{"id":1872,"date":"2023-10-02T07:01:32","date_gmt":"2023-10-02T07:01:32","guid":{"rendered":"http:\/\/localhost\/ecole9ja\/?p=1872"},"modified":"2023-10-02T07:03:58","modified_gmt":"2023-10-02T07:03:58","slug":"week-6-ss1-first-term-economics-notes","status":"publish","type":"post","link":"https:\/\/ecolebooks.com\/nigeria\/posts\/week-6-ss1-first-term-economics-notes\/","title":{"rendered":"Week 6 &#8211; SS1 First Term Economics Notes"},"content":{"rendered":"<p>\u00a0<strong>WEEK SIX<br \/>\n<\/strong><strong>TOOLS OF ECONOMIC ANALYSIS<br \/>\n<\/strong><strong>CONTENT<br \/>\n<\/strong><\/p>\n<ol>\n<li>\n<div>Tables or schedules\n<\/div>\n<\/li>\n<li>\n<div>Graphs\n<\/div>\n<\/li>\n<li>\n<div>Bar  chart (simple, component and multiple)\n<\/div>\n<\/li>\n<li>\n<div>Pie Chart\n<\/div>\n<\/li>\n<li>\n<div>Merits and demerits\n<\/div>\n<\/li>\n<\/ol>\n<p>\u00a0<strong>TABLES OR SCHEDULES <\/strong><br \/>\n\t\tA table is a systematic and orderly arrangement of information, facts or data, using rows and columns for presentation which make it easier for better understanding of  the relationship between variables. It serves as the most commonly used tool in Economics for economic analysis.<br \/>\n<strong>FEATURES OF A TABLE<br \/>\n<\/strong><\/p>\n<ol>\n<li>\n<div>It must give an orderly arrangement of data.\n<\/div>\n<\/li>\n<li>\n<div>It must have a title or heading.\n<\/div>\n<\/li>\n<li>\n<div>It must be numbered if many.\n<\/div>\n<\/li>\n<li>\n<div>It must be very simple and easy to understand.\n<\/div>\n<\/li>\n<li>\n<div>The units of measurement used in the table must be stated.\n<\/div>\n<\/li>\n<\/ol>\n<p>\u00a0<strong>USES OR IMPORTANCE OF A TABLE<\/strong><\/p>\n<ol>\n<li>\n<div>It reveals information at a glance.\n<\/div>\n<\/li>\n<li>\n<div>It avoids repetition.\n<\/div>\n<\/li>\n<li>\n<div>It makes data easy to understand.\n<\/div>\n<\/li>\n<li>\n<div>It allows for easy interpretation of data.\n<\/div>\n<\/li>\n<li>\n<div>It eases comparison between classes of data.\n<\/div>\n<\/li>\n<\/ol>\n<p>\u00a0<strong>EXAMPLES OF A TABLE<\/strong><br \/>\n\t\tThe table below gives the performance of four students in an entrance examination.<\/p>\n<div>\n<table>\n<tbody>\n<tr>\n<td><strong>Students<\/strong>\u00a0<\/td>\n<td><strong>Eng<\/strong>\u00a0<\/td>\n<td><strong>Maths<\/strong>\u00a0<\/td>\n<td><strong>Econs<\/strong>\u00a0<\/td>\n<td><strong>Total<\/strong>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>A\u00a0<\/td>\n<td>60\u00a0<\/td>\n<td>80\u00a0<\/td>\n<td>50\u00a0<\/td>\n<td>190\u00a0<\/td>\n<\/tr>\n<tr>\n<td>B<\/td>\n<td>80\u00a0<\/td>\n<td>40\u00a0<\/td>\n<td>70\u00a0<\/td>\n<td>190\u00a0<\/td>\n<\/tr>\n<tr>\n<td>C\u00a0<\/td>\n<td>60\u00a0<\/td>\n<td>60\u00a0<\/td>\n<td>80\u00a0<\/td>\n<td>200\u00a0<\/td>\n<\/tr>\n<tr>\n<td>D\u00a0<\/td>\n<td>40\u00a0<\/td>\n<td>50\u00a0<\/td>\n<td>60\u00a0<\/td>\n<td>150\u00a0<\/td>\n<\/tr>\n<tr>\n<td><strong>Total <\/strong>\u00a0<\/td>\n<td><strong>240<\/strong>\u00a0<\/td>\n<td><strong>230<\/strong>\u00a0<\/td>\n<td><strong>260<\/strong>\u00a0<\/td>\n<td><strong>730<\/strong>\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<strong>EVALUATION<br \/>\n<\/strong><\/p>\n<ol>\n<li>\n<div>Define Table.\n<\/div>\n<\/li>\n<li>\n<div>State 3 importance of a table.\n<\/div>\n<\/li>\n<\/ol>\n<p>\u00a0<strong>USE OF A GRAPH<br \/>\n<\/strong>A graph is a diagram showing a functional relationship between two variables. Information presented on table can be translated into a graph for better understanding.  Many types of graphs are used for economic analysis depending on the nature of the data and purpose for which they are intended<\/p>\n<p>\u00a0<strong>EXAMPLE OF A GRAPH<br \/>\n<\/strong>                                         y                 Demand Curve<\/p>\n<p>\t\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi1.png\" alt=\"\"\/>                 Price (N)<br \/>\n<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi2.png\" alt=\"\"\/>                                           D<br \/>\n<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi3.