure
Ratio of change in income to the expenditure that brought it about
Constant level of income
Equality of marginal propensity to consume and save
Correct answer is C
No explanation has been provided for this answer.
Economic growth specifically refers to the
Reliance on imported goods in preference to home-made goods
Sustained increase in the output of goods and services per head
Change in technical and institutional arangment of the economy
Continued increase in the depletion of a country's natural resources
Increase in the total number of people in the economy
Correct answer is B
No explanation has been provided for this answer.