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Verified Waec 2018 Government Answers

Verified Waec 2018 Government Answers

Govt-Obj
1-10: CADBCBBBDB
11-20: BDCCDABAAB
21-30: ACCAAACAAB
31-40: ADDCDDDDCC
41-50: ACAAABADBB



10)
-Language barrier There are three languages that are used for communication within the ECOWAS bloc, that is English, French and Portuguese.

  1. Human Rights Abuses Another problem of the ECOWAS group is the penchant of the member states to abuse the human rights of their citizens. The human rights records of some member states is nothing to write home about.
  2. Financial problems The aims and objectives of the ECOWAS can only be achieved when the financial base of the community is solid. However, some member states are not able to honour their financial obligations to the community.
  3. Widespread Poverty: Many of the member states of ECOWAS are among the poorest of the poor nations in the world. Many of their citizens earn less that a dollar a day.
Strong External Influence: Many of the member states of ECOWAS were former colonies of some former colonial powers. Countries such as Britain, France and Portugal ever had a colony
or two that now belong to the ECOWAS group

(1a)
Society is referred to as the association of human beings. This suggests the whole complex of relations of man to his fellows.
1b)
(i) Society is a largest human group.
(ii) It satisfies the needs of its members.
(iii)One of the characteristic of society is having sense of belonging and cooperation. It is more or less permanent association
(iv) It is abstract (Because social relationships can be felt and imagined and cannot be seen).
(v) Everyone in society is dependent upon every other member.
(vi) It should be organized i.e. will be having division of labor.
(vii) “There is consciousness of kind.” Among the members of society.
(viii) It is always changing.
It has its own means to survive.
(ix) It is a self-sufficient social system.
(x)It lasts for a longer period of time than groups and communities.
(xi) One of the characteristic of society has its own culture.

3a)
  • By Birth : A person is a citizen by birth if either his parents, mother or father is a citizen of a country
  • By naturalization : Somebody can become a citizen of a country where he lives through naturalization. This is possible if he can satisfy the constitutional requirements for naturalization
Marriage or Registration : If a woman is married to a person of another nationality, she can acquire the citizenship of the husband’s country through registration

3b)
– Statutory age: An alien can become a citizen of another country if he has attained the required age as stipulated by the law of the country
  • Good character : He/She must possess good character

7a)
Protonationalism is generally referred to as traditional nationalists who were opposed to giving up their territories because they were denied respectable positions in their land or communities by reason of their race
7b)
  • Economic exploitation : There was economic exploitation of Nigerians by foreign firms
  • Administrative post: Nigerians were not allowed to hold any administrative posts and the highest they could attain was that of Chief Clerk
  • Lake of adequate educational facilities : The missionaries who were out to provide education did not achieve much due to financial problens
  • Racial segregation : Discrimination against the natives was mostly witnessed in the 20th century in Nigeria.















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#BBNaija: Miracle emerges as winner of the Big Brother Naija: Double Wahala game show.

#BBNaija: Miracle emerges as winner of the Big Brother Naija: Double Wahala game show.


There you have it folks! After all said and done, the ups and downs, the laughter and the cries, the romance and friendships made, we’ve finally had the winner of the Big Brother Naija game!
Miracle Ikechukwu has been announced as the winner of the Big Brother Naija game after weeks of eluding evictions and being the fans favourite.

Miracle was affiliated with all sorta drama and romance in the house and it’s obvious that that’s part of what made him the right man for the win.
A really comical guy who brought the heat with his charming and calm attitude while in the Big Brother house – Miracle obviously won the hearts of many as they’ve put him up as the winner of the show…
Hearty congratulations to Miracle and we most definitely can’t wait to follow him up on what his next real life actions will be…



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VERIFIED WAEC BIOLOGY 2018

VERIFIED WAEC BIOLOGY

Biology OBJ:
1BDDCCBCDBC
11ADCDCCAACC
21CAABBBBCBC
31CABCCACDAA
41ABBDDADDAB

6ai)
Chemosynthesis is the biological conversion of one or more carbon-containing molecules (usually carbon dioxide or methane) and nutrients into organic matter using the oxidation of inorganic compounds (e.g., hydrogen gas, hydrogen sulfide) or methane as a source of energy, rather than sunlight
6aii)
i)Bacteria
ii)methanogenic archaea

