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economics Practice tests Neco, Jamb, Wascce,SSce, Sat, Gre, Toefel, Gmat Online

Practice economics tests question Below by selecting the right option.

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In the circular flow diagram above, the arrow marked K indicates




the flow of capital
B


payments to factors
C


payments for goods a
D

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Given that Y = C + I, where C = 50 + 0.75 and I = N45m, what is the equilibrium level of income?




N180 m
B


N200 m
C


N380 m
D

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Idle cash balances are held for




the purchase of shar
B


unplanned purchases
C


planned purchases
D

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