ECO441 Email: bbcnoun@gmail.com Whatsapp: 08131667008 Question: sector is known to produce raw materials for industries and foreign earnings to government Answer: Agricultural Question: A measure used to access and rank countries levels of social and economic development is known as Answer: Human Development Index Question: Which of these is not a goal of economic planning Answer: Improve economic inequalities Question: A planning that entails a central control and direction of all economic activities in accordance with a single plan referred to as Answer: Totalitarian Planning Question: Variables whose values are determined from within the system are termed variables Answer: Endogenous Question: The first National Development Plan in Nigeria was between Answer: 1962-1968 Question: The theory of unlimited supply of labour is associated with Answer: Arthur Lewis Question: With economic planning, the cycle of poverty can be elimated in countries Answer: Vicious Question: Which of these planning is regarded as the French system of planning? Answer: Imperative Planning Question: If an increase in per capita income doesn’t increase the standard of living, then which is true? Answer: People may have increased the rate of saving Email: bbcnoun@gmail.com Whatsapp: 08131667008