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Economics 2009 NECO Past Questions

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41
The correct relationship between income (Y), consumption (C) and savings (S) is
  • A. C = Y + S
  • B. S = Y + C
  • C. S = Y + S
  • D. Y = C + S
  • E. Y = C – S
View Answer & Discuss NECO 2009
42
The first National development plan period was from
  • A. 1955-1959
  • B. 1962-1968
  • C. 1965-1970
  • D. 1970-1974
  • E. 1975-1980
View Answer & Discuss NECO 2009
43
These are the objectives of industrial strategies in Nigeria EXCEPT
  • A. industrial financing
  • B. maximization of local value added
  • C. promotion of export oriented industries
  • D. promotion of import oriented industries
  • E. provision of economic and social infrastructures
View Answer & Discuss NECO 2009
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44
Using Expenditure Approach to estimate National Income, Y is equal to
  • A. C + l + G + X – M + P - V
  • B. C + l + G + X – M + P
  • C. C + l + G – X + P
  • D. C – 1 + G + X – M + P
  • E. C + l – G + X – M – P
View Answer & Discuss (5) NECO 2009
45

When the value of a country’s export exceeds her imports, there will be a

  • A. deficit current account
  • B. excess visible imports only
  • C. favorable balance of trade
  • D. favourable capital account
  • E. surplus current account
View Answer & Discuss (2) NECO 2009
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