Neco Economics 2007 Past Questions and Answers

Question 41:

• NECO 2007

The following are advantages of standard deviation EXCEPT that it ____________

A. Has greater practical utility In sampling
B. Is a good measure of dispersion since all the values are used in its calculation
C. Is important and useful in the analysis of T- Test
D. Is not a sound mathematical index
E. Is the most popular measure of dispersion in distribution

Question 42:

• NECO 2007

The difference between bar charts and histograms is that the former

A. Are difference between bars adjoined to each other while the latter are separate bars divided Into sections
B. Are line graphs while the latter are rectangular bars
C. Are separate bars divided Into sections while the latter are line graphs
D. Has bars adjoined to each other while the latter has separate bars
E. Has bars separate from each other while the latter has bars adjoined to each other

Question 43:

• NECO 2007

Agricultural production in Nigeria could be improved through ____________

A. Control of plant diseases
B. Land Fragmentation
C. Payment of excise duty
D. The introduction of low yielding crops
E. The use of traditional implements

Question 44:

• NECO 2007

Which of these is NOT a bottle neck In the distribution of goods In Nigeria?

A. Adequate transportation network
B. Inadequate credit facilities
C. Inadequate storage facilities
D. Poor processing and packaging
E. Unnecessary hoarding

Question 45:

• NECO 2007

A change in National Income brought about by a given change in investment is ____________

A. APC
B. APS
C. MPC
D. MPS
E. The multiplier