6b)
Nitrogen — 78 percent.
Oxygen — 21 percent.
Argon — 0.93 percent.
Carbon dioxide — 0.04 percent.
6c)
i)They are composed of relatively few species of plants
ii)The salt level of the habitat is high
iii)High flooding rate
iv)extreme temperature and salinity fluctuations.
6cii)
Roots of salt marsh plants help stabilize the sandy substrate and trap and hold nutrients and detritus that flow through with each tidal cycle. This detritus trap helps feed bacteria, algae, and invertebrates. These root tangles also provide critical refuge for small fish and other animals.


3ai)
renewable resource is a resourcewhich can be used repeatedly and replaced naturally.
3aii)
nonrenewable resource is a resource of economic value that cannot be readily replaced by natural means on a level equal to its consumption.
3bi)
i)oxygen
ii)fresh water
3bii)
I)oil
ii)natural gas
3c)
i)Regulated and Planned Cutting of Trees.
ii)Control over Forest Fire.
iii)Reforestation and Afforestation.
v)Check over Forest Clearance for Agricultural and Habitation Purposes.
iv)Proper Utilization of Forest and Forests Products.


2a)
i)carbon dioxide
ii)Nitrogen
2b)
i)CO2 is used by plants to photosynthesize carbohydrates.
ii)Nitrogen is a major component of chhlorophyll
2ci)
Variegated leaf is a leaf that has green parts (where the cells contain chlorophyll) and non green parts (where there is no chlorophyll).
2cii)
The green parts
2ciii)
i)The parts without chlorophyll do not photosynthesise
ii)the cells contain chlorophyll
2civ)
Magnesium


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MOUAU SECOND SEMESTER DATE

MOUAU SECOND SEMESTER 2017/2018 ACADEMIC SESSION TO BEGIN THIS SUNDAY - OBIORA OKEKE (SUG PRO) CONFIRMS.  
By Obiora Okeke

This is to notify every regular Student of MOUAU that the University Senate in her meeting of Wednesday 18th April, 2018 adjusted the 2017/2018 Academic Calendar. To this effect, Second Semester 2017/2018 will commence on Sunday 22nd April, 2018.

This was confirmed from Senate affairs this morning by the SUG Director of Public Relations - Comr.  Obiora Okeke.

Students are expected back on Campus on Sunday 22nd April, 2018.

Lectures begins on Monday 23rd April, 2018.

Students should visit their respective colleges for their second semester lecture timetable.

Breakdown of all activities for Second Semester will be available shortly...

Kindly pass this information to every MOUAU Student.

I AM OBIORA OKEKE
(0⃣BI-M0⃣UAU 201⃣8)
Director of Public Relations, SUG MOUAU.

Together we'll bring
T0⃣TAL TRANSF🅾RMAT1⃣ON to our Great Citadel of Learning - MOUAU.

Stand with me and you'll never regret that.

I STAND WITH OBIORA OKEKE (OBI-MOUAU) FOR A QUALITY SERVICE, REPRESENTATION AND BETTER MOUAU.

Kindly rebroadcast...
#TeamObiora
#SUG_Press_Team
#Obi_Obiora
#Mouau_PRO_Forum
#T0⃣TAL_TRANSF🅾RMAT1⃣ON


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Verified Waec 2018 Accounting Answers

Verified Waec 2018 Accounting Answers

F/ACCOUNT OBJ
1-10 DBBDAACBBC
11-20 CDAAABBBCA
21-30 A-CABCBDDC
31-40 BABBDDACDB
41-50 CCCBACCCAC

1a)
i)It can result in a business exhausting the budget, leading to spending more than
what is coming in.
ii)Businesses may need to file for bankruptcy or shut their doors if they fail to keep adequate records from the beginning.
iii)It can result in problems with suppliers, payroll, utilities, and other vital components to a running successful business.

