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441
The rate of exchange between a domestic and a foreign currency is defined as the?
  • A. terms of trade
  • B. domestic currency price of a unit of the foreign currency
  • C. foreign currency price of gold
  • D. domestic currency price of gold
View Answer & Discuss JAMB 1987
442
Which of the following best explains the structural changes in the population of a country?
  • A. Positive changes in the size and ethnic composition of the population
  • B. A decrease in the size of the population
  • C. An increase in the birth rate which is higher than the decrease in the death rate
  • D. Changes in the age, sex and occupational composition of the population
View Answer & Discuss JAMB 1987
443
Statistical information available in most West African countries suggests that?
  • A. the marginal propensity to save is high
  • B. the marginal propensity to consume is high
  • C. the consumption pattern is negative
  • D. there exists perfect correlation between consumption and savings
View Answer & Discuss JAMB 1987
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444
Transfer payment are
  • A. transfer earnings
  • B. money transferred from one country to another
  • C. unearned income
  • D. payment transferred from one account to another
View Answer & Discuss JAMB 1987
445
Capital consumption allowance refers to?
  • A. personal consumption expenditure
  • B. indirect business taxes
  • C. depreciation of capital equipment
  • D. expenditure on capital equipment
View Answer & Discuss (1) JAMB 1987
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