1. The slope of the consumption function is called? A. Average prosperity to consume B. Autonomous consumption rate C. Marginal consumption rate D.👉👉Marginal propensity to consume 2. A model of circular flow of income...... A. shows the flow of human capital among firms & households B.👉👉 shows the movement of resources between firms and households C. shows the movement of resources between states and the federal D. shows the movement of fund among the states and the federal 3. ........ is not d cause of balance of payment (BOP) deficit in Nigeria? A. High servicing of debt B. Poor performance of d non oil sector C.👉👉Export promotion D. Import substitution strategies 4. When more worker are engaged in a work than actually required to work is called .......? A.👉👉Disquised unemployment B. Involuntary Unemployment C. Frictional Unemployment D. Voluntary Unemployment 5. The following are problems associated with national income computation except? A. Adequate statistical data B.👉👉Changes in price level C. Depreciation D. Double counting 6. Which of the following policy actions could d CBN use to combat inflation? A.👉👉Selling govt bonds to reduce money supply B. Buying government bonds to reduce the amount pf loanable funds C. Cutting the reserve requirement to reduce the amount of excess reserves held by banks D. Raising taxes to reduce the interest rate 7. If exchange rate are allowed to fluctuate freely & Nigeria demand for Indian rupees increases which of following will most likely occur? A. The rupees price of Nigeria goods will increase B. The Nigeria balance of payment deficit will increase C. The naira price of rupees will fall D.👉👉The naira price of Indian goods will increase 8. A situation where people are engaged in jobs but do not get those? A.👉👉Under employment B. Employment C. Unemployment D. Full employment 9. The difference between Gross National Product and Net National Product is? A. Capital stock B.👉👉Depreciation C. Investment D. Net explicit 10. A component of aggregate demand is? A. Household consumption expenditure B. Government final consumption expenditure C. Private investment expenditure D.👉👉Individual overall expenditure