"BASIC TOOLS OF ECONOMIC ANALYSIS" question number distribution across years

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Economics index on skoool nigeria

WAEC questions for "Economics :: BASIC TOOLS OF ECONOMIC ANALYSIS"

Q1

Data presented in tables are usually arranged in

A

charts and graphs

B

rows and columns

C

graphs and rows

D

columns and charts

E

**Answer:** B

Q2

Which of the following tools of economic analysis is used when data contains more than one category?

A

bar charts

B

component bar charts

C

graphs

D

symbolical statement

E

**Answer:** B

Q3

Which of the following is **not** an advantage of tabular presentation of data?

A

enables easy location of required figures

B

makes for easy comparison of figures

C

occupies more space than mathematical equations

D

shows whether the figures are increasing or decreasing

E

**Answer:** C

Q4

The pie-chart here represents the total population of a school of 1,200. The shaded area of 60^{o }shows the population of underaged pupils. What is the population of the matured students?

A

600

B

800

C

1,000

D

1,200

E

**Answer:** C

Q5

The most frequently occurring value is a given data is the

A

mode

B

median

C

mean

D

range

E

**Answer:** A

Q6

The difference between the highest and lowest in a set of date is the

A

range

B

median

C

variance

D

mode

E

**Answer:** A

Q7

A collection of data which is has not been processed is referred to as

A

disjointed data

B

raw data

C

class intervals

D

frequency

E

**Answer:** B

Q8

Which of the following is a measure of central tendency?

A

Percentage

B

Graph

C

Variance

D

Median

E

**Answer:** D

Q9

The graph of the function X = a + bY is

A

linear

B

quadratic

C

cubical

D

exponential

E

**Answer:** A

Q12

The hourly wages of five employees of the Nigerian Ports Authority are N2.52, N3.96, N3.28, N9.20 and N3.75 respectively. The median hourly wage is

A

N2.52

B

N3.28

C

N3.75

D

N3.96

E

N9.20

**Answer:** B

Q13

Which of the following is not a set of measures of central tendency?

A

Mode and median

B

Mean and median

C

Mean and mode

D

Median and percentage

E

Mode, mean and median

**Answer:** D