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Unilorin Post-UTME Economics 2022 (Model questions) past questions and answers

1 questions. Try each one, then open the answer to check yourself and read the explanation.

Question 2

Tools of Economic Analysis

Use the pie chart (Oil sector 160°, Agriculture sector 90°, Mining sector 30°, Manufacturing sector) to answer: If the GDP is ₦60 billion, what is the difference between the contributions of oil and manufacturing sectors?

Diagram for this question
  1. A.₦11.7 billion
  2. B.₦13.3 billion
  3. C.₦21.7 billion
  4. D.₦26.6 billion
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Answer: B (₦13.3 billion)

Explanation

Manufacturing = 360° − (160 + 90 + 30) = 80°. Oil = 160/360 × 60 = ₦26.67bn; manufacturing = 80/360 × 60 = ₦13.33bn. Difference ≈ ₦13.3bn.

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