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Economics 2005 NECO Past Questions

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26
The following determine the level of consumption EXCEPT
  • A. expectation of price changes
  • B. level of income
  • C. savings
  • D. the rate of taxes paid
  • E. the political climate
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27
If the standard deviation of a set of numbers is 3.6, what is the variance?
  • A. 12.49
  • B. 12.69
  • C. 12.9
  • D. 12.96
  • E. 12.98
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28
The recent revolution of Cassava from ordinary food crop to export crop will lead to
  • A. decrease in price of cassava flour
  • B. decrease In production of cassava
  • C. decrease In production of local starch
  • D. increase In production of other crops
  • E. increase in the prices of cassava products
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29
The formular (N + 1)/2 is used to determine the
  • A. mean
  • B. median
  • C. mode
  • D. standard deviation
  • E. mean deviation
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30
When the total product starts falling, then the marginal product is
  • A. constant
  • B. increasing
  • C. maximum
  • D. negative
  • E. zero
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