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Economics Past Questions and Answers

Neco Economics Questions

Question 216:

The difference between Gross National Income and Gross Domestic Product is known as ____________

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A Capital consumption
B Debt repayments
C Investment abroad
D Net income from abroad
E Net saving

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Question 217:

In a solo proprietorship, decisions are made by the ____________

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A Board of directors
B Government
C Management
D Owner
E Shareholders

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Question 218:

Find the arithmetic mean of the following set of scores 12, 4, 2, 8, and 14

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A 8
B 10
C 12
D 14
E 30

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Question 219:

The following are advantages of standard deviation EXCEPT that it ____________

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A Has greater practical utility In sampling
B Is a good measure of dispersion since all the values are used in its calculation
C Is important and useful in the analysis of T- Test
D Is not a sound mathematical index
E Is the most popular measure of dispersion in distribution

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Question 220:

The difference between bar charts and histograms is that the former

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A Are difference between bars adjoined to each other while the latter are separate bars divided Into sections
B Are line graphs while the latter are rectangular bars
C Are separate bars divided Into sections while the latter are line graphs
D Has bars adjoined to each other while the latter has separate bars
E Has bars separate from each other while the latter has bars adjoined to each other

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