60 per cent from 2006 until 2011‚ reaching an all time high of 23.90 per cent in December 2011. The NBS measures unemployment rate by the number of people actively looking for a job as a percentage of the labour force. In its Economic Report on Nigeria released in May this year‚ the World Bank noted that “Nigeria’s annual growth rates that average over seven per cent in official data during the last decade place the nation among the fastest growing economies in the world noting that the growth has
Premium Unemployment Nigeria
The Negative Impacts of Credential Inflation Jack W. Davidge Western Governor’s University The Negative Impacts of Credential Inflation A market that is flooded with credential laden workers vying for a small number of jobs could tip the economy into a recession (Collins‚ 2002). This idea put forth by Collins seems prophetic when the current state of the economy is taken into account‚ and brings to light an underlying additional cause of the slow recovery being witnessed
Premium Higher education Academic degree Master's degree
Salvador Y. Watanabe Prof. Audrey Breay English 101 October 12‚ 2014 Self-Responsibility One positive to Grade Inflation is the fact that students are less stressed over grades and school over all‚ besides the more money the school gets as a result of higher letter grade output. Although students are less stressed‚ the do however become lazier which in the end results in more stupid people. Some students might take advantage of this and take more classes or do positive and valuable things outside
Free High school Education Teacher
__________ ID: A Test 2 5. If the economy is in a recessionary gap and the price level falls very slowly‚ then the result will be a prolonged period of a. high unemployment. b. production above potential GDP. c. shortages in supply. d. inflation whenever supply increases. Figure 10-8 6. The slope of the consumption function is measured by the marginal propensity to save. 7. If the stock market falls by 25 percent next year and remains down‚ what is most likely to happen to the
Premium Inflation Macroeconomics Supply and demand
consumption was estimated at 50 eggs and 7.6 kg of poultry meat (Benabdeljalil‚ 1983). CHAPTER THREE 3.2.2 MICROBIAL PROBIOTICS AND OTHER FEED SUPPLEMENTS PROBIOTICS: Probiotics are mono-or mixed culture of living microorganisms‚ which induce beneficial effect on the host by improving the properties of the indigenous microflora (Ghadban‚ 2002)
Premium Chicken Essential amino acid Meat
THE COLLAPSE OF UNIVERSAL BANKING SYSTEM IN NIGERIA: AN ASSESSMENT OF THE INTRODUCTION OF SPECIALZED BANKING AND HOLDING COMPANY SYSTEM. BY AIMINHIEFE OSAGIE BENEDICT Osazemogie@yahoo.co.uk‚ 08055819143 BEING AN M.Sc. (ACCOUNTING AND FINANCE) SEMINAR PAPER‚ DEPARTMENT OF ACCOUNTING‚ FACULTY OF MANAGEMENT SCIENCES‚ BENUE STATE UNIVERSITY‚ MAKURDI. Abstract The Central Bank of Nigeria (CBN) recently reviewed the universal banking system in favour of separate banking licenses
Premium Bank
Abstract Rural development of the grassroots has been the concern of every responsible and responsive political system. This is because development and participation have continued to elude people of the grassroots. Development remains insignificant if it does not positively affect the lives of those in the periphery of decision making arrangement. The Nigerian state therefore created local government as the third tier of government whose objective is to ensure effective‚ measurable and efficient
Premium Local government
INFLATION vs UNEMPLOYMENT Which is the Bigger Evil ? Firstly‚ what is inflation and what is unemployment ? Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently cited measure of unemployment is the unemployment rate.This is the number of unemployed persons divided by the number of people in the labor force‚ while inflation is the rate of change in the general level
Premium Inflation
account paying 5 percent per year‚ and unanticipated inflation is 8 percent per year. B) You have paid $500 for a $1‚000 Canada savings bond that matures in 10 years‚ and unanticipated inflation is 10 percent per year. C) You lend a friend $1‚000 at 6 percent to be repaid in one year‚ and unanticipated inflation is 7 percent during the year. D) You borrowed $2‚500 at 7 percent to pay for this year’s college expenses‚ and unanticipated inflation is 12 percent during the year. 5. The value of
Premium Inflation Gross domestic product Aggregate demand
MACROECONOMICS POLICY AND SUSTAINABLE DEVELOPMENT IN NIGERIA INTRODUCTION In normal economic condition‚ macroeconomic policy drivessustainable development of anation. The two main branches of macroeconomics policies are based on monetary and fiscal economics. Central Bank‚ the nationalapex bank controls the monetary policy while the Ministry of Financeplays major role in national fiscal policy. However‚ most economists concur that‚ synergy exists between micro-and macro-economics variables and
Premium Macroeconomics Inflation Monetary policy