Neco Economics Past Questions and Answers

Question 226:

• NECO 2009

Which of the following is NOT an advantage of tabular presentation of data?

A. Enables easy location of required figures
B. Helps to calculate derived quantities
C. Makes for easy comparison of figures
D. Occupies more space than mathematical equation
E. Shows whether the figures are increasing or decreasing

Question 227:

• NECO 2009

Which of the following is NOT an advantage of tabular presentation of data?

A. Enables easy location of required figures
B. Helps to calculate derived quantities
C. Makes for easy comparison of figures
D. Occupies more space than mathematical equation
E. Shows whether the figures are increasing or decreasing

Question 228:

• NECO 2009

Average total cost can be expressed as ____________

A. Average fixed cost plus average variable cost
B. Change in total cost divided by change in output
C. Total fixed cost divided by total output
D. Total fixed cost plus total variable cost
E. Total variable cost divided by total output

Question 229:

• NECO 2009

The mean of the following scores

30, 32, 34, 36, 38, 40 and 42

What is the mean deviation?

A. 4.21
B. 3.24
C. 3.42
D. 4.54

Question 230:

• NECO 2009

The value of money is affected by ____________

A. Consumer’s income
B. Effective demand
C. Effective supply
D. Equilibrium price
E. General price level