### Follow Me

Fast & Easy Contact
Whatsapp:-  09022907087
Call:-  09022907087

# NECO GCE 2017 Economics Obj And Essay Solution Answer – Nov/Dec Expo

share on:

## NECO GCE Economics Obj And Essay/Theory Questions and Answer – NOV/DEC 2017 Expo Runz.

ECONS OBJ:
1-10 DEBECCCAAB
11-20 CEAEEDBEDC
21-30 EDEDBBBABC
31-40 DADCCDCADD
41-50 BDBBADCABE
51-60 ABBABDEACA
NOTE: always subscribe if you want your answers before the exam.
SECTION A – ANSWER ONE QUESTION
SECTION B – ANSWER FOUR QUESTIONS

1a)
No of birth
30/45 × 488500 = 3256667
1b)
No of death
15/45 × 488500 = 1628333
1c)
No of Environment Immigrant – Net migrant
70000 – 25000 = 45000
1d)
Natural growth
Birth rate – Death rate
3,256,667 – 1628333 = 1628334
1e)
5000000 + 700000 – 45000 = 5025000
1f)
New Pop – Old pop / old pop × 100/1
5025000 – 5000000 / 5000000 × 100/1
= 5%

SECTION B – ANSWER FOUR QUESTIONS ONLY
3a)
price elasticity of demand is defined as the degree of responsiveness of demand to a slight change in price of a commodity.

3b)
i)The number and kinds of substitutes:
Of all the factors determining price elasticity of demand the number and kinds of substitutes available for a commodity is the most important factor
ii)The position of commodity in a consumer’s Budget: Another important determinant of elasticity of demand is how much it accounts for in consumer’s budget. In other words, the proportion of consumer’s income spent on a particular commodity
iii)The number of uses of a commodity:
The greater the number of uses to which a commodity can be put, the greater will be its price elasticity of demand. If the price of a commodity having several uses is very high, its demand will be small and it will be put to the most important use
iv)Complementarily between goods:
Complementarily between goods or joint demand for goods also affects the price elasticity of demand. Households are generally less sensitive to the changes in price of goods that are complementary with each other

4a)
Marginal cost:
This refers to the money value of a commodity, it is the cost in terms of legal tender (currency) value while REAL COST is an expression of cost in terms of forgone alternatives, in other words is the satisfaction of one want at the express of another want.

4b)
Fixed Cost:
This is also called overhead cost or unavoidable cost and is defined as the cost of an enterprise which does not change with change of output while VARIABLE COST also called direct cost and is defined as the cost of production which varies or changes directly with the level of output.
4c)
Average Cost:
This is defined as a cost per unit of output of the total cost of production of a commodity incurred by an enterprise divided by the number of units of output while AVERAGE REVENUE is defined as the revenue generated per unit of output sold. It play’s a role in the determination of a firm’s profit.
4d)
Marginal Cost:
This is also called incremental cost and it may be defined as the extra cost of increasing output by one more unit while MARGINAL REVENUE is the increase in revenue that results from the sale of one additional unit of output.

5a)
an industry is defined as a group of firms producing similar products and under seperate administration or managements

5b)
i)insufficient capital:
this part of the world cannot afford the huge capital required for industrialization
ii)over-population:
the money that should have been channelled to industrial sector for industrialization is used to cater for the teeming population
iii)inadequate raw materials:
the ones gotten from agriculture are inadequate as a result of low productivity and those not gotten from agriculture are not found in Nigeria
iv)political instability:
this scares away both local and foreign industrialists because industrilization does not take place in a politically rowdy atmosphere
v)inadequate skilled personnel:
this can be attributed to our faulty education which we inherited from our former colonial masters

7)
i)Maintaining Good Animal Health:
Better drugs for animals should be encouraged and veterinary medicine should be promoted by the Nigerian government. This will boost agricultural production.
ii)Soil improvement:
Certain crops require certain soil conditions for productivity. Example soil that is good for rice may not be good for groundnut. More measures should be taken to improve the soil.
iii) Standardized price control:
Unstable prices can disrupt the marketability of farm produce. This can make people not settle down into agriculture is an occupation. Better standardized price measures should be introduced to stabilize the price of agricultural products
iv) Use of agro-based loans by the government to encourage farmers:
The government of Nigeria should encourage farmers by giving loans for agricultural activities. This will help farmers meet up with financial needs in terms of purchasing some seeds, hiring machines etc thereby boosting agriculture in Nigeria.
v) Local Awareness Creation:
Measures should be taken to make create local awareness of these government programs. This can be done by the government using different communication patterns. It is not enough for the government to introduce these programs but also necessary to make the common man aware of them.

