Economics 2012 | Study Mode

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Question 41
A
current account
B
current and capital accounts
C
current and escrow accounts
D
capital and escrow accounts
Explanation

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Correct option: D
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Question 42
A
provide funds for infrastructural development
B
determine prices of exports
C
redistribute income among citizens
D
provide employment for citizens of member nations
Explanation

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Correct option: B
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Question 43
A
profit
B
interest
C
rent
D
wages
Explanation
'Capital' - investment in man-made aids to production including buildings, factories, computers. The reward for capital is interest.

Correct option: B
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Question 44
A
67.5
B
40
C
32.4
D
25
Explanation

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Correct option: D
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Question 45
A
N11.7 billion
B
N13.3 billion
C
N21.7 billion
D
N26.6 billion
Explanation

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Correct option: D
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Question 46
A
5
B
2
C
1
D
0.5
Explanation

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Correct option: D
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Question 47
A
N
B
P
C
M
D
K
Explanation

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Correct option: A
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Question 48
A
consumption of X and reduce the consumption of Y
B
expenditure on Y
C
expenditure on X
D
consumption of Y and reduce the consumption of X
Explanation

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Correct option: C
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Question 49
A
full employment of resources
B
unemployment
C
inflation
D
full employment of factors of production
Explanation

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Correct option: D

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