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi4.png\" alt=\"\"\/>                                        7<\/p>\n<p>\u00a0<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi5.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi6.png\" alt=\"\"\/>                                        5<br \/>\n<img decoding=\"async\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi7.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi8.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi9.png\" alt=\"\"\/>                                        3<br \/>\n<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi10.png\" alt=\"\"\/>                                                                                D            x<br \/>\n                                          O        5     10     15<br \/>\n                                                     Quantity<br \/>\n<strong>FEATURES OF A GRAPH<br \/>\n<\/strong><\/p>\n<ol>\n<li>\n<div>It must be titled.\n<\/div>\n<\/li>\n<li>\n<div>It must possess appropriate scales.\n<\/div>\n<\/li>\n<li>\n<div>The y and x axis must carry different variables.\n<\/div>\n<\/li>\n<li>\n<div>It must show the source of data presented.\n<\/div>\n<\/li>\n<li>\n<div>The y-axis must be on the vertical side and x-axis on the horizontal side.\n<\/div>\n<\/li>\n<li>\n<div>It must be well labeled for better understanding.\n<\/div>\n<\/li>\n<\/ol>\n<p>\u00a0<strong>IMPORTANCE OF A GRAPH<br \/>\n<\/strong><\/p>\n<ol>\n<li>\n<div>It shows relationship between two variables.\n<\/div>\n<\/li>\n<li>\n<div>It makes quantitative information illustrated in tabular form clearer and quicker impression.\n<\/div>\n<\/li>\n<li>\n<div>It helps to interpret values of variables.\n<\/div>\n<\/li>\n<li>\n<div>The values or quantities in the table are better understood and appreciated in graph.\n<\/div>\n<\/li>\n<li>\n<div>It provides basis for comparing variables provided in the table.\n<\/div>\n<\/li>\n<\/ol>\n<p>\u00a0<strong>EVALUATION<br \/>\n<\/strong><\/p>\n<ol>\n<li>\n<div>What is a graph?\n<\/div>\n<\/li>\n<li>\n<div>State five features of a graph\n<\/div>\n<\/li>\n<\/ol>\n<p>\u00a0<strong>USE OF A CHART<br \/>\n<\/strong>A Chart is a device being used to provide us with the interpretation or presentation of data in the form of diagram or picture. In economics, many types of chart are used for economic analysis among which are bar charts and pie chart.<\/p>\n<p>\u00a0<strong>BAR CHART<br \/>\n<\/strong>A bar chart is a way of representing tabulated data with evenly spaced bars with equal gap. Bar charts can be of three types<\/p>\n<ol>\n<li>\n<div><strong>SIMPLE BAR CHARTS:<\/strong> Used for data with one variable\n<\/div>\n<\/li>\n<li>\n<div><strong>COMPONENT BAR CHARTS:<\/strong> Used for data with two variables\n<\/div>\n<\/li>\n<li>\n<div><strong>MULTIPLE BAR CHARTS: <\/strong>Used for data with more than two\n<\/div>\n<\/li>\n<\/ol>\n<p><strong>Example of simple Bar Charts<br \/>\n<\/strong><\/p>\n<div>\n<table>\n<tbody>\n<tr>\n<td><strong>Score<\/strong>\u00a0<\/td>\n<td>2\u00a0<\/td>\n<td>4\u00a0<\/td>\n<td>6\u00a0<\/td>\n<td>8\u00a0<\/td>\n<td>10\u00a0<\/td>\n<\/tr>\n<tr>\n<td><strong>Frequency<\/strong>\u00a0<\/td>\n<td>7\u00a0<\/td>\n<td>8\u00a0<\/td>\n<td>9\u00a0<\/td>\n<td>4\u00a0<\/td>\n<td>2\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<strong>Frequency<br \/>\n<\/strong><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi11.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi12.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi13.png\" alt=\"\"\/><strong><br \/>\n\t\t\t<\/strong><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi14.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi15.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi16.png\" alt=\"\"\/><strong><br \/>\n\t\t\t<\/strong><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi17.