ECO122 Email: bbcnoun@gmail.com Whatsapp: 08131667008 The following are components of investment except Answer: marginal investment The following stages include stages of the evolution of money except Answer: standard money Domestic income include all except Answer: income earned abroad In the consumption function C = a + bYd; C is referred to as Answer: total consumption A public good is associated with Answer: free rider The following are functions of money except Answer: acceptance of deposit A situation of high rate of inflation and unemployment with slow economic growth referred to as Answer: stagflation Which of the following is not a problem of national income determination? Answer: problem of paid services Speculative demand for money is a function of Answer: interest rate The equation of exchange was propounded by Answer: irving fisher Deposit money bank in Nigeria was first established in what year? Answer: 1891 Licensed bank in Nigeria before independence are referred to as Answer: first generation banks Approaches to measuring GDP are in number Answer: 1 GNP - Depreciation Answer: nnp The use of goods and services by household is referred to as Answer: consumption In the consumption function C = a + bYd; a is referred to as Answer: autonomous consumption In all economies Human Development Index is used to measure the rate of in an economy Answer: development Mathematically, MPC + MPS Answer: 1 GDP - Depreciation Answer: nnp The ratio of a nationVs income to her population is known as Answer: per capita income Email: bbcnoun@gmail.com Whatsapp: 08131667008