CIVIC EDUCATIONThis is actually the 2018 Waec Gce economics answers Answers as questions sent to our subscribers on WHATSAPP, if you are looking for 2020 WAEC/NECO Answers midnight before the exam, try contacting us.
Fixed cost $
Processing machine 2000
Manager's salary 1500
Factory rent. 1200
Electricity Bill 800
Variable cost of the firm:
Wages to causallabour 2500
Raw materials 1400
Average cost (AC) = Total cost/Unit produced
TC = TFC+TVC
= $5500 + $4500
AC = $10,000/3000
AC = $3.33
Total profit for the period formular
Profit = Total Revenue - Total cost
Total Revenue = PriceÃ—quantuty
Profit = $18,000 - $10,000
Tax paid by the firm
Tax paid = Tax rate Ã— taxable profit
= 10/100 Ã— $8000/1
Fixed cost is defined as the cost incurred by a firm which does not change or vary with the level of activity. Examples are salary, rent, electricity. Whereas variable cost are the cost incurred by a firm which vary or change with the level of activity. Examples are fuel, cost of raw materials, wages of workers.
Unemployment can be defined as an economic situation in which able body men and women who are willing and able to work can not secure any job in the country.
(i) Technological employment: This is caused as a result of company changes its technical ways of production which result in laying off of worker who cannot cope with the new method of production.
(ii) Cyclical Unemployment: This is caused as a result I down-swing in trade cycle ie a fall in a demand for a country's product.
(i) Industrialization: Government should many industries that can employ many worker.
(ii) Population control - Population should be controlled to obtain optimum level, so as to match the human population with available resources.
(iii) Proper Development plan: This should be put in places to cater for people who are unemployed.
(iv) Re-designing Educational system : The educational system should be redesigned to graduate people that are able to create employment.
Trade by barter can be defined as the exchange of goods for goods and services for services.
(i) Problem of double coincidence: This is a situation whereby a producer looks for another producer who has what he wants and want what he has.
(ii) Problem of storage: This problem occur because most of goods produced are perishable.
(i)Commodity Money: Is a commodity that is generally acceptable as a medium of exchange. Such a commodity has a money value as well as an intrinsic value of its own.
(ii) Token money: This is a form of money with a face value which is greater than the value of the metal content.
(iii) Bank deposits: The bank deposit is the process whereby an individual deposits his money in the bank and then uses cheques as a means of payment.
Primary production involves the extractive industry where the occupation of people is directed to the process of extracting raw materials from the soil or area
Primary production: Mining and Fishing
Secondary production: Manufacturing industries and Construction industries
Tertiary production: Financial institutions, schools
(i) Revenue: The primary industries like timber industry, cocoa industry, fishing industry, mining industry etc pay monies to the government in the form of taxes or levies. These monies are called revenues and they are used for developmental projects in the country.
(ii) Foreign exchange: Most of the the primary industries in such as timber industry, cocoa industry, mining industry etc., do not process or add value to their raw materials. Their raw materials are exported to other countries and this earns the country foreign exchange.
(iii) Employment: The primary industries together employ over 65% of the working population in a country. These various industries serve as employment and help people to earn income to improve their lives.
Majority of the people at the rural areas are farmers and fishermen.
(iv) Raw materials: Some of the industries process or add value to the raw materials from the primary industries.
For example, cocoa beans obtained from the Cocoa industries are processed by some companies such as Cocoa Processing Company into chocolates etc.
Similar to WAEC, your National Examination Council (NECO) result (certificate) is valid for life. It doesn't have any expiry date. That is, for as long as you live, you can use your NECO result to gain admission into the university and seek employment where applicable.
Results which met the Ordinary standard (grades 1-6) were recorded as Pass. ... Grades D and E indicated a lower standard of attainment, but were still judged sufficient to be recorded on the certificate. Grade E or below was ungraded and not recorded on the certificate.
West African Examinations Council (WAEC) has announced that the General Certificate Examination (GCE) for private candidates will now be held twice a year starting in 2017.
Is Wassce equivalent to GCSE? Minimum of three passes at GCE A-level at grade C or above, and five passes at GCSE/IGCSE level at grade C or above, including English and Maths with equivalent qualifications such as African WAECs - 6 passes at grades 1-6, including Maths and English.
Postgraduate: University of the West Indies - A score of B, 65% or GPA of 3.0 is considered comparable to a UK 2.1, while a score of B-, 60% or GPA of 2.7 is considered comparable to a UK 2.2. ... A Level or CAPE grades will also be considered alongside degree scores.
The SSCE is conducted by two different examination boards: the West African Examination Council (WAEC) and the National Examination Council (NECO). Students have the choice of either writing the two exams WAEC and NECO or just one of them.
