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Given the following hypothetical data (in millions of naira):
1. gross private domestic investment N592. contributors for social insurance N83. interest paid by customers N34. personal consumption expenditures N2065. transfer payments N206. undistributed corporate profits N137. indirect business taxes N258. net exports of goods and services N49. capital consumption allowances N2110. government purchase or goods and services N5911. corporate income tax N2212. personal taxes non-tax payments N29Calculate
a) gross national productb) net national productc) national incomed) personal incomee) disposable income
What is trade under decreasing opportunity cost?
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What will be the effects of an increase in real national income on the interest rate? Answer: An enhance in real national income will increase the interest rate. If investment
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