NECO Economics Past Questions & Answers - Page 25

121.

Which of the following is NOT included in-measuring the National income through the income approach?

A.

Allowance given to an aged mother by a civil servant

B.

Income earned by a bricklayer

C.

Profit earned by Nigerian bottling company plc

D.

Profit earned by NITEL plc

E.

Salary earned by a doctor

Correct answer is A

No explanation has been provided for this answer.

122.

The following are problems of development planning in Nigeria EXCEPT

A.

Death of skilled manpower

B.

Inadequate capital

C.

Inadequate statistical data

D.

Poor implementation of economic planning

E.

Under-population

Correct answer is E

No explanation has been provided for this answer.

123.

Which of the following is NOT associated with minimum price legislation?

A.

Black market

B.

Excess demand

C.

Excess supply

D.

Unattainable equilibrium

E.

Unemployment

Correct answer is B

No explanation has been provided for this answer.

124.

If the population of a school is 600 and 60% are In JSS, how many students are in SSS?

A.

204

B.

224

C.

240

D.

244

E.

248

Correct answer is C

No explanation has been provided for this answer.

125.

The use of tax and expenditure policy to regulate the economy is known as

A.

Deregulation

B.

Fiscal policy

C.

Monetary policy

D.

Physical measures

E.

Structural adjustment

Correct answer is B

No explanation has been provided for this answer.