obligations and also hindering economic growth. African economies have not performed well‚ partly because of the increased outflow of resources to service debt obligations and partly because the necessary macro-economic adjustment has remained elusive for most of the countries in the continent. INTRODUCTION The Nigerian President‚ Olusegun Obasanjo‚ had waged a six-year war on debt cancellation. He had to hire an ex-World Bank official‚ Nigerian-born Ngozi Okonjo-Iweala as Finance Minister to prosecute
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impacts of inflation. How to curb inflation has been regarded to be the foremost purpose of government economic policies in several countries. It is worth noting that the effective policies that aid in curbing inflation need to center on the fundamental causes of inflation in the country and particularly in this regard the hospitality industry of Australia. Although there has been significant growth and expansion of the Australian industry for the past few years the impacts of inflation to this sector
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THE EFFECTS OF EXCHANGE RATE IN INFLATION OUTPUT AND THE CURRENT ACCOUNT ABSTRACT The empirical studies on the effects of changes in exchange rates on inflation and real activity can be broadly divided into four categories: Single-equation econometric methods‚ Vector autoregressive (VAR) models‚ Structural macro econometric models and DSGE models - Dynamic stochastic general equilibrium. Methodologies: First‚ most participants use single-equation econometric methods that estimate
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INFLATION Inflation is a term that refers to a persistent increase in general price levels of goods and services over a given period of time. The rise in inflation is mainly attributed to rise in food and fuel costs which results in a sharp rise in the prices of goods and services in the local market. MEASURING INFLATION Consumer Price Indices Inflation rate is calculated as the rate of change in consumer price indices from one period to another. Periods can be yearly or monthly. Pa-(Pa-1)Pa-1×100Where:
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Inflation is the overall level prices of goods and services rapidly increase in an economy over a period time. When the overall price level increases‚ it will affect the decreasing purchasing power of the currency. An economic inflation is not occurs suddenly‚ it is causes by three types of inflation. The first cause is demand-pull inflation results from increases in aggregate demand on goods. The excess demand will cause the level price of goods rises. This is commonly described as "too much
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Nigeria economy 3 Chapter 1: The discovery of oil and the Nigerian economy 4 Type chapter title (level 2) 5 Type chapter title (level 3) 6 Abstract: Nigeria has remained a point of reference in Africa and on global level. This is stem from the fact that‚ it is one of the largest exporters of crude oil to developed nations of the world. For more than three decades therefore‚ crude oil has been the major hub of the energy‚ revenue and foreign exchange earner for the Nigerian economy. In spite
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PROBLEMS AND PROSPECTS OF THEATRE ENTREPRENEURSHIP IN THE NIGERIAN ECONOMY Afolabi Taiwo Okunola (Department of Theatre & Film Arts‚ University of Jos‚ Nigeria) Abstract The business of theatre management is business of management. It is a culmination of the directive principles‚ canons and protocols governing theatre and management together to form a formidable team which thus makes a theatre entrepreneur. Being a theatre entrepreneur in Nigeria entails many dilemmas‚ challenges and hurdles. Thus
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The Negative Effects Of Grade Inflation Grades have always been disputable and have caused controversies; whether they are fair or not; whether they represent students’ knowledge or not; whether there are other alternatives that can be used instead of them. However‚ I believe nobody has come up with better solutions than the five letters grade system. A major issue is that has appeared in recent years related to grades is the so –called grade inflation. It means an escalating boost of grades for
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INTRODUCTION The Nigerian economy has several activities sectors which include agriculture (crops)‚ livestock‚ forestry‚ fishing‚ manufacturing‚ crude petroleum mining and quarrying‚ utilities‚ building and construction‚ transport‚ communication‚ wholesale and retail trades‚ hotels and restaurants‚ finance and insurance‚ real estate and business services‚ housing‚ producers of government services and community‚ social and personal services. However‚ with the advent of the crude petroleum sector
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Name: Stephen Adeleye Course: Economics 201 Objective: The effect of inflation on the job market Date: 05 - 05 - 2003 The Effects of inflation on the Job Market In the major industrial countries‚ low unemployment usually creates inflationary pressures. But during the recent economic expansion in the United States‚ prices have held steady despite low unemployment. Inflation is generally defined as an upward directional increase in the average of prices. Most people tend to be concerned about
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