1b)
i)Relevance means an account information to make a difference in decision making
ii)Comparability means an account information can be used to compare different entities
iii)Consistency: information is consistently presented from year to year
iv)Reliability means an account information is verifiable, factual, and neutral
1c)
i)Accounting is only one source of information and primarily provides information based on financial terms: Although this information is vital, decisions cannot be based solely on a
monetary basis. Various decisions depend upon a diverse range of issues being considered.
ii)The historical perspective of financial accounting: In order to obtain a recent estimate of an entity’s financial performance, the corporate managers carefully scrutinize
financial accounting information. In retrospect, this information is based on past performance.


2ai)
Direct materials consist of all of the materials that become an integral part of the finished product. Direct materials should include the actual cost of the materials, as well as freight in, import duties, purchasing costs, receiving costs, storage costs and other directly attributable costs of acquiring the materials.
Example- Orange in fanta making
2aii)
Direct labor consists of all of the personnel costs required to manufacture the finished product. Direct labor should include wages, payroll taxes, and benefits associated with personnel who are integral to manufacturing the finished product.
Example- Wage of machine operator
2aiii)
Factory overhead consists of all of the other costs required to manufacture the finished product that do not fit into the direct material or direct labor elements. They consist mainly of indirect material, indirect labor, depreciation, utilities, rent, repairs and maintenance and insurance.
Example- Indirect wages.

2b)
i)RAW MATERIALS
These are the materials or goods purchased by the manufacturer. Manufacturing process is applied on the raw material to produce desired finished goods.
ii)WORK-IN-PROGRESS (WIP) These are the partly processed raw materials lying on the
production floor.
iii)FINISHED GOODS
These are the final products after manufacturing process
on raw materials. They are sold in the market.There are two kinds of manufacturing industries.




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BREAKING: Mace Theft: Police arrest Senator Omo-Agege


BREAKING: Mace Theft: Police arrest Senator Omo-Agege



The police on Wednesday afternoon arrested suspended senator, Ovie Omo-Agege, at the National Assembly premises.
Mr Omo-Agege was whisked away in a black hilux van at about 1:54 p.m.
The arrest is in connection to the theft of the Senate mace, hours earlier.
Senate spokesperson, Sabi Abdullahi, accused the senator of leading hoodlums to the Senate chamber to seize the mace.
Mr Omo-Agege after the incident returned to the chamber.
Details later….
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Senator Shehu Sani’s Belt Replaces Stolen Mace As Senators Continue Deliberations


Senator Shehu Sani’s Belt Replaces Stolen Mace As Senators Continue Deliberations



Following the theft of the mace during the invasion of the Senate chambers by thugs led by suspended Senator Ovie Omo-Agege, on Wednesday, senators refused to adjourn as Senator Shehu Sani representing Kaduna Central removed his belt from his waist and laid on the table to serve as mace.
Completely shocked by the invasion of the senate during sitting and the theft of the mace, senators deliberated on whether to adjourn sitting or not but Senator Sani and others insisted that deliberations must continue.
In a tweet shortly after the confusion, Senator Sani stated: ”The senate invaded.Mace taken away.Deliberations on whether to adjoined or not.I and others insisted that the senate must not adjoin.I removed my waist Belt and lay to serve as a mace for us to continue,My colleagues seconded.Then a spare mace brought in and the session continued.Good Drivers are not known when the road is smooth.”
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Update : Omo- Agege’s thugs storm Senate Chamber, run away with the Mace

ABUJA- THUGS Wednesday morning stormed the Senate, caused confusion and went away with the Mace, the symbol of authority.





The thugs who were led by the suspended Senator Ovie Omo- Agege, APC, Delta Central, entered while plenary was on going and Deputy Senate President, Ike Ekweremadu was presiding.

Vanguard gathered that the thugs, numbering fifteen, followed the suspended Senator Omo- Agege to the chamber, but eight of them entered the state chamber.

