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2021 WAEC Economics Theory Table 1 below shows the distribution of the population of a country in various occupations....

Economics
WAEC 2021

Table 1 below shows the distribution of the population of a country in various occupations.
Study it and answer the questions that follow.

OCCUPATION TOTAL
Shoe Production
Banking
Fish Processing
Warehousing
Mining
Fish Farming
Food Crop Production
Baking
Laundry
30 million
37 million
19 million
12.2 million
16.1 million
10.8 million
15.6 million
19 million
10.3 million

 

a) Calculate the size of the entire labour force in the country

b) What percentage of the labour force is engaged in the
(i) Primary sector
(ii) Secondary sector
(iii) Tertiary sector

c) Calculate the ratio of the workers in mining to the workers in shoe production

d) Calculate the percentage of the people engaged in warehousing

e) (i) Identify the type of economy depicted in the table
(ii) Give a reason for your answer in (e)(i)

 

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Explanation

a) Labour force = (30 + 37 + 19 + 12.2 + 16.1 + 10.8 + 15.6 + 19 + 10.3) million = 170 million

b) (i) Primary sector = \(\frac {16.1 + 10.8 + 15.6 \times {100}} {170 \text {million}}\) = \(\frac {42.5} {170} \times {100}\) = 25%

(ii) Secondary sector = \(\frac {30 + 19 + 19 \times {100}} {170 \text {million}}\) = \(\frac {68} {170} \times {100}\) = 40%

(iii) Tertiary sector = \(\frac {37 + 12.2 + 10.3 \times {100}} {170 \text {million}}\) = \(\frac {59.5} {170} \times {100}\) = 35%

c) Mining : Shoe production = 16.1 : 30 or \(\frac {16.1} {30}\)

d) \(\frac{\text { Workers in warehousing X 100}}{\text {size of entire labour force}} = \frac {12.2 million \times 100}{170 million}\) = 7.17% or 7.2%

e)i.  It is an advanced / developed / industrialized economy.

ii. Majority of the labor force ( which makes up 75%) is engaged in the secondary and tertiary sectors (that is 40% and 35% respectively).


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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995