ECONOMICS OBJ
Econs-Type A
1-10DADDDCBBEA
11-20 DEBCCACABE
21-30 CEAAAAABDE
31-40 DCECDBBAEC 41-50 AAABDDCCCC
51-60 EDECCDBDBE TYPE D
1-10 CCEBBCCADD
11-20 DCEECADABA
21-30 ECCDADABAE
31-40 BDACC-EECDC
41-50 BBBEDC-D-A 51-60 DCCBAEEDCA. ECONOMICS ANSWER
Q1.
Year |Population | Working Pop 2000 |
45 |20 2001. |60 |35 2002. |70 |48
2003 |80 |60 2004. |105 |75
1a) Population increase of growth rate in 2001 is
= New - Old population
= 60,000 - 45,000
= 15,000 Population growth rate in 2001 is =
15,000/45,000 x 100 = 33.33%
Growth pop. in 2003 is
= 80,000 - 70,000
= 10,000 Growth rate is = 10,000/70,000 x 100
= 14.29% Growth pop in 2004 is = 105,000 -
80,000
= 25,000 Growth rate is = 25,000/105,000 x 100
= 23.81% 1b) Percentage of working from 2002 -
2004
In 2002
Working pop = 45
Total pop = 70
= 45/70 x 100 = 64.28% In 2003
Working pop = 60
Total pop = 80
= 60/80 x 100 = 75% In 2004
Working pop = 78
Total pop= 105
= 78/105 x 100
= 74.21%
Total % from 2002 to 2004 is 78 + 60 + 45 / 255 x 100
= 77.77% 1c.
factors that can stimulate increase in
population of a country. i. early marriage: peaple that who
engage in early marriage and this leads
to having many chirldren thereby
increasing the size of country
population. ii. inprove medical services: the
availability of medical sevices has
helped to reduce tha rate of death,
hence population is sure to increase
under this condition. iii. increase in birth rate: when thre is
increase in bith rate as its desired in
every family to have many chirldren in
west African countries, so as the
population os such countries inreased No6) Just choose five -The type of Account The Customer
operates: Although non-account
owners get loans, loans are normally
given to current account owners more
than those who operate savings
accounts. - The Amount Involved: If it is a large
sum of loan, the Bank Manager will
consider whether if such an amount is
removed, it will not affect the financial
standing of the bank. -The Past Financial Dealings of the
Customer with the Bank: one with
sound past financial dealings with a
bank has a higher chance of getting a
loan and vice versa.(from 9jahub.com) -The Earning Power of The Customer:
The person's earnings vis-a-vis the
amount to be given out as loan are
some of the determining factors in
granting and issuing loans. -The Collateral Security Offered:These
collateral securities which are fixed
assets must be the things the bank can
sell easily and more than the value of
the loan given. -The Period of Repayment: The period
of re-payment of such loan is very
important because, the Bank would not
want its loan to be tied down for a
very long time in spite of the fact that
it changes interest on the loan. (8)
- The income of the customer
- Close substitute of a commodity
- Nature of commodity
- Ones habit
- Number of users to which a commodity is put
THE INCOME OF THE CUSTOMER: The
higher the consumers income, the more
inelastic his demand for goods and
services will tend to be. CLOSE SUBSTITUTE OF A COMMODITY:
Commodities which have close
subtitles tend to have a high price
elasticity of demand while those that
do not have close substitutes are likely
to be elastic. NATURE OF COMMODITY: Whether the
commodity is a necessity or a luxury
items will affects the elasticity of
demand. ONES HABIT: when one forms a habit
on the consumption of a commodity, a
change in the price of that commodity
will not affects ones demand for it. NUMBER OF USERS TO WHICH A
COMMODITY IS PUT: It is known that the
more a commodity can be put into
several uses, the more elastic the
demand becomes and vice versa.(from
9jahub.com) (9a) MONOPOLISTIC COMPETITION: Is a
market situation which combines the
fundamental characteristics of both
pure monopoly and perfect
competition. This type of market
situation exists because neither pure monopoly nor perfect competition
exists in isolation and this is a result of
absence of homogeneity and
heterogeneity of products sold in both
markets.(from 9jahub.co

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ECONOMICS OBJ
Econs-Type A
1-10DADDDCBBEA
11-20 DEBCCACABE
21-30 CEAAAAABDE
31-40 DCECDBBAEC 41-50 AAABDDCCCC
51-60 EDECCDBDBE TYPE D
1-10 CCEBBCCADD
11-20 DCEECADABA
21-30 ECCDADABAE
31-40 BDACC-EECDC
41-50 BBBEDC-D-A 51-60 DCCBAEEDCA. ECONOMICS ANSWER
Q1.