According to a source, while trying to lead Omo- Agege into the chamber, Sergeart- at – Arms tried to block them from entering, but they were pushed out, just as the thugs shouted at them, saying that “Nigeria belongs to all of us,we are all Nigerians, we have come to bring in our Senator it have his seat as our senato.”
According to the source, Senator Omo- Agege went straight to look eye to eye with Senator Ekweremadu who was presiding, adding that it was at this moment that one of the thugs, the smallest of them, took the mace.
It was gathered that as the incident happened, many of the Senators rushed to the tea room.
The thugs beat the security and sergeart at Arms, went away with the mace before the very eyes of all.
Two of the thugs who wore brown safari clothes, ran out of the main entrance to the Senate lobby and ran into a waiting black Prado jeep.
Meanwhile, after forty minutes of the commotion, the Senate resumed plenary at 12.10pm, having got another mace.
Speaking at resumed sitting, Senator Ekweremadu who noted that the Senate will get to the root cause of the problem and find a way out, said that the present 8th Senate will not be intimated, adding that as lawmakers, they will address all the issues in the Order Paper even it means staying to 6pm.
It will be recalled that the Senate on Wednesday, suspended Omo- Agege for ninety legislative days, apparently for kicking against the new sequence of elections adopted by the Upper chambers which was alleged to have been targeted at President Muhammadu Buhari ahead of 2019 election. .

Senator Omo- Agege has also been asked to withdraw his suit against the Senate President, Dr. Bukola Saraki and the Senate from the court as part of the conditions to forgive him at the expiration of the ninety legislative days suspension.
The Senate has also mandated that Parliamentary Support Group( Senate) for President Muhammadu Buhari in which Senator Omo- Agege is the Secretary and Senator Abdullahi Adamu,APC, Nasarawa West is the Chairman, must be disbanded immediately.
Decisions of the Senate were subsequent to the report of Senator Samuel Anyanwu, PDP, Imo East led Senate Committee on Ethics, Privileges and Public Petitions which investigated the Senator.
Earlier, the Committee had recommended that Senator Omo- Agege be suspended for 181 legislative days for dragging the upper chamber to court and to serve as a deterrent to others, but following pleads from Senate leader, Senator Ahmad Lawan, APC, Yobe North and Kabiru Marafa, APC, Zamfara Central for leniency and in the spirit of one family, Senate President Bukola Saraki reduced it to 90 legislative days.
It will be recalled that the Senate had last month, asked the Committee to summon Senator Omo- Agege over his comments that the new amendment to the Electoral Act regarding election sequence in the 2019 general elections was targeted at President Muhammadu Buhari.
Presenting the report yesterday, Senator Anyanwu said, “Having carefully and fully exhausted all sides to the matter and the inherent implication therefrom for today and the future of the National Assembly, the Committee recommends as follows:
“That Senator Ovie Omo-Agege be suspended for 181 legislative days from the date this resolution is taken to serve as deterrent to other Senators who might contemplate taking the Senate to court over its power to regulate or determine its internal matters.”




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ABIA STATE POLYTECHNIC ABA, PROTESTING

Breaking news.


Abia state polytechnic Aba, are now on the streets of Aba protesting in solidarity with their lecturers and non academic staffs over 11 months of non payment of salaries, which gave raise to the ongoing indefinite strike.

Is the protest a welcome development?

Is the protest  not against the Abia state polytechnic constitution of the students Union government (SUG) Article xxxix, section 1:
"The union shall not demonstrate to commemorate the N.U.N.S. crisis 1978 known as " Ali must Go".

What are your opinions?
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VERIFIED WAEC MATHS 2018

VERIFIED WAEC MATHS 2018

Pls RECHECK NUMBER 6!!!
Please Just Hold On… Keep Clicking TheREFRESH PAGE So That Once We Drop It You Are Going To See It…….                     
                          EXAM COMPLETED.
                                 GOOD LUCK GUYS!!!
INVITE YOUR FRIENDS FOR TOMORROW EXAM.
GO-TO FACEBOOK AND LIKE OUR PAGE EMMANUELNEWZ

MATHS OBJ LOADING...

