Nigeria's government invested money into technology. This investment led to a new machine which makes it easier to refine crude oil. What impact will this machine have on Nigeria's gross domestic product (GDP)?

A) The GDP will decrease because oil will become cheaper.

B) The GDP will increase because Nigeria will be able to produce more oil

С) The GDP will increase because Nigeria will be able to diversify its workforce.
D) The GDP will decrease because fewer industrial workers will be needed to produce oil

Answers

Answer 1

Answer:

B) The GDP will increase because Nigeria will be able to produce more oil

Explanation:

The introduction of a new technology would result in an increase in the volume of crude oil being produced by the nation. This in turn will improve the net exports of the government which would increase the gross domestic product of the country.

Gross domestic product is the total market value of the goods and services produced by a country within a specified period. It is calculated by summing up consumption, investment, government spending, and net exports.

Answer 2

As the Nigeria govt invested money to technological up gradating so that they could easily extract the crude oil supplies the GDP of Nigeria will increase.

As the economy of Nigeria is a mixed economy and depends on market size the emerging manufacturing markets will lead to progress in the GDP of the nation. As crude oil occupies about 76% of the economy and 14% is the gas and others.

Hence option C is correct. Nigeria will not only increase the oil supply but also diversify.

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Related Questions

Briefly explain how one person event or development from 1775 to 1900 could be used to support the pyramid of capitalism systems interpretation

Answers

The correct answer to this open question is the following.

The development from 1775 to 1900 that could be used to support the pyramid of capitalism systems interpretation could be the Gilded Age. The Gilded Age was a time in the United States history when powerful industrialists grew to become monopolies.

The Gilded Age was a time in which rich businessmen increased their fortunes by buying their competitors and creating monopolies, in combination with government corruption acts. That was the case of Jhon D. Rockefeller of the Standard Oil Company and Andrew Carnegie of the US Steel Company.

The Pyramid of Capitalism is a cartoon representation of the hierarchy of Capitalism. The cartoon was drawn in 1911.

What treaty organization is created on April 4, 1949?

Answers

Answer:North Atlantic Treaty Organization

Explanation:forms the basis of the North Atlantic Treaty Organization

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THE ANSWER ISSSSSSS THE LASTTTTTTT

What is the function of the wire in an electric circuit?

Answers

Answer: Wires are used to bear mechanical loads or electricity and telecommunications signals.

Explanation:

Can someone please tell me how to put this on order

Answers

Answer:

Here you go

Explanation:

1-E

2-L

3-M

4-B

5-C

6-A

7-K

8-G

9-H

10-J

11-I

12-F

13-N

14-D

Make this brainliest , please and thank you

How did Henry II limit the Power of the churches in England?​

Answers

Answer:

Henry II was a strong king In 1164 he introduced the Constitutions of Clarendon, a code of 16 rules designed to increase the king's influence over the bishops and the Church courts. Henry demanded that, if the Church courts found a cleric guilty, they had to hand him over to the king's court to be punished properly.

What is the Multiplier Effect?

Answers

Answer:

Proportiinal amount of increase or decrease in in final income that resukt from withdrawl is called Multiplier effect.

Hope this helps.

In the period after circa 1450, trade along the routes shown on the map declined in large part because of the____


a. decrease in the demand for African manufactured goods in Europe


b. collapse of European economies in the wake of the Bubonic plague


c. disruption caused by the adoption of new gunpowder weapons


d. increase of maritime trade along the African coast

Answers

Answer: D

Increase of maritime trade along the African Coast

Explanation: found it on quizlet homie

The period after circa 1450, trade along the routes declined in large part because of the increase in maritime trade along the African coast.

The trade route before 1450 was the Silk Road.The Silk Route is one of the oldest trade routes that link China to Europe.The Silk Route was named silk as it was one of the commodities introduced in Europe and sold.The Silk was one of the expensive products and symbol of status.An excess of the sea route (Indian Ocean trade) brought an end to the dominance of the Silk Road. The Silk route often saw clashes, robbery and unrest between Christians and Muslims.A new sea route was found with Vasco da Gama on his way to India and the Far East in the 15th century.

Therefore we can conclude that there was a shift in the trade route from land to ocean.

Thus option D. is the correct answer.