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi18.png\" alt=\"\"\/><strong><br \/>\n\t\t\t<\/strong><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi19.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi20.png\" alt=\"\"\/><strong><br \/>\n\t\t\t<\/strong><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi21.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi22.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi23.png\" alt=\"\"\/><strong><br \/>\n\t\t\t<\/strong><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi24.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi25.png\" alt=\"\"\/><strong><br \/>\n\t\t\t<\/strong><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi26.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi27.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi28.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi29.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi30.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi31.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi32.png\" alt=\"\"\/>                                                                                x<br \/>\n           2           4          6          8          10<br \/>\nScores<\/p>\n<p>\u00a0<strong>Example of Component Bar Charts<br \/>\n<\/strong><\/p>\n<div>\n<table>\n<tbody>\n<tr>\n<td><strong>Class<\/strong>\u00a0<\/td>\n<td><strong>Boys<\/strong>\u00a0<\/td>\n<td><strong>Girls<\/strong>\u00a0<\/td>\n<td><strong>Total<\/strong>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>S. S. 1p\u00a0<\/td>\n<td>24\u00a0<\/td>\n<td>18\u00a0<\/td>\n<td>42\u00a0<\/td>\n<\/tr>\n<tr>\n<td>S. S. 1w\u00a0<\/td>\n<td>17\u00a0<\/td>\n<td>22\u00a0<\/td>\n<td>89\u00a0<\/td>\n<\/tr>\n<tr>\n<td><strong>Total <\/strong><\/td>\n<td><strong>41<\/strong>\u00a0<\/td>\n<td><strong>40<\/strong>\u00a0<\/td>\n<td><strong>81<\/strong>\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi33.png\" alt=\"\"\/><\/p>\n<p>\u00a0<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi34.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi35.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi36.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi37.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi38.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi39.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi40.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi41.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi42.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi43.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi44.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi45.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi46.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi47.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi48.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi49.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi50.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi51.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi52.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi53.png\" alt=\"\"\/><\/p>\n<p>\u00a0<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi54.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi55.png\" alt=\"\"\/><\/p>\n<p>\u00a0<strong>Examples of Multiple Bar Charts<br \/>\n<\/strong><\/p>\n<div>\n<table>\n<tbody>\n<tr>\n<td>Produce line Tunner\u00a0<\/td>\n<td>2000\u00a0<\/td>\n<td>200\u00a0<\/td>\n<td>2002\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Cocoa\u00a0<\/td>\n<td>500\u00a0<\/td>\n<td>700\u00a0<\/td>\n<td>200\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Cotton\u00a0<\/td>\n<td>400\u00a0<\/td>\n<td>300\u00a0<\/td>\n<td>500\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Groundnut\u00a0<\/td>\n<td>300\u00a0<\/td>\n<td>400\u00a0<\/td>\n<td>400\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<br \/>\n\u00a0<br \/>\n\u00a0<br \/>\n\u00a0<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi56.