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Economics 2007 NECO Past Questions

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36
Standard deviation can be determined by the square root of the
  • A. mean
  • B. mean deviation
  • C. mode
  • D. variance
  • E. variance divided by the mean
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37
Which of the following goods are NOT examples of joint supply?
  • A. Beef and hides
  • B. fuel and kerosene
  • C. Palm oil and kernel
  • D. Tea and coffee
  • E. Wool and Mutton
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38
The following countries are members of ECOWAS EXCEPT
  • A. Angola
  • B. Ghana
  • C. Ivory coast
  • D. Liberia
  • E. Niger Republic
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39
A tax system in which the income earner pays a fixed percentage of his income annually is known as …………. tax.
  • A. direct
  • B. indirect
  • C. progressive
  • D. proportional
  • E. regressive
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40
A comprehensive statement of Income and expenditure on international accounts for one financial year is called
  • A. balance of payments
  • B. balance of trade
  • C. budget
  • D. Index of trade
  • E. terms of trade
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