NECO GCE Economics Answer 2017 OBJ & Essay is Out

NECO GCE 2017 Economics Answer for Objectives & Essay Questions Released.

The Neco Gce Economics 2017 answers and questions now available. The National Examination Council (NECO) General Certificate Examination (GCE) Economics is scheduled to be written on Wednesday, November 8th, 2017.
The Neco Gce Economics Paper III & II (Objective & Essay) will start by 2.00pm and will last for 3hrs.

Here, we will be posting out the Neco economics questions for candidates that will participate in the examination. Note that below is the questions from Neco past-questions and answers that we feel are likely questions for GCE preparation.
Section B [Essay] Answer any FOUR questions. Write your answers on the answer booklet provided.
1. On average, Norwegians work only 27 hours a week. They also take more, and longer, holidays than most other countries’ workers. In 2013, Norway had the second highest productivity in the world. It was also ranked number one in the Human Development Index (HDI). Unlike many other countries, Norway has had almost full employment in recent years.
(a) Define ‘productivity’.
(b) Explain two reasons why productivity may increase.
(c) Analyse why a country may have a high HDI value.
(d) Discuss whether a country would benefit from having full employment.
2.
NOTE: That there is nothing like Waec Gce Economics expo online. Do not be deceived by fraudsters posing with fake Waec answers on the internet.
NECO GCE Economics Objective Questions:
1. The diagram below shows a production possibility curve for maize and cotton.

Bad weather causes a poor harvest for both crops.
Which movement could be used to represent this change?
A P to R     B Q to R          C S to Q             D S to R.
2. The market for a good was in equilibrium. A change occurred which resulted in a new equilibrium with a higher price for the good and a lower quantity traded.
What change would have caused this?
A the demand curve moved to the left
B the demand curve moved to the right
C the supply curve moved to the left
D the supply curve moved to the right.
3. A government subsidises the production of pineapples.
This is likely to
A increase the price of pineapples
B raise the costs of supplying pineapples
C raise revenue for the government
D cause the supply of pineapples to increase at every price.
4. What might be a disadvantage to a trade union when arguing for an increase in its members’ pay?
A an increase in imports of a cheaper, similar product
B the closure of a local training college resulting in fewer potential workers
C the development of a new and profitable brand of the company’s product
D the development of new techniques that increase productivity.
5. A Japanese car manufacturer decided to produce its cars in a factory in Europe.
What would not be a reason why they might have chosen to do this?
A cheaper wage costs in Europe
B the availability of raw materials
C to gain external economies from skilled labour in Europe
D to increase Japanese self-sufficiency.
6. A government removed the quota on goods imported into the country.
What is the most likely result of this?
A a decrease in demand for domestic production
B a decrease in domestic unemployment
C a decrease in exports
D a decrease in the balance of trade deficit.
7.
Keep following, more questions and answers will be added soon.

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