Neco Economics Essay and Objective Answers 2022
NECO Economics question and answer 2022 – The National Examination Council ( NECO) has Scheduled Economics paper to hold on 4th of july, 2022.
This what urges students writing the exam searching for neco economics 2022,neco 2022 economics syllabus,neco economics expo 2022,neco economics questions 2022,2022 neco economics question and answer,neco economics question and answer 2022,neco economics 2022 answers.
NECO ECONOMIC ESSAY AND OBJECTIVE ANSWERS -zamgist.com.ng
ECONOMICS-Obj!-By-Zamgist.com.ng
1BDCBCECDCD
11DBADBBADEE
21EADCCEAADD
31ECEBACBDBE
41BDABBBEBDD
51AACDBCCCDE
Completed! Tell The Whole World About Www.Zamgist.com.Ng
Completed!.
====================================
ECONOMICS-THEORY SPECIAL BONUSES; YOU ARE TO ANSWER FIVE (5) QUESTIONS ONLY.
ANSWER ONE (1) FROM SECTION 1 AND FOUR
(4) FROM SECTION TWO (2). PLS TAKE NOTE.
====================================
(1)
TABULATE
X: 20, 30, 40, 50, 60, 70
F: 10, 8, 20, 13, 6, 3
Fx: 200, 240, 800, 650, 360, 210
x-x-bar: -21, -11, -1, 4, 19, 29
(x-x-bar)²: 441, 121, 1, 81, 361, 841
F(x-x-bar)²: 4410, 968, 20, 1053, 2166, 2523
(1i)
Arithmetic mean (x-bar) = ∑fx/∑f = 2460/60 = 41
(1ii)
Variance = ∑f(x-x-bar)²= 11140/60 = 185.67
Standard deviation= √variance
= √185.67
= 13.63
(1iii)
(i)It does not give a fall range of the data
(ii)It can be hard to calculate
(iii)It only used with data where an independent variable is plotted against the frequency of it.
====================================
(2a)
%∆ in Quantity dd/ %∆ in income = 100/150
= 0.667
%∆ in Qty dd = ∆ In Qty dd/ old Qty dd * 100/1
= 10/10 * 100/1
= 100
%∆ in income = ∆ in income * 100/1
= 3000/2000 * 100/1
= 150
(2b)
Positive income elasticity: This is as a result of having more quantity demand for milk as income increases
(2c)
Luxurious goods
(2d)
(i) Change in price related commodity
(ii) Change in taste and fashion
(iii) Income of the consumer
(iv) Advertisement
====================================
(4a)
A wholesaler is a person whose business is buying large quantities of goods and selling them in smaller amounts
(4b)
(i)High price: Middlemen cause high price of goods by adding cost to the cost of goods
(ii) Increase in advertisement: The introduction of middlemen in the chain of distribution leads to high cost of creating awareness to the customer
(iii) Low profit: Middlemen will reduce the profit of the producer by increasing the cost of production for the producer
(iv) Decrease in production: Middlemen will lead to decrease in production of goods that will affect the price of the goods
====================================
(11)
(i)Source of revenue: To get most income into the government purse, taxes are imposed on goods coming in from other countries.
(ii)Reduction of unemployment: This discourages importation and encourage infant industries to survive which will create jobs for more unemployment people
(iii) To improve standard living: To help the citizens of a country to be self-sufficient and self reliant
(iv)Balance of payment deficit: It helps to correct a country’s balance of payment deficit in the long run
(v)Trade restriction: This enables the citizen to consume more locally made goods instead of foreign goods
====================================
(3a)
Capital formation is a term used to describe the net capital accumulation during an accounting period for a particular country
(3b)
(i) Low level of Natural income and per capital income
(ii) Lack in demand of capital
(iii) Lack in supply of capital
(iv) Lack of Economic and social overheads
(v) Lack of skilled entrepreneurs
(vi) Lack of effective fiscal policy
====================================
(10a)
Internal trade is the act of buying and selling of goods and services within a geographical area WHILE External trade is the buying and selling of goods and services between two or more countries
(10b)
=SIMILARITIES=
(i)They both engage in exchange of goods and services
(ii) They both engage in trade e
(iii) They both involve in the use of money to facilitate trade
=DIFFERENCES=
TABULATE
>INTERNATIONAL TRADE
(i) Buying and selling is between two or more countries
(ii) There is language barrier
(iii) It involves more documentation
>EXTERNAL TRADE
(i) Buying and selling is within a country
(ii) There is no language barrier
(iii) It involves low documentation
====================================
Completed!. We Remain The baddest
Site Ever. Tell The Whole World About Www.Zamgist.com.ng
===================================
How to get NECO Economics question and answer 2022
In this article i will provide you all the possible steps to get the neco economics 2022,neco 2022 economics syllabus,neco economics expo 2022,neco economics questions 2022,neco gce 2021 economics expo,neco economics question and answer 2022,neco economics 2022 answers and neco economics past questions 2022,neco economics 2022,neco economics past questions,neco economics syllabus 2022,neco economics 2022,neco economics past questions 2022, neco economics syllabus,neco economics,neco economics theory questions 2022,neco economics result 2022 and e.t.c
NECO Economics answer 2022
| 2022 Neco Expo | NECO 2022 Economics Questions and Answers |
|---|---|
| Direct Sms | Â N1000 MTN CARD |
| Â N500 MTN CARD | |
| Online Password | Â N500 MTN CARD |
| Delivery Time | Â Midnight or 4 hours before exam |
| Answer page | Â lite.zamgist.com.ng |
| WhatsApp No. | Â 08023429251 |
| Source | Â ZAMGIST |
| Group | Â ZAMGIST MIRACLE CENTER |
| WhatsApp Group Link | Â Click Here to Join |
| Tags | Â Economics Neco Expo 2022, 2022, Neco Economics question and answer |
ATTENTION :-Â IF YOU WANT US TO HELP YOU SEND ANSWER FOR THIS EXAM YOU ARE WRITING, YOU MUST PAY NOT FREE
NECO 2022 Economics question and Answer SUBSCRIPTION PRICE LIST
==> Direct SMS: #1000 MTN CARD
Direct SMS MEANS all answers(theory & obj) will come direct to ur phone as sMs.
==> Online PIN: #500 MTN CARD
Online PIN MEANS The Pin to access our answers online via https://lite.zamgist.com.ng will be sent to u at least 4hours before the exam to access our answers.
==> WhatsApp: #500 MTN CARD
Whatsapp MEANS The answer will be sent to you on WhatsApp after we confirm your subscription. Add Us In WhatsApp With 08023429251
Send The Following details:-
(i) MTN CARD Pin(s)
(ii) Your Name
(iii) Subject
(iv) Phone number
===>Â 08023429251Â via sms
NOTE:-Â All SMS Sent To The Above Number Are Attended To, Our Phone Number Might Be Diverted To Avoid Distraction. Always Send Us SMS Of Your Complaint Even When Our Number Is Not Available, Your Message(s) Will Get To Us And We Will Reply You ASAP.
Conclusion
I hope you enjoyed neco economics 2022,neco 2022 economics syllabus,neco economics expo 2022,neco economics questions 2022,neco gce 2022 economics expo,neco economics question and answer 2022,neco economics 2022 answers and neco economics past questions 2022,neco economics 2022,neco economics past questions,neco economics syllabus 2022,neco economics 2022,neco economics past questions 2022,neco economics syllabus,neco economics,neco economics theory questions 2022,neco economics result 2022.