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Cluster Analysis On The Effect Of Dollar Increment On The Economy Of Nigeria
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Research Questions
What is the effect of dollar increment on the economy of Nigeria?
What is the present state of the economy of Nigeria?
Are there ways the economy of Nigeria can be improved?
Is there a significant relationship between dollar increment and economic development of Nigeria?
What are the ways the value of the naira can be improved against the dollar?
Research Hypotheses
H0: Dollar increment does not influence economic development in Nigeria.
H1: Dollar increment influences economic development in Nigeria.
H0: There is no significant relationship between dollar increment and the economy of Nigeria.
H0: There is a significant relationship between dollar increment and the economy of Nigeria.
Significance of the study
This
study would be of immense importance to economic policy makers,
researchers and scholars who are interested in the exchange rate policy
and economy development. This study would also benefit students who are
interested in the study of economic development.
Scope of the study
This study is restricted to the effect of dollar increment on the economy of Nigeria.
Limitation of the study
Financial
constraint- Insufficient fund tends to impede the efficiency of the
researcher in sourcing for the relevant materials, literature or
information and in the process of data collection (internet,
questionnaire and interview).
Time constraint- The researcher will
simultaneously engage in this study with other academic work. This
consequently will cut down on the time devoted for the research work.
Definition of terms
GDP: gross domestic product
DOLLAR: a paper money, silver or cupronickel coin, and monetary unit of the United States, equal to 100 cents
ECONOMY: the process or system by which goods and services are produced, sold, and bought in a country or region
POLICY: The declared objectives that a government or party seeks to achieve and preserve in the interest of national community.
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