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Abundant natural resources do not contribute to economic growth in developing countries because of
Examples of land that are non-renewable include
Balance of payments and trade problems that arose after the world wars were resolved by the
A customs union is an economic grouping which has
A country may be able to earn more from exports if she
If a country's imposes a barrier on trade, the resultant effect will be
If a country's import bill is high, she can encourage exports by
Records of a country's invisible trade are recorded in her
A measure that can be adopted to correct a country's balance of payments deficit is to
A floating exchange rate means that the exchange rate is fixed by the
People who dispose of their assets are expected to pay
In order to enable the government of a country to increase its tax revenue, it will be advisable for it to increase taxes on
When the government cuts down her expenditure to reduce inflation, she has embarked on
An increase in cash ratio by the central bank will
Demand -Pull inflation can be as a result of
Functions of money does not include
Government can curb inflation by
The standard of living in two countries can be compared using the
What is the country's Net National Product (NNP) at factor cost?
The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad =$250
Depreciation = $700
Indirect taxes = $120 Use it to answer questions 31 and 32 What is the country's Gross National Product (GNP)?