THE ANALYSIS OF THE IMPACT OF UNEMPLOYMENT AND INFLATION ON BALANCE OF PAYMENT IN NIGERIA

Abstract
The major goals of macro-economic policy are: to achieve full employment in other words maintain a low and stable level of unemployment. To maintain a relative stable level of price payment position at a fixed stable exchange rate of growth.
Practically, inflation which is a persistence increase in general price level is one of the macro-economic problems facing Nigeria today. According to Ewa Udu and Agu G.A it began in Nigeria during and after the Nigeria civil war (that is from 1965-1970).Before the war, there was noticeable increase in the price of so many commodities such as a bag of 50cups of rice that cast #14.00 rises to #43.00 immediately after the civil war in 1970. Also there was an increase in the price of other goods and since 1979 the rate of inflation in Nigeria has been increasing.

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APA

Raji, A. (2018). THE ANALYSIS OF THE IMPACT OF UNEMPLOYMENT AND INFLATION ON BALANCE OF PAYMENT IN NIGERIA. Afribary. Retrieved from https://afribary.com/works/the-analysis-of-the-impact-of-unemployment-and-inflation-on-balance-of-payment-in-nigeria-4939

MLA 8th

Raji, Alex "THE ANALYSIS OF THE IMPACT OF UNEMPLOYMENT AND INFLATION ON BALANCE OF PAYMENT IN NIGERIA" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/the-analysis-of-the-impact-of-unemployment-and-inflation-on-balance-of-payment-in-nigeria-4939. Accessed 14 Apr. 2024.

MLA7

Raji, Alex . "THE ANALYSIS OF THE IMPACT OF UNEMPLOYMENT AND INFLATION ON BALANCE OF PAYMENT IN NIGERIA". Afribary, Afribary, 29 Jan. 2018. Web. 14 Apr. 2024. < https://afribary.com/works/the-analysis-of-the-impact-of-unemployment-and-inflation-on-balance-of-payment-in-nigeria-4939 >.

Chicago

Raji, Alex . "THE ANALYSIS OF THE IMPACT OF UNEMPLOYMENT AND INFLATION ON BALANCE OF PAYMENT IN NIGERIA" Afribary (2018). Accessed April 14, 2024. https://afribary.com/works/the-analysis-of-the-impact-of-unemployment-and-inflation-on-balance-of-payment-in-nigeria-4939

Document Details
Field: Economics Type: Project 57 PAGES (5564 WORDS) (pdf)