1-10: ACBCDDCBAA
11-20: CDCABCCCAC
21-30: DADBABCDAD
31-40: BADADBCACB
41-50: ADDDBDADCA
          



NO1) On February 28th 2012, value = (100-30/100) * #900,00.00
= 70/100 * #900,00
= #630,000.00
On february 28th 2013, value = (100-22/1000 * #630,00
= 78/100 8 #630,000
= #491,400
On february 28th 2014, value = 78/100 8 #491,400
=383,292
On february 28th 2015, value = 78/100 * #383,292
= #298,967.76

NO2) Given that y = 2pxˆ² – p² x – 14
AT (3, 10)
10 = 2p(3)²  – p² (3) – 14
10 = 18p – 3p²  – 14
3p²  – 18p + 24 = 0
p²  – 6p + 8 = 0
using factor method,
p²  – 2p -4p + 8 = 0
p(p-2) – 4(p-2) = 0
(p-4)(p-2) = 0
p-4 = 0 or p-4 = 0
p= 4 or p =2

NUMBER 3a image

3a)
The diagonal = 10.2m and 9.3cm
Using Pythagoras theory
Ac² = 10.2² + 9-3²
Ac² = 104.04 + 86.49
Ac² = 190.53
Ac² = √190.53
Ac² = 13.80
3b)
DRAW THE DIAGRAM
Using Pythagoras theory
5² = 3² + x²
x² = 5² – 3²
X²= 25 – 9
X² = √16
X= 4cm
CosX = adjacent/hyp
= 4/5
Tan X = opp/adj. = 3/4
5cos x – 4tan x
5(4/5)- 4(3/4)
20/5 – 12/4
4-3= 1



NUMBER 4 IMAGE

4ai)
sum of angle in a D =180degree
xdegree + 90degree + 180degree – (3x+15)=180degree
xdegree + 90degree + 180degree – 3x+15=180degree
-2x=180degree – 255
+2x/2=+75/2
x=37.5
4aii)
<RsQ =180 – (3x+15)
<RsQ =180-(337.5+15)
=180-(112.5 + 15)
=180 – 127.5
<RsQ= 52.5degree
4b)
2N4seven =15Nnine
2
7^2+N7^1+47degree =19^2 + 59^1+N9degree
9
49+N7+41=181+59+N*1
98+7N+4=81+45+N
7N+102=126+N
7N-N=126-102
6N/6 =24/6
N=4


NUMBER 5 IMAGE



5a)
m+n+s+p+q/5=12
m+n+s+p+q=60……(1)
Now;
(m+4)+(n-3)+(5+6)+p-2)+(q+8)/5
=(m+n+s+p+q)+(4-3+3+6-2+8)/5
=60+13/5
=73/5
=14.6
(b)
75% of 500 = 375 people
Number of people above 65 years = 500-375
=125

25% of 500 = 125
Number of people below 15 years = 125
Number between 15 years and 65 years
=500-(125+125)
=500-250
=250 people
NUMBER 6 IMAGE
(6)
Total number of cars on road worthiness = 240
60% passed ie 60/100×240/1 = 144cars.
Number that failed = 240-144 = 96cars
(6a)
Draw the Venn diagram
C = clutch
B = brakes
S = steering
(6b)
From the diagram above
E = 28+12+8+6+x+6+2x
96=60+3x
96-60=3x
36/3 = 3x/3
Therefore X = 12
(i) The no of cars that had faulty brakes
=12+8+6+x (Since X = 12)
=12+8+6+12 = 38
(ii) Only one fault = (no of clutch only) + (no of brakes only) + (no of steering only)
=28+x+12x = 28+12+24
=64cars

7a)
(y-y1)/(x-x1)=(y2-y1)/(x2-x1)
(y-5)/(x-2)=(-7-5)/(-4-2)
(y-5)/(x-2)=-12/-6
(y-5)/(x-2)=2
Cross multiply
y-5=2(x-2)
y-5=2x-4
2x-y-4+5=0
2x-y+1=0
(7bi)
DRAW THE DIAGRAM
(7bii)
(I)
p^2=q+r^2-2qrcosP
p^2=8^2+5^2-2*8*5*cos90
p^2=64+25-0
p^2=89
p=sqroot(89)
p=9.4339km
therefore |QR|=9.43km(3 sf)

