Vision 2010 and Its Various Successors Have Called for All

question 64

Multiple Choice

Vision 2010 and its various successors have called for all of the following EXCEPT

• A) diversifying Nigeria's export base beyond oil.
• B) central bank autonomy.
• C) rebuilding Nigeria's education system.
• D) encouraging population growth both to support the labor market and to build a domestic market.
• E) meaningful privatization.

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Definitions:

Deflationary Gap

A situation in economics where actual production is lower than the potential output level, often resulting in unemployment and unused productive capacity.

Equilibrium GDP

The level of Gross Domestic Product where aggregate supply equals aggregate demand in an economy.

Full Employment GDP

The output level produced by the economy when all available resources are efficiently employed, representing potential GDP under full employment.

Multiplier

In economics, a factor that quantifies the impact of spending changes in an economy, particularly the increase in income or economic activity resulting from an injection of spending.