Correct Answer: C. small size of the market

Correct Answer: D. establishing more skills acquisition centres

Explanation

(a) Manufacturer

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Wholesaler

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Retailer

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Consumer

(b)(i) (a) Provides finance for the manufacturer.

(b) Provides warehousing facilities.

(c) Breaks the bulk for the retailer

(d) Provides credit to the retailer.

(e) Gives information to the manufacturer and retailer.

(f) Branding/Packaging.

(g) Advertising and sales promotion.

(b)(ii) (a) Gives information to the wholesalerand consumer.

(b) Keeps variety of goods/services from which consumer can choose.

(c) Sells in small quantities to consumers.

(d) Grants credit to reliable consumers.

(e) Takes goods/services to convenient points for the consumers.

Explanation

(a) Labour can be defined as all human efforts of any kind either skilled or unskilled, mental or manual directed towards the production of goods and services.

(b) (i) Education and Training: All kinds of labour require training which may include formal training, training on the job.

(ii) Availability of equipment and tools: Labour efficiency also depends on the equipment and tools available to workers.

(iii) Physical environment: The environment in which labour workshelps to determine its efficiency as well as its productivity e g harsh physical environment.

(iv) Human environment: Conducive management style will increase labour efficiency.

(v) Conditions of service: Reasonable wages and salaries with other related incentives promptly paid encourage better service from labour.

(vi) Availability of good social services such as transportation, schools, hospitals, etc.

(vii) Technological improvement, including division of labour and specialization.

Explanation

(a)(i) R, per capita income = \(\frac{2500} {120}\) = $20.83

S, per capita income = \(\frac{12,000} {80}\) = $66.66

T, per capita income = \(\frac{4,000} {60}\) = $65.66

U, per capita income = \(\frac{6,500} {100}\) = $65.00

V, per capita income = \(\frac{2,500} {25}\) = $100.00

(ii) Range $100 - $20.83 = $79.17

(iii) Country V.

(b)(i) R,120 x100 = 24.74%

485 1

S, 180 x100 = 37.11%

485 1

T, 60 x100 = 12.37%

485 1

U, 100 x100 = 20.62%

485 1

V, 25 x100 = 5.15%

485 1

Correct Answer: D. depreciation from GNP

Explanation

Net national product is gotten by adding; The market value of all finished goods + the market value of all finished services - the depreciation of those goods and services = net national product.

Correct Answer: C. payment of school fees

Correct Answer: D. it reduces the size of labour force

Correct Answer: A. exceptional demand

Correct Answer: B. 22