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi57.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi58.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi59.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi60.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi61.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi62.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi63.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi64.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi65.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi66.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi67.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi68.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi69.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi70.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi71.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi72.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi73.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi74.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi75.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi76.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi77.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi78.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi79.png\" alt=\"\"\/><\/p>\n<h2>EVALUATION<br \/>\n<\/h2>\n<ol>\n<li>Define the meaning of a chart\n<\/li>\n<li>\n<h2>Highlight three types of chart<br \/>\n<\/h2>\n<\/li>\n<\/ol>\n<p>\u00a0<strong>PIE CHARTS<br \/>\n<\/strong>This is a circle divided into sections expressed in degrees with each section proportionate to the frequency or attribute. The circle represents the total data and with the use of a compass and protractor it is drawn<\/p>\n<p>\u00a0<strong>Example:<\/strong> In a school the numbers of periods for the subjects are given in a table. Represent the information in a pie chart.<\/p>\n<div>\n<table>\n<tbody>\n<tr>\n<td>English\u00a0<\/td>\n<td>9 periods\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Mathematics\u00a0<\/td>\n<td>6 Periods\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Science\u00a0<\/td>\n<td>5 Periods\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Others\u00a0<\/td>\n<td>20 Periods\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<strong>Solution<br \/>\n<\/strong><\/p>\n<div>\n<table>\n<tbody>\n<tr>\n<td>Subjects \u00a0<\/td>\n<td>Periods\u00a0<\/td>\n<td>Working\u00a0<\/td>\n<td>Degree\u00a0<\/td>\n<\/tr>\n<tr>\n<td>English\u00a0<\/td>\n<td>9\u00a0<\/td>\n<td>9\/40 x 360<sup>0<\/sup><\/td>\n<td>81<sup>0<\/sup><\/td>\n<\/tr>\n<tr>\n<td>Mathematics\u00a0<\/td>\n<td>6\u00a0<\/td>\n<td>6\/40 x 360<sup>0<\/sup><\/td>\n<td>54<sup>0<\/sup><\/td>\n<\/tr>\n<tr>\n<td>Science\u00a0<\/td>\n<td>5\u00a0<\/td>\n<td>5\/40 x 360<sup>0<\/sup><\/td>\n<td>45<sup>0<\/sup><\/td>\n<\/tr>\n<tr>\n<td>Others\u00a0<\/td>\n<td>20\u00a0<\/td>\n<td>20\/40 x 360<sup>0<\/sup><\/td>\n<td>180<sup>0<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td><strong>40<\/strong>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td><strong>360<sup>0<\/sup><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<strong>LINEAR GRAPH<br \/>\n<\/strong>A linear graph is used in comparing between two variables priving a straight-line graph.