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NECO SSCE ECONOMICS THEORY 2023 PAST QUESTION

NECO SSCE ECONOMICS THEORY 2023 PAST QUESTION


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Table of Content

About NECO SSCE

Full meaning of NECO SSCE

N - National
E - Examinations
CO - Council
S - Senior
S - School
C - Certificate
E - Examination

What is NECO SSCE

The National Examinations Council (NECO) Senior School Certificate Examination (SSCE) examination is done by students who just finished senior secondary school. It was the first federal body in Nigeria to provide academic candidates with discounted registration and it was ordered to assume the National Board of Education Measurement's duties (NBEM). The Senior Secondary Certificate Examination and the General Certificate in Education are conducted by National Examinations Council (NECO) every June/July and December/January of the year, respectively.

For more information, you can visit the NECO official website

How to check NECO SSCE Result

To check your NECO SSCE result, check the easy steps given in this post where we explained in detail step by step how you can check your NECO result online. Click here to check easy steps to check NECO result online

About ECONOMICS

Economics is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses. The above definition was defined by Lionel C. Robbins.

This is an acceptable definition by everyone but there are other definitions by great economists.

Some of the world's great economists are Lionel C. Robbins, Adam Smith (Father of Economics), Alfred Marshall, Milton Friedman, Friedrich Hayek, John Maynard Keynes, David Ricardo, Paul Samuelson, Arthur Cecil Pigou, and William Stanley Jevons.

Important Topics In ECONOMICS

So here are the important topics in the Economics needed to pass NECO:

  • Definition and Scope of Economics
  • Theory of Production
  • Factors of Production
  • Demand
  • Supply
  • Money
  • Major Natural Resources
  • Public Finance
  • Theory of cost and Revenue
  • Business Organization
  • Population
  • Population Census
  • Financial Institutions
  • Theory of Price Determination
  • Industrialization
  • National Income
  • Theory Consumer Behavior.

Importance of Past Questions

Past questions are important in your studies to help you have an insight of how the exam looks like and how to face questions related to different topics covered in the subject examination to be taken

Excerpts From NECO SSCE ECONOMICS THEORY 2023 Past Questions


SECTION A 
Answer one question only from this section, 
1. The table below shows a hypothetical four years growth in population of a particular town. 
        
        Year                    Population (in thousands)                           Working Population (in thousands) 
       1999                             105                                                             45 
       2000                              85                                                              25 
       2001                              65                                                              35 
       2002                              70                                                              48 


    (a) Determine the population growth rate in 2000, 2001 and 2002. (12 mark) 
    (b) Calculate the percentage of working population in 1999 and 2000. (4 marks) 
    (c) State and explain two advantages of working population. (4 marks) 

2. Given that the demand for milk increased from 100 to 150 tins due to reduction in its price from 4200      to 1480. 
    (a) Present the above information in a table.     (2 marks)
    (b) Calculate the co-efficient of price elasticity of demand. (11 marks)
    (c) State the nature of elasticity in ‘b’ above and give two reasons. (4 marks)
    (d) State three factors that affect demand. (3 marks) 

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