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2024 NECO Economics Questions and Answers

ECONOMICS-Obj:

> 1-10: EDBEDCCDAE

> 11-20: CAADBCEBEA

> 21-30: BCCCBCAECA

> 31-40: DCEAADDCDD

41-50: CBEDEDDCBC

51-60: BDDACCDBEC

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NECO Economics 2024 Essay Answers:

(1a) 2000: (85-105)/105) * 100 = -19.05% 2001: (65-85)/85) * 100

= -23.53% 2002: (70-65)/65) * 100 = 7.69%

(b) 1999: (45/105) * 100

= 42.86% 2000: (25/85) * 100 = 29.41%


(c) CHOOSE ANY TWO(2)

(I) Economic growth: A larger working population means more people contributing to the economy through consumption and production, which can lead to economic growth.

(ii) Tax revenue: The working population contributes to the government’s income through taxation. Higher employment rates usually lead to higher tax revenue.

(iii) Social stability: Employment is associated with financial stability and social structure, which can contribute to societal stability.

(iv) Innovation and development: A larger working population also means more minds to innovate and contribute to the overall development of the society

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https://www.essiebookblog.com.ng/2024/07/neco-economics-essay-objective-2024.html

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