2017 NECO Economics Questions And Answers – Expo

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NGstudents

ECONS OBJ COMPLETED
1-10 BEEBECEBAE
11-20 EACAACACDD
21-30 EDCEBCBEAE
31-40 AECDBDABBC
41-50 DBEDBEEABD

51-60 DCEADABCEB

=======================
ECONS THEORY
SECTION-A ANSWER 1 QUESTION ONLY
1a)
i) CLICK HERE FOR THE IMAGE
ii) CLICK HERE FOR THE IMAGE
1b)
Tabulate:
Year | Cocoa | Crops palm oil | Cotton | Total(#)
1970 | 100 | 150 | 250 | 500
1971 | 150 | 75 | 225 | 450
1972 | 250 | 200 | 150 | 600
Total = #1550m
=#1.55b
1c)
Percentage = 150/600 * 100
= ¼ * 100
= 25%
1d)
Degree = palm oil expert in 1971 * 360°
Total expert in 1971
= 75/450 * 360°
= 60°
2a)
A = 15
B =15 + 13 = 28
C = 20/3 = 6.7
D = 40 – B = 40 – 28 = 12
E 70/4 = 17.5
F = 20/5 = 4
G = 17 * 6 = 102
H = 82 – 60 = 22
I = 113/7 = 16.1
J = 19.5 * 8 = 156
2b)
Draw the Graph
2c)
As output rises, the AFC decreases and the curve the
represents it would slope downward from left to right
SECTION-B ANSWER 4 ONLY
4a)
Trade union is an organized association of workers in a trade,
group of trades, or profession, formed to protect and further
their rights and interests
4b)
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