<br \/>\n<strong>Examples<br \/>\n<\/strong>Given that Q = 42 \u2013 2p find the value of Q when p = N1, N3, N5, N7 and N9, where P = Price and Q = Quantities. Represent the information on a line graph<\/p>\n<p>\u00a0<strong>Solution<\/strong><br \/>\n\t\tQ = 42 \u2013 21<br \/>\nWhen<br \/>\nP = N1, Q = 42 \u2013 2 x N1 \u2013 42 \u2013 N2 = N40<br \/>\nP = N3, Q = 42 \u2013 2 x N3 = 42 \u2013 N6 = N36<br \/>\nP = N5, Q = 42 \u2013 2 x N5 = 42 \u2013 N10 = N32<br \/>\nP = N7, Q = 42 x 2 x N7 = 42 \u2013 N14 = N28<br \/>\nP = N9, Q = 42 \u2013 2x N9 = 42 \u2013 N18 = N24<br \/>\n<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi80.png\" alt=\"\"\/><strong>Price (N)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Quantity (Units)<br \/>\n<\/strong><strong>     1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a040<br \/>\n<\/strong><strong>     3\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a056<br \/>\n<\/strong><strong>     5\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a032<br \/>\n<\/strong><strong>     7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a028<br \/>\n<\/strong><strong>     9\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024<\/strong><br \/>\n\t\t<strong>Example of a linear graph<br \/>\n<\/strong><strong>                y<br \/>\n<\/strong><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi81.png\" alt=\"\"\/><strong>Price (N)<br \/>\n<\/strong><strong>             9-                                      x<br \/>\n<\/strong><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi82.png\" alt=\"\"\/><br \/>\n\t\t              7-                            x<\/p>\n<p>\u00a0<\/p>\n<h2>              5-                  x<br \/>\n<\/h2>\n<p>\u00a0               3-         x<br \/>\n<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi83.png\" alt=\"\"\/>                                                                                x<br \/>\n\u00a0\u00a0\u00a0\u00a0  O\u00a0\u00a0\u00a0\u00a036       32      28        24\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>\n                                    Quantity<br \/>\n<strong>EVALUATION<br \/>\n<\/strong><\/p>\n<ol>\n<li>Write short note on pie chart.\n<\/li>\n<li>Explain linear graph in 2 paragraph.\n<\/li>\n<\/ol>\n<p>\u00a0<\/p>\n<h2>READING ASSIGNMENT<br \/>\n<\/h2>\n<p>Amplified and Simplified Economics for SSS by Femi Longe page 19-23 <\/p>\n<p>\u00a0<strong>GENERAL EVALUATION QUESTIONS<br \/>\n<\/strong><\/p>\n<ol>\n<li>\n<div>Define frequency distribution.\n<\/div>\n<\/li>\n<li>\n<div>Giving the budget estimate of a state for 2010. Use the information to present a bar chart\n<\/div>\n<p><strong>Item                                         Amount<br \/>\n<\/strong>Agric                                              70<br \/>\nSports                                            80<br \/>\nEducation                                     110<br \/>\nHealth                                            60<br \/>\nDevelopment                                 30<br \/>\nFinance<strong>\u00a0\u00a0\u00a0\u00a0                                       <\/strong>50\n<\/li>\n<li>\n<div>Define a pie chart.\n<\/div>\n<\/li>\n<li>\n<div>Different between a bar chart and a linear graph.\n<\/div>\n<\/li>\n<li>\n<div>The production of carrot and onion by a farmer in Jos for the years 2002-2005.You are required to represent this data using component bar chart:\n<\/div>\n<\/li>\n<\/ol>\n<p><strong>Year\u00a0\u00a0\u00a0\u00a0Carrot             Onion             Total<br \/>\n<\/strong>2001                      \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a040                     30                  70<br \/>\n2002                      \u00a0\u00a0\u00a0\u00a030                     20                  50<br \/>\n2003              \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a030                     40                  70<br \/>\n2004                            20                     40                  60<\/p>\n<p>\u00a0<strong>WEEKEND ASSIGNMENT<br \/>\n<\/strong><\/p>\n<ol>\n<li>\n<div>Data presented in tables are usually arranged as (a) Charts and tables (b) Rows and columns (c) Graphs and rows (d) Pie chart\n<\/div>\n<\/li>\n<\/ol>\n<p><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi84.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi85.png\" alt=\"\"\/><strong><br \/>\n\t\t\t<\/strong><\/p>\n<ol>\n<li>\n<div><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi86.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi87.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi88.