NECO SSCE ECONOMICS THEORY 2024 PAST QUESTION

NECO SSCE ECONOMICS THEORY 2024 PAST QUESTION


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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 2024 Past Questions


1. Table 2.1 shows the number of students that offered Economics in Zarumi Model Secondary School         from 2000 - 2004. 
    Table 2 
                        Year             No. of students 
                        2000             "400 
                        2001               200 
                        2002               180 
                        2003               300 
                        2004               250 

    (a) Calculate the percentage of students that offered Economics from year 2000-2004. (5 marks) 
    (b) Draw a pie chart using the information in Table 2.1 (10 marks) 
    (c)  Give one similarity and two differences between a bar chart and a histogram. (5 marks) 

2. If the monthly income of Mr. Godwin increases from N50, 000 to N60, 000 and as a result, he                 increases his consumption level by Nl,200.00; calculate the following* 
    (a) (i) Marginal Propensity to Consume (MPC)  (5 marks) 
         (ii) Marginal Propensity to Save (MPS) (5 marks) 

    (b) From the value of Marginal Propensity to Consume (MPC) above, calculate the Multiplier                     (6mark) 
    (c) Mention four factors that determine the level of consumption of an individual. (4 marks) 

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