(II)
q/sinQ=p/sinP
8/sinQ=9.4339/sin90
sinQ=(8*sin90/9.4339
sinq=(8*1)/9.4339 =0.8480
Q=sin^1(0.8480)=57.99 degrees
but Q=30+ A
A=Q-30
=57.99-30
A=27.99 degrees
The bearing of R from Q
=180-A
180-27.99
=155.01
=>152 degrees









==========================================
(8a)
Cost price for Lami= #300.00
Profit made by lami = x%
Ie selling price for lami=(100+x/100)×#300
=#3(100+x)
=#(300+3x)
Bola’s cost price = #3(100+x)
Profit made by bola =x%
Selling price for bola =(100+x/100)×#3(100+x)
=#3/100(100+x)²
James cost price =#3/100(100+x)²=300+(6x+3/4)
expanding;
3/100(10000+200+x²) = 300+3/4+6x
3(10000+200x+x²)=30000+75+600x
30000+600x+3x²=30000+75+600x
3x²=75
X² = 75/3
X² = 25
X = square root 25
X = 5
(8b)
3x-2<10+x<2+5x
3x-2<10+x & 10+x<2+5x
3x-x<10+2 & 10-2<5x-x
2x<12 8<4x
X<12/2 4x>8
X<6 x>8/4
X>2
Also; 3x-2<2+5x
-4<2x
2x > -4
X > -2
Therefore; Range is -2
======================================
(9a)
Draw the diagram
Angles PTR and PSR are similar
|PT|/|PS| = |TQ|/|SR|
In angle PTR
|TQ|²=|PT|²+|PQ|²-2|PT||PQ|cos30degrees
=4²+6²-2×4×6×cos30
=16+36-48×0.8660
=52-41.568
=10.432
|TQ|=√10.432 =3.22cm
4/10 = 3.22/|SR|
4|SR| = 10×3.22
|SR| = 32.2/4
|SR| = 8.05cn
Approximately 8cm(to the nearest whole number)
(9b)
Atqrs = AΔPSR – AΔPTR
AΔPTR = 1/2×4×6×sin30
=2×6×0.5
=6cm²
AanglePTQ/AanglePSR = |PT|²/|PS|²
6/AanglePSR = 4²/10²
6/AanglePSR = 16/100
16×AanglePSR = 6×100
AanglePSR = 600/16 = 37.5cm2
ATQRS = 37.5 – 6
=31.5cm2
=32cm2
(10a) Using Pythagoras theorem from SPQ
|SQ|^2 = 12^2 + 5^2
= 144+25
=169
SQ= sqroot of 169
= 13cm
Sin tita= 5/13 = 0.3846
Tita= Sin^-1(0.3846)
= 22.6degrees
From PRQ
Sin tita= |PR|/12
Sin 22.6 = PR/12
Sin 22.6= PR/12
PR= 12xsin 22.6
PR= 12×0.3843
PR= 4.61cm
(10bii)Let the height at which m touches the wall= y
Cos x^degrees= 8/10= 0.8
x^degrees= Cos^-1(0.8)
= 36.87degrees
Sin x^degrees = y/12
Sin 36.87= y/12
y= 12xsin36.87
y= 12×0.60000
y= 7.2m

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WAEC MATHS SYMBOLS

MATHS SYMBOLS
__________________

/ means DIVISION

* means multiplication

tita u should know dat.

rais means raise to power

^ means raise to power

sqr rut/ squar rut means square root

----(1) means equation 1

yr means year

f(x-xbar) means x MINUS x BAR as in statistics
which means that MINUS WILL BE ON TOP OF x.
, (Comma) means NEXT LINE, THIS MEANS THAT THE FOLLOWING NUMBER IS UNDER THE
NUMBER IT IS FOLLOWING i.e UNDER. 

It is
usually used during STATISTICS when drawing a
table.
X:1,2,3,4,
FX: 4,6,8,10
FX-Xbar: 10,8,6,4,

DRAW A TABLE WITH X|FX|(FX-Xbar)
The above statement means that:
~For X, it has 1 2 3 4 5 6 under it. which means 1
is under 2, 2 is under 1, 3 is under 2, 4 is under 3
and so on...
~Under FX you have 4, then 6 under 4, then 8g
under 6, then 10 under 8, then 12 under 10.....
~Under FX-Xbar you have 10, then 8 under 10,
then 6 under 8, then 4 under 6, then 2 under 4,
then 1 under 2....

