A surplus in the balance of payment should be used to

A. subsidized multinational companies

B. build infracstructures for friendly nations

C. make donations to developed countries

D. buy investment overseas

Development planning which take an overall view of the economy is described as

A. aggregate economic planning

B. disaggregate economic planning

C. sectorial economic planning

D. system economic planning

The national income of a country can be estimated by the

A. cost-benefit method

B. distribution method

C. expenditure method

D. consumption method

Which of the following is excluded when making national income?

A. dividends

B. wage and salaries

C. transfer of payments

D. profits

The Economic Community of West African States (ECOWAS) has been been slow in achieving its objective sbecause of

A. political instability in member state

B. the activities of multinationals

C. inadequate personnel at the secretariat

D. inadequate international support

A major achievement of the Organization of Petroleum Exporting Countries (OPEC) is that

A. crude oil price has increased tremendously

B. petroleum product price have remained low

C. producing countries are highly industrilized

D. price of crude oil has remained relatively state