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ECO 122 (CBT 4)

Government spending also means Government _____________

Expenses

Expenditure

Investment

Disbursement

Disposable income or personal disposable income is the actual income which an individual spent on ______________

Personal expenses

Personal savings

Personal purchases

None of the options

International prices affect ___________

Exports only

Imports only

Exports and imports

None of the options

Given a planned aggregate demand: AD = C + I + G + NX,

where C = 610 + 0.8Y I = 210 NX = 10 and T = 220

Calculate the equilibrium output.

4200

4700

4000

4320

In __________ year, several Nigerian members of the Federal House of Assembly called for the establishment of a central bank to facilitate economic development.

1955

1923

1953

1952

__________ is the rate at which the naira is exchanged for the dollars.

Exchange rate

International transaction

Exchange price

Bureau de change

There are _________ characteristics of budget.

Four

Five

Three

Six

Economy that is in recession can recover by reducing _________ and increasing export supply.

Import supply

Export demand

Import demand

Production

Import demand is the one that changes as _________ changes.

Income

Import

Export

Consumption

One of the following is not a function of commercial banks.

Primary functions

Secondary functions

Agency functions

General utility functions

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