Economics Past Questions and Answers

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

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

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

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

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