Waec Economics Past Questions and Answers

Question 466:

• WAEC 1998

The table here shows the sectoral allocation of a country's budget. Illustrate the data accurately with a pie-chart. Show your workings clearly.

Sector	Amount (N million)
Health	30
Education	25
Housing	15
Manufacturing	10
Agriculture	20

Question 467:

• WAEC 1998

(a) What is meant by production?
(b) Explain with examples, the following types of production
(i) Primary;
(ii) Secondary;
(iii) Tertiary.

Question 468:

• WAEC 1998

Give any five reasons why public corporations are established in Nigeria.

Question 469:

• WAEC 1998

Account for the decline in the contribution of agriculture to the Gross Domestic Product (GDP) of Nigeria.

Question 470:

• WAEC 1998

(a) What is Labour Force?
(b) Explain four factors affecting the size of the labour force.