College/University is definitely not free in Canada, unless you get a scholarship or one of your parents works at an institution where they provide that benefit to the children of employees. e.g. Ontario has the highest average undergraduate tuition at about $7800 per year (2 semesters) in the 2015/2021 year.
Prof Yankah said that although there are only a few state-owned universities in Ghana, they control about 80 percent of student enrollment. ... Prof Emmanuel Adow-Obeng, who suggested that WASSCE students with grade D7 and E8 in the core subjects be allowed to enter the universities through an access course programme.
It means that you have scored 39% or less on your exam. It is a failure grade. E8 (40-44%) and D7 (45-49%) are passing grades. C6 (50-54%), C5 (55-59%) and C4 (60-64%) are credit grades.
Although the 16 years age limit requirement for university admission has no legal backing, it has become the gold standard for some universities in Nigeria, which had in their post-Unified Tertiary Matriculation Examination (UTME) advertorial stated that ?candidates, who will not be 16 years of age by October 31, 2018, ...
A. Candidates are required to enter and sit for a minimum of eight (8) and a maximum of nine (9) subjects. (iv) At least one of Physics, Chemistry and Biology. (v) At least one of Literature-in-English, History and Geography.
WAEC internal can be easier because you're have been well prepared for the papers most recently (SS1 to 3). People usually write GCE while they'd abandoned books for months - if not years. This may make it more difficult to pass. There are other reasons WAEC internal could be more convenient as detailed in this post.
B3 is B (Very Good), C4 is C (Good), C5 and C6 are (Credit), D7 and E8 are E (Pass) and F9 is F (Fail).
You are never to old to start college. In fact, at 22 you will be in great company. Non-traditional students are typically more focused on their school work and tend to do better on assessments, when compared to their 18-21-year old classmates.
Candidates are expected to pay a registration fee of Thirteen Thousand, Nine Hundred and Fifty Naira (N13,950) only. There's an extra bank charge of N500.
Yes! It is possible to combine WAEC and NECO result for admission into any tertiary institutions in Nigeria. Many universities in Nigeria allow for the combination of both WAEC and NECO result.
WAEC is the exams body in charge of senior secondary school exams called West African Examination Council. They conduct both WAEC May/June SSCE for school candidates and WAEC Feb./March or August/September for private candidates - also called WAEC GCE. ... Secondary school can be: Senior secondary school i.e SSS 1 to 3.
According to the timetable, the West African Senior School Certificate Examination (WASSCE) for school candidates, 2020, will commence on 6th April, 2020 and will end on 5th June, 2020.
West African Examinations Council (WAEC) has announced that the General Certificate Examination (GCE) for private candidates will now be held twice a year starting in 2020.
Yes. You can gain admission into any institution in Nigeria with your NECO result. This is because, NECO is a national examination body, which is is responsible for conducting examination for students who are aspiring to further their education to tertiary level in Nigeria. ... They all accept NECO results in Nigeria.
The best study spot is one that is quiet, well-lit, and in a low-traffic area. Make sure there is a clear workspace to study and write on. For every 30 minutes, you study, take a short 10-15 minute break to recharge. Make studying less overwhelming by condensing notes from class.
Senior Secondary School Certificate Examination (SSSCE) issued by the West African Examination Council (WAEC). A minimum grade of B3 required. Finally, there are other universities in Canada the accepts WAEC/WASSCE/SSCE/NECO results.
Why Waec Gce is Far better than Neco Gce. ... 2: Grading: The marking scheme of Neco is totally different from that of Waec Gce and mostly students prefer writing Waec gce than that of Neco , Have you heard about C Parallel slogan, Student now call some board Exam Parallel Examination.
The researchers found that while 32.1% of respondents admitted to cheating in a face-to-face class, 32.7% admitted to cheating in an online course. ... Another study took another tack in establishing how common cheating in online exams is, as compared to face to face exams.
The General Certificate of Education Examination (GCE) was replaced by the Senior Secondary Certificate Examination (SSCE). ... A body called West African Examination Council (WAEC) conducts both the SSCE and GCE.
Many UK universities will accept a high school diploma a with a high enough GPA and if a GED is equivalent then that would probably be accepted. ... Some American universities have a campus in the UK, the most well known is Richmond, the American International University in London.
The WAEC examination is open to both private and school candidates. ... Some universities in the USA accepts WAEC results from West African students. So, you need to meet their minimum requirements before you're offered admission into an American university.
... is externally organized and graded by the West Africa Examinations Council (WAEC), which clas- sifies candidates who obtain BECE Aggregate 6 to 12 as "distinction" or "good" students, Aggregate 13 to 24 achiev- ers as "average," and Aggregate 25 and above achievers as "weak" students (Asihene, 2009;Dorleku, 2013; ...