NECO GCE Economics Obj And Essay/Theory Questions and Answer – NOV/DEC 2017 Expo Runz. ECONS OBJ: 1-10 DEBECCCAAB 11-20 CEAEEDBEDC 21-30 EDEDBBBABC 31-40 DADCCDCADD 41-50 BDBBADCABE 51-60 ABBABDEACA NOTE: always subscribe if you want your answers before the exam. SECTION A – ANSWER ONE QUESTION SECTION B – ANSWER FOUR QUESTIONS 1a) No of birth 30/45 × 488500 = 3256667 1b) No of death 15/45 × 488500 = 1628333 1c) No of Environment Immigrant – Net migrant 70000 – 25000 = 45000 1d) Natural growth Birth rate – Death rate 3,256,667 – 1628333 = 1628334 1e) 5000000 + 700000 – 45000 = 5025000 1f) New Pop – Old pop / old pop × 100/1 5025000 – 5000000 / 5000000 × 100/1 = 5% SECTION B – ANSWER FOUR QUESTIONS ONLY 3a) price elasticity of demand is defined as the degree of responsiveness of demand to a slight change in price of a commodity. 3b) i)The number and kinds of substitutes: Of all the factors determining price elasticity of demand the number and kinds of substitutes available for a commodi...