Learn more about "Silk Road" here:

brainly.com/question/1255481      

Help math Composite figures and there area please help number the questions please

Answers

Answer:

1 of 5) D, 2 of 5) B, 3 of 5) D, 4 of 5) A, 5 of 5) D

Explanation:

1 of 5) The composite area is the sum of the areas of two rectangles. That is:

[tex]A = (4\,cm)\cdot (3\,cm) + (6\,cm)\cdot (2\,cm)[/tex]

[tex]A = 12\,cm^{2}+12\,cm^{2}[/tex]

[tex]A = 24\,cm^{2}[/tex]

The area of the shaded region is 24 square centimeters. (Answer: D)

2 of 5) The composite area is the sum of the areas of the rectangle and the triangle. That is:

[tex]A = (8\,cm)\cdot (5\,cm)+\frac{1}{2}\cdot (5\,cm)\cdot (5\,cm)[/tex]

[tex]A = 40\,cm^{2} + 12.5\,cm^{2}[/tex]

[tex]A = 52.5\,cm^{2}[/tex]

The area of the shaded region is 52.5 square centimeters. (Answer: B)

3 of 5) The composite area is the sum of the areas of the rectangle and the triangle. That is:

[tex]A = (10\,cm)\cdot (4\,cm)+ \frac{1}{2}\cdot (7\,cm)\cdot (6\,cm)[/tex]

[tex]A = 40\,cm^{2}+21\,cm^{2}[/tex]

[tex]A = 61\,cm^{2}[/tex]

The area of the shaded region is 61 square centimeters. (Answer: D)

4 of 5) The composite area is the sum of the areas of four triangles and two rectangles. That is:

[tex]A = 4\cdot \frac{1}{2}\cdot (1\,m)\cdot (2\,m) + (8\,m)\cdot (4\,m)+(3\m)\cdot (1\,m)[/tex]

[tex]A = 4\,m^{2}+32\,m^{2}+3\,m^{2}[/tex]

[tex]A = 39\,m^{2}[/tex]

The area of the shaded region is 39 square meters. (Answers: A)

5 of 5) The composite area is the sum of the areas of the three semicircles and the square. That is:

[tex]A =3\cdot \frac{\pi}{8}\cdot (10\,cm)^{2}+ (10\,cm)^{2}[/tex]

[tex]A = 117.810\,cm^{2}+100\,cm^{2}[/tex]

[tex]A = 217.810\,cm^{2}[/tex]

The area of the shaded region is 217.810 square centimeters. (Answer: D)

Answer:

D is the first one

Explanation:

How did the cotton gin affect the south?(Select all that apply)

•Less land to Cultivate
•Development of a social caste system
•Growth of textile manufacturing
•Cotton culture spread west
•non-cotton crops declined
•attitudes about slavery hardened

Answers

Answer:

last one

2

and 5

Explanation:

I hope this helped

Answer:

its

2.

4.

5.

and 6.

Explanation:

I did this in school and got it right!

Hope this helps!!!!

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Which statement provides the best comparison of General George Patton and General Dwight Eisenhower?
O Both represented the US at the Yalta Conference.
O Both served terms as Supreme Allied Commander.
O Both led American forces in successful campaigns in Europe.
O Both were involved in planning and leading the D-Day invasion.

Answers

Answer: c. Both led American forces in successful campaigns in Europe.

Explanation: took test

The image shows Aztec architecture.



What type of Aztec architecture is shown in the image?

a palace
a pyramid
a joint-family home
a government building

Answers

Answer:

Pyramid

Explanation:

China maintained complete control of silk production (monopoly). What were the effects of this?
А
increase in prices of silk
B
decrease in prices of silk
с
D
death of laborers
increase in laborers

Answers

Answer: B

Explanation:

Answer:

B

Explanation:

Which of these is an apt description of the Scots-Irish?


Scottish highlanders uprooted from Southern Ireland


Scottish Presbyterians who moved to Southern Ireland


Irish Catholics who were undergoing economic struggle


Scottish Presbyterians who moved to Northern Ireland

Answers

D: Scottish Presbyterians who moved to Northern Ireland

Answer:

Scottish Presbyterians who moved to Northern Ireland

Explanation:

pleaseeeeeeeesssss answer this for meeeeeee ! plsssss

Answers

Answer:

1. Correct answer is Winston Churchill.

2. Message was that Europe was divided into two ideologically divided parts, and that spreading of Communism from the east is presenting a great danger for democratic regimes in Western Europe.

Explanation:

The famous speech was delivered after WW2 when Churchill expressed his attitude that Europe is totally ideologically divided.

It was a introduction to the period known as Cold War, when countries of Eastern Europe, led by Soviet Union were confronted by western democracies, with a goal to stop the spreading of communism.

What is launched in October 1957?

