29/01/2019
WAEC GCE 2019 (1ST SERIES) - ECONOMICS ANSWERS
Exam Time: Tuesday, 29th January, 2019
Economics 2 (Essay) – 9.30 am – 11.30 am
Economics 1 (Objective) – 11.30 am – 12.30 pm
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(2ai)
Working population
19 - 40 + 41 - 60
Total population = 200,000
35/100×200,000/1 +
25/100×200,000/1
70,000 + 50,000
= 120,000
(2aii)
Dependent population
0 - 18 + 61 and above
30/100×200000/1 + 10/100×200000/1
60,000 + 10,000
=70,000
(2b)
2/100*60,000/1
Increased by 1200
0.5/100*10,000/1
=50 died.
The natural increase in the population is birth rate
(2c)
The age distribution is of optimum population because the working age is greater than dependent age.
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(4a)
The labour force consists of all the people who are able to work in a country or area, or all the people who work for a particular company
(4bi)
Occupational Mobility Of Labour: This refers to the ability of workers to switch career fields in order to find gainful employment or meet labor needs. For example, footballer to university lecturer
(4bii)
Geographical mobility of labour: This is the ability of labour to move around an area, region or country in order to work. Geographical mobility is affected by things such as family ties, transport networks, transferable qualifications and common language. For example, moving from Enugu to Lagos to find work.
(4c)
(i) Population: As expected, population increases result in labor force increases. Both the strength of the influence and the magnitude are strong. A one percent increase in state population results in a 0.74 percent increase in labor force size.
(ii) Income: As state incomes grow, it attracts labor force entrants hoping to take advantage. However, a state’s cost of living is shown to have no influence on labor force size and is not statistically significant.
(iii) Educational Attainment: A more educated society has a larger labor force.
(iv) Weather conditions: Where weather conditions are favourable,