BASIC TOOLS OF ECONOMIC ANALYSIS Generix Content - BASIC TOOLS OF ECONOMIC ANALYSIS
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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
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
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
Q4

The pie-chart here represents the total population of a school of 1,200. The shaded area of 60o 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
Q5

The most frequently occurring value is a given data is the

A

mode

B

median

C

mean

D

range

E
Q6
The difference between the highest and lowest in a set of date is the
A
range
B
median
C
variance
D
mode
E
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
Q8
Which of the following is a measure of central tendency?
A
Percentage
B
Graph
C
Variance
D
Median
E
Q9
The graph of the function X = a + bY is
A
linear
B
C
cubical
D
exponential
E
Q10
In the distribution above, the mode is
A
2
B
3
C
4
D
5
E
6
Q11
The median is
A
2
B
3
C
4
D
5
E
6
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
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