Waec Gce 2017 Economics Obj And Theory Answers – Nov/Dec Expo - Gidifans

You Are Here: Home » Exam - Waec Gce » Waec Gce 2017 Economics Obj And Theory Answers – Nov/Dec Expo - By Mr. Maraj On September 13, 2017 At 11:21 am

ECONS OBJ:
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ECONS THEORY:
1ai)
depenent age/population in X/total population in X * 100%
=(60+20)/(60+40+20)*100%
=80/120*100%
=66^2/3%
1aii)
depenent age/population in Y/total population in Y * 100%
=(20+15)/(20+55+15)*100%
=35/90*100%
=38.89%

1bi)
X=66^2/3 : 33^1/3
=2: 1
1biii)
=38.89 : 61.11
=7 : 11

1c)
country X
national income/population size
=$480million/120million
=$4.00
country Y
National income/population size
=$540million/90million
=$6.00

1d)
i)Increase in production of goods and services: Since the labour force in country Y is more than that of country X, countyr Y will have production than country X.
ii)Reduction in pressure over available resources: The available resources in the country Y will not be pressurized like that of country X.



7ai)
Terms of trade refers to the relative price of imports in terms of exports and is as the ratio of export prices to import prices.
7aii)
The balance of trade is the difference between a country’s imports and its exports for a given time period.

7b)
i)Expenditure reducing policies
ii)Expenditure switching policies
iii)Improving the supply-side
iv)Improving macroeconomic stability



3a)
labour force is the process where by people who are ableto work in a country or area, or all the people who work for a particular company.

3b)
i)Structural unemployment refers to a mismatch between the jobs available and the skill levels of the unemployed.
ii)Frictional unemploymentis when workers leave their jobs to find better ones. It’s usually a voluntary exit but can also result from a layoff or termination with cause.

3c)
i)the population of the country
ii)the population are fully employed
iii)the available of good medical facilities
iv)the total number of productive workers



5a)
The money market is where financial instruments with high liquidity and very short maturities are traded. It is used by participants as a means for borrowing and lending in the short term, with maturities that usually range from overnight to just under a year.

5bi)
Treasury bill is a short-dated government security, yielding no interest but issued at a discount on its redemption price.
5bii)
Treasury certificate is another money instrument which and in the mobilization of savings, which is made available to the needy sectors of the economy.

5c)
i)To maintain monetary balance between demand and supply of short term monetary transactions.
ii)Money market plays a very important role of making funds available to many units or entities engaged in diversified field of activities be it agriculture, industry, trade, commerce or any other business.
iii)By providing funds to developing sectors it helps in growth of economy also.



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4 Comments
  1. Anonymous says:

    Please do you people accept 2oo 2oo recharge card cause I didn’t get 4oo hundred natural own now and I need economics today

  2. Anonymous says:

    Just released dis stuff na, today is even the paper

  3. bilal says:

    Pls release government expo early abeg!!!

  4. hola says:

    pls I want to pay for lit-in-english

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