Answers

Explanation:

sputnik satellite was launch in Oct 1957

again I'm asking this question only answer it if u KNOW. I don't need information of the war it's just ur point if view. consider the causes, the cost; and the impact of the war. do you consider this war was worth fighting? explain. by the way I'm talking about war of 1812
if u don't know the answer please let someone else answer it​​

Answers

Answer:

causes; At the outset of the 19th century, Great Britain was locked in a long and bitter conflict with Napoleon Bonaparte’s France. In an attempt to cut off supplies from reaching the enemy, both sides attempted to block the United States from trading with the other. In 1807, Britain passed the Orders in Council, which required neutral countries to obtain a license from its authorities before trading with France or French colonies. The Royal Navy also outraged Americans by its practice of impressment, or removing seamen from U.S. merchant vessels and forcing them to serve on behalf of the British.

it led to death of people.

Explanation:

Answer:

trust i know it

Explanation:

bc its wow wow wow 100%  idc dot COM

hope this helpedddddddddd

who ended the great depression​

Answers

miss maam i have great depression and it didnt end yet

what is the september massacre

Answers

Answer:

the month

Explanation:

check your calander

Many of Washington’s tribal governments have constitutions in order to

describe the principles of government.
replace the national constitution.
gain membership in the United Nations.
qualify for financial aid from the state.

Answers

Answer:

A describe the principles of government

Explanation:

corrected me

Answer:a

Explanation:

Which party files a lawsuit in a civil case?

A- Plaintiff

B- Judge

C- Jury

D- Defendant

Answers

Answer:

Plaintiff

Explanation:

Answer:

Plaintiff

Explanation:

Though World War II was a global conflict, Georgians who fought in the early years of the war were most likely to have
been sent to
O Asia.
O East Africa.
O South America.
O Europe.

Answers

Answer: Europe I think

Explanation:

Answer:

it A.) Asia

Explanation:

What are 4 big cities that celebrated Freedom Day

Answers

Answer:

Explanation:

Boston, New York City, Philadelphia and Washinton D.C

COMMUNIST China relied on supplies from this country

Answers

Answer:

india

Explanation:

China relied on supplies from country India

China relied on supplies from India.

what is shaky banking during the great depression ​

Answers

Another phenomenon that compounded the nation's economic woes during the Great Depression was a wave of banking panics or “bank runs,” during which large numbers of anxious people withdrew their deposits in cash, forcing banks to liquidate loans and often leading to bank failure.
Meaning the vast majority of American bankers followed established banking practices, but with no government regulation of the banking system, some bankers invested depositors’ money in shaky investments
Banks also lent consumers more than they could afford to repay
This vest over extension of credit made the entire U.S. economy extremely vulnerable

please help me! 10 points!!​

Answers

Gold :)) which is wealth

Something that is favorable is an

a deficit
b disaster
c pursuit
d advantage​

Answers

D- Advantage.
Say there is someone who is a basic person but they like the same music as you and that makes you like them more, that would be an advantage of your relationship with them.

Who was more important in the ending of the cold war gorbachev and reagan

Answers

Answer:

Gorbachev

Explanation:

Gorbachev is more important in the ending of the cold war because of the following reason which includes:

1. Gorbachev is the fourth leader during Regan's Presidency and he is the one that initiated the truce.

2. Gorbachev declared openly unilateral criteria to reduce the country’s armed forces by 500,000 soldiers and soldiers from Eastern Europe

3. He also claimed in the UN in December 1988 that Russian under his leadership will not be using an international class struggle.

Which of the following, according to Confucius, is not a main relationship of humans?
a.
Husband and wife
c.
friend and foe
b.
ruler and ruled
d.
father and son

Answers

Answer:

I think the answer is B. ruler and ruled. hope this helps

Answer:

It is the funny C.Friend and Foe

Which Sociologist do you believe made the largest contribution to the field of sociology? Why?

Answers

Answer:

Emile Durkheim

Explanation:

Emile Durkheim’s major contribution to society was his thinking about how society is held together. Earlier thinkers had realized that there had to be something holding society together, but Durkheim was the first to study this phenomenon carefully. Durkheim argued that there were two different kinds of solidarity among people in a society.

Durkheim
Durkheim set out to destroy this false view of human society. To do so, the true science of sociology had to be established, because, he thought, sociology must be able to account for the social factor. Durkheim was convinced that other sciences could not answer the question posed.

3. Why did the Romans want complete control of that geographic feature? What did that feature allow the Roman Empire to do?​

Answers

ANSWER- they wanted fertile land/ rich soil and trade

EXPLANATION-control over the fertile soil of the Po and Tiber River Valley allowed Roman´s to grow a diverse selection of crops such as olives and grains.

so it had great features and great outlooks because of it.

the mediterranean sea on which Rome was located this geographic feature made it easier to trade with other societies.

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