IN A CLEARER WAY:

→ comma means NEXT LINE(e.g)
x : 1,2,3
fx : 4,5,6
fx-xbar : 10,8,6,4
x|fx |fx-x¯¯|
1| 4 | 10 |
2| 6 | 8 |
3| 8 | 6 |
4| 10| 4 |

Class interval:
60-64,65-69,70-74,75-79,80-84,85-89,90-94,95-99.
X: 62,67,72,77,82,87,92,97.
F: 2,3,6,11,8,7,2,1.
FX: 124,201,432,847,656,609,184,97.
F(x-x bar)2:
561.12,414.18,273.36,33.66,84.48,476.42,351.12,333.06

MEANING OF THE ABOVE EXPRESSION:

Bar means Minus on top of d number or Variable
and comma means next line which means each of
them are unda. Eg 60-64 is unda Class interval,
then 65-69 is unda 60-64,etc .So comma means
unda.

NOTE THAT WHEN U SEE SOMETHING LIKE THE
ABOVE TWO EXAMPLES, U WILL NEED TO DRAW A
TABLE..

YOU NEED TO KNOW THESE ALSO:
MATHS CODES:

1) ,(comma) means next line.
(e.g)
x : 1,2,3

fx : 4,5,6

fx-xbar : 7,8,9

x|fx |x¯¯|
1| 4 | 7 |
2| 5 | 8 |
3| 6 | 9 |
2)*=multiplication sign. y

3)^ = Riase to pwer

4)P also means raised to power eg 10P6 means 10 raised to power six.

5)log3(base 4) ..Note:the base must be SUBSCRIPT .

6)x bar = mean symbol(x¯¯)

7)Pie = pie symbol eg Area of a circle is (Pie r2).

8)Tita = θ eg Sinθ.

10)Root or Rut or Sqrt or sqr root = √ ; eg Root2 means √2

11)/ means ÷

12)----(1) means equation 1
===============================

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Verified Economics waec 2018

Verified Economics waec 2018

✍🏿1-10: CBCACDADDC

11-20: DACADBACCD

21-30: BDCBCAABCD

31-40: CCACDDACBD

41-50: ADBADDCACA
2a)
Pls put in a tabular form:

Under Output(kg):
0, 15, 35, 60, 85
Under variable cost($):





0, 30, 55, 75, 90

Under Total cost ($):
15, 45, 70, 90, 105

Under Total revenue($):
0, 30, 70, 120, 170
2ai)
at output 0; marginal revenue (M. R)
= $0.00
at output 15; M.R = TR2-TR1
=30 – 0 = $30.0
at output 35; M.R = TR3 – TR2
70 – 30 = $40.0
at output 60; M.R = TR4 – TR3
=120 – 70 = $50.0
at output 85; M.R = TR5 – TR4
= 170 – 120 = $50.0
2aii)
at output 0, marginal cost (mc) = $0.00
at output 15, mc = TC2 – TC1
= 45 – 15 = $30.00
at output 35, mc = TC3 – TC2 = 70 – 45 = $25.0
at output 60, mc = TC4 – TC3
= 90 – 70 = $20.0
at output 85, mc = TC5 – TC4
= 85 – 60 = $25.0
2b)
i) The firm broke even at output 60kg.
ii) The firm made the highest profit at output level 85kg.
iii) The firm attained equilibrium at output 35kg.

2c)
The firm operates on a project market structure.