10ai)
International monetary funds is an international organization created for the purpose of standardizing global financial relations and exchange rates. The IMF generally monitors the global economy, and its core goal is to economically strengthen its member countries.
10aii)
The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to developing countries.

10b)
i)To promote international monetary cooperation through a permanent institution which provides the machinery for consolation and collaboration on international monetary problems.
ii)To facilitate the expansion and balanced growth of international trade, and to contribute thereby to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all members as primary objective of economic policy.
iii)To promote exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation.
iv)To assist in the establishment of a multilateral system of payments in respect of current transactions between members and in the elimination of foreign exchange restrictions which hamper the growth of world trade.
v)To give confidence to members by making the general resources of the Fund temporarily available to them under adequate safeguards, thus providing them with the opportunity to correct maladjustments in their balance of payments, without resorting to measures destructive of national or international prosperity.

12a)
Brain drain can be describe as the process in which a country loses its most educated and talented workers to other countries through migration

12b)
I) Provide adequate research facilities.
ii) Provide attractive salaries to highly qualified people on the basis of their qualifications and experience
iii) Provide better job opportunities irrespective of caste, race or nationality.
iv) Promote people on merit
=========================
042tvseries.Com send all exam expo answer earlier than others
============================
NECO GCE ssce 2017 Economics expo answers, Ssce 2017 Economics objective and essay Expo answers now available, nov/dec Economics theory Answers for 2017, Economics obj and theory Questions NECO GCE Ssce Expo Answers Here, Free wassce Economics objective, essay & theory correct Expo 2017 answers Runz NECO GCE Economics, NECO GCE Ssce 2017 Free Economics essay, obj and theory Questions and Answers Expo for NECO GCE Economics Paper 1 and Paper 2 objective and essay Questions and Answers Expo Now Posted, Free Economics objective ans for internal ssce, see NECO GCE ssce expo Economics obj and theory, essay questions for free, loadedexpo correct wassce Economics ans, sure NECO GCE ssce Economics objective answers runz runs expo free real and correct NECO GCE ssce 2017 nov/dec Economics free expo runz runs ans answers online for free see free answers online, 2017 Verified NECO GCE Free Ssce Economics Obj and theory Answers have been posted REAL NECO GCE SSCE Economics QUESTIONS & ANSWERS Direct To Phone Number AS Text message, RE: 2017 WASSCE Economics (Expo) NECO GCE 2017 certified runs Economics questions and answers NECO GCE SSCE November/December 2017 Economics THEORY / ESSAY / OBJ QUESTION AND EXPO I need NECO GCE ssce free expo site, how can I get NECO GCE Economics answer for free, NECO GCE 2017 Economics essay, Objective And Theory Question and Answer Now Posted, Real 2017/2018 nov/dec wassce NECO GCE Economics objective, essay and theory 100% correct expo questions and answers runz chokes runs, verified 2017 NECO GCE Economics theory, essay and obj NECO GCE Economics expo website, NECO GCE ssce Economics live cheats, sure November/December NECO GCE SSCE 2017 Economics original objective, theory and essay questions and answer now available here, 100% NECO GCE ssce Economics expo, 2017 wassce Economics obj, essay and theory runz now posted, correct NECO GCE ssce Economics objective, essay (theory) answer now ready, free 2017 wassce Economics obj, theory and essay best expo site NECO GCE ssce Economics questions and answers, password for certified NECO GCE ssce Economics essay theory obj expo, how to get/ where to get wassce Economics theory, essay and objective expo answer direct to my phone as text message, trusted NECO GCE ssce Economics questions and answer, i need NECO GCE Ssce nov/dec Economics essay theory objective obj Expo 2017 answers on whatsapp, gidifans Economics answer, solutionclass Economics answer, 042tvseries Economics answer, codedexam NECO GCE Economics answer, wapbaze Economics answer, wapextra Economics expo, Martinlibrary Economics expo, examgists NECO GCE Economics expo, NECO GCE Economics objectives answer, naija NECO GCE Economics expo free answer

GOODLUCK!!!
previous article
Newer Post
next article
Older Post