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi89.png\" alt=\"\"\/>The diagram is a (a) Bar Chart (b) Pie chart (c) Histogram (d) Ball Chart\n<\/div>\n<\/li>\n<\/ol>\n<p>\u00a0<br \/>\n\u00a0<br \/>\n\u00a0<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi90.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi91.png\" alt=\"\"\/>The Total number of fruits consumed by a family in a year was 720 represented by the pie chart below. Use it to answer questions 2 \u2013 4<\/p>\n<p>\u00a0<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi92.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi93.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi94.png\" alt=\"\"\/><br \/>\n\t\t<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi95.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi96.png\" alt=\"\"\/>                           \u00a0\u00a0\u00a0\u00a0   0range 80                   <\/p>\n<p>\u00a0<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_0701_Week6SS1Fi97.png\" alt=\"\"\/><\/p>\n<p>\u00a0<br \/>\n\u00a0<br \/>\n\u00a0<\/p>\n<ol>\n<li>\n<div>The quantity of bananas consumed by the family (a) 60 (b) 120 (c) 200 (d) 240\n<\/div>\n<\/li>\n<li>\n<div>4. The sum total of mangoes and oranges consumed by the family was (a) 200 (b)         360 (c) 400 (d)  520\n<\/div>\n<\/li>\n<li>\n<div>The quantity of carrots consumed by the family was (a) 200 (b) 360 (c) 400 (d) 520\n<\/div>\n<\/li>\n<li>\n<div>Which of the following tools of economics analysis is used when data contains more than one variable. (a) Graph (b) Symbolical statement (c) Bar chart (d) component bar chart\n<\/div>\n<\/li>\n<\/ol>\n<p>\u00a0<strong>SECTION B<br \/>\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0(a).\u00a0\u00a0\u00a0\u00a0Define \u00a0\u00a0\u00a0\u00a0i. graph ii. Chart  iii. table<br \/>\n  \u00a0\u00a0\u00a0\u00a0(b).\u00a0\u00a0\u00a0\u00a0List four importance of a table?<br \/>\n2.\u00a0\u00a0\u00a0\u00a0(a).\u00a0\u00a0\u00a0\u00a0The daily sales of a department store for one week are as follows:<\/p>\n<div>\n<table>\n<tbody>\n<tr>\n<td>Days\u00a0<\/td>\n<td>Mon\u00a0<\/td>\n<td>Tue\u00a0<\/td>\n<td>Wed\u00a0<\/td>\n<td>Thur\u00a0<\/td>\n<td>Fri\u00a0<\/td>\n<td>Sat\u00a0<\/td>\n<\/tr>\n<tr>\n<td>Sales(N)\u00a0<\/td>\n<td>1970<\/td>\n<td>1000\u00a0<\/td>\n<td>3500\u00a0<\/td>\n<td>2250\u00a0<\/td>\n<td>1000\u00a0<\/td>\n<td>2500\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Present the above data in a bar charts (use a graph)<br \/>\n(b).\u00a0\u00a0\u00a0\u00a0Mrs. Lumi purchased food stuffs as follows:<br \/>\nMeat\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N60<br \/>\nGreen rice\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N40<br \/>\nBeans\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0             N50<br \/>\nYam\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N70<br \/>\nPlantain\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N70<br \/>\nPresent the above information on pie chart <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0WEEK SIX TOOLS OF ECONOMIC ANALYSIS CONTENT Tables or schedules Graphs Bar chart (simple, component&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,170],"tags":[],"class_list":["post-1872","post","type-post","status-publish","format-standard","hentry","category-posts","category-first-term-ss1-economics"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/comments?post=1872"}],"version-history":[{"count":1,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1872\/revisions"}],"predecessor-version":[{"id":1873,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1872\/revisions\/1873"}],"wp:attachment":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/media?parent=1872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/categories?post=1872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/tags?post=1872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}