Year |Population | Working Pop 2000 |
45 |20 2001. |60 |35 2002. |70 |48
2003 |80 |60 2004. |105 |75
1a) Population increase of growth rate in 2001 is
= New - Old population
= 60,000 - 45,000
= 15,000 Population growth rate in 2001 is =
15,000/45,000 x 100 = 33.33%
Growth pop. in 2003 is
= 80,000 - 70,000
= 10,000 Growth rate is = 10,000/70,000 x 100
= 14.29% Growth pop in 2004 is = 105,000 -
80,000
= 25,000 Growth rate is = 25,000/105,000 x 100
= 23.81% 1b) Percentage of working from 2002 -
2004
In 2002
Working pop = 45
Total pop = 70
= 45/70 x 100 = 64.28% In 2003
Working pop = 60
Total pop = 80
= 60/80 x 100 = 75% In 2004
Working pop = 78
Total pop= 105
= 78/105 x 100
= 74.21%
Total % from 2002 to 2004 is 78 + 60 + 45 / 255 x 100
= 77.77% 1c.
factors that can stimulate increase in
population of a country. i. early marriage: peaple that who
engage in early marriage and this leads
to having many chirldren thereby
increasing the size of country
population. ii. inprove medical services: the
availability of medical sevices has
helped to reduce tha rate of death,
hence population is sure to increase
under this condition. iii. increase in birth rate: when thre is
increase in bith rate as its desired in
every family to have many chirldren in
west African countries, so as the
population os such countries inreased No6) Just choose five -The type of Account The Customer
operates: Although non-account
owners get loans, loans are normally
given to current account owners more
than those who operate savings
accounts. - The Amount Involved: If it is a large
sum of loan, the Bank Manager will
consider whether if such an amount is
removed, it will not affect the financial
standing of the bank. -The Past Financial Dealings of the
Customer with the Bank: one with
sound past financial dealings with a
bank has a higher chance of getting a
loan and vice versa.(from 9jahub.com) -The Earning Power of The Customer:
The person's earnings vis-a-vis the
amount to be given out as loan are
some of the determining factors in
granting and issuing loans. -The Collateral Security Offered:These
collateral securities which are fixed
assets must be the things the bank can
sell easily and more than the value of
the loan given. -The Period of Repayment: The period
of re-payment of such loan is very
important because, the Bank would not
want its loan to be tied down for a
very long time in spite of the fact that
it changes interest on the loan. (8)
- The income of the customer
- Close substitute of a commodity
- Nature of commodity
- Ones habit
- Number of users to which a commodity is put
THE INCOME OF THE CUSTOMER: The
higher the consumers income, the more
inelastic his demand for goods and
services will tend to be. CLOSE SUBSTITUTE OF A COMMODITY:
Commodities which have close
subtitles tend to have a high price
elasticity of demand while those that
do not have close substitutes are likely
to be elastic. NATURE OF COMMODITY: Whether the
commodity is a necessity or a luxury
items will affects the elasticity of
demand. ONES HABIT: when one forms a habit
on the consumption of a commodity, a
change in the price of that commodity
will not affects ones demand for it. NUMBER OF USERS TO WHICH A
COMMODITY IS PUT: It is known that the
more a commodity can be put into
several uses, the more elastic the
demand becomes and vice versa.(from
9jahub.com) (9a) MONOPOLISTIC COMPETITION: Is a
market situation which combines the
fundamental characteristics of both
pure monopoly and perfect
competition. This type of market
situation exists because neither pure monopoly nor perfect competition
exists in isolation and this is a result of
absence of homogeneity and
heterogeneity of products sold in both
markets.(from 9jahub.co

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