3a)
Optimum population may be defined as that population which is neither too small nor too large, but when combined with the available resources and given the level of existing technology secure a maximum return per head
3b)
i)It leads to over population; An increasing or large population of a country if not timely controlled will lead to over population
ii)Increase in government expenditure; The more the population of a country increases, the more the government’s expenditure increases
iii)It may lead to congestion; Increasing population if not controlled will lead to congestion in the area of housing, traffic, schools,etc

3c)
i)Family planning; Family planning which involves giving birth to controllable number of children, adopted in a country will help to check of control both growth and over population
ii)Sex education; Through this, people are taught the implications of involving in any type of sex and how to do it without having unwanted pregnancy
iii)Public enlightenment; Government can set up public enlightenment committee to enlighten people on the need of population control



4a)
State owned enterprises are public companies established by the act of parliament and control by the board of directors in order to produce essential services for the citizens. Some state owned enterprises are owned by the state government e.g OSBC while others are owned by the federal government e.g NPA, NRC etc.
4b)
i) Huge capital outlay: Public corporations exist because of the huge capital involved.
ii) Welfarism: Government set up state owned enterprises in order to enhance the well being of the citizens.
iii) Equitable distribution of wealth public corporations are established in order to ensure even distribution of resources.

4c)
i) Inefficient management: poor management affect the effectiveness of public corporation.
ii) Corruption: political interference in the management of state owned enterprises promote corruption in the system.
iii) Lack of willingness on the part of staff of public corporations affect the efficiency of the enterprises.

5a)
Unemployment is the economic situation where an individual who is jobless, qualified for a job and has been actively looking for employment is unable to find a job. While- underemployment is an economic situation where a job that an individual is committed to does not utilize all the skills and education the employee possesses.

5bi)
Seasonal: This type of unemployment occurs due to the seasonal nature of some industries. For example, ice-cream factories.
5bii)
Structural unemployment: This type of unemployment occurs due to a change in the structure of the economy. For example, the setting up of large mechanized manufacturing units in India led to the decline of handicrafts and led to unemployment of artisans.
5biii)
Frictional unemployment: This type of un­ employment occurs due to the normal working of the economy. For example people changing jobs from time to time and may perhaps be unemployed for some weeks as they wait to take up the next job.
5biv)
Cyclical unemployment is an overall unemployment that relates to the cyclical trends in growth and production that occur within the business cycle. For example When business cycles are at a low peak, cyclical unemployment will occur because total economic output is being minimized


6a)
Commodity money is money whose value comes from a commodity of which it is made.

6b)
i) determining the exchange rate among goods;
ii) barter economy also faced the problem of indivisibility i.e. where one party to the exchange has an indivisible item such as sheep;
iii) some goods to be exchanged were not easily portable;

6c)
i)as a medium of exchange it breaks transactions into
sale and purchase thus there is no need for double coincidence of wants;
ii) as a unit of account it allows rate of exchange to be easily determined;
iii) modern money has several units and facilities exchange in small and large units;

7a)
The demand schedule, in economics, is a table of the quantity demanded of a good at different price levels. Given the price level, it is easy to determine the expected quantity demanded.
7b)
The law of demand states that the higher the price the lower the quantity demanded and the low the price the higher the quantity demanded

7c)
i) Competitive demand; Demand is said to be competitive when a commodity is wanted to satisfy a want in place of another similar commodity
ii) Derived demand; This is a situation in which a commodity is wanted not for its immediate satisfaction of want but because of the demand for another commodity
iii) Joint Demand; When two or more commodities are wanted to satisfy one want at the same time
iv) Composite demand; Demand is said to be composite when a commodity is wanted to satisfy different wants for instance, palm oil may be demanded for cooking food,manufacturing of soap and pomade

8a)
Tax is a compulsory contribution to state revenue, levied by the government on workers’ income and business profits, or added to the cost of some goods, services, and transactions.
8bi)
progressive tax is a tax in which the tax rate increases as the taxable amount increases.
8bii)
proportional tax is a tax imposed so that the tax rate is fixed, with no change as the taxable base amount increases or decreases.
8biii)
regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.
8ci)
Equality every person should pay to the Government according to his ability to pay, that is in proportion of the income or revenue he et jove onder the protection of the State.
8cii)
Convenience
Is the sum, time and/manner of payment of a tax should not only be certain but the time and manner of its payment should also be convenient to the contributor.
8ciii)
Economy: The Government has to spend money on collecting taxes levied by it- Since collection costs of taxes add nothing to the national product, they should be minimized as far as possible.
USE THE COMMENT BOX AND COMMENT MORE ANSWERS.
THEORY COMPLETED!!!
NOW TYPING OBJ...
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