Economics WAEC - Page 122 of 319

Which of the following classes of goods accounts for largest proportion of Nigeria’s imports?

A. Food and animal products B. Consumers goods C. Chemicals D. Machinery and transport equipment Correct Answer: Option D – Machinery and transport equipment

The most important factor ensuring economic development is the?

by Sunday | Aug 2 | Economics WAEC

A. effective mobilization of domestic savings B. presence of foreign capital C. formulation of appropriate government policies D. attraction of foreign aids and grants Correct Answer: Option C – formulation of appropriate government...

The major determinant of the total volume of output in an economy is the?

by Sunday | Aug 2 | Economics WAEC

A. level of wholesale prices B. size of the labour force C. level of total expenditure D. composition of consumer spending Correct Answer: Option C – level of total expenditure

Privatization of government-owned companies means the?

by Sunday | Aug 2 | Economics WAEC

A. relinquishing of government equality participation to private individuals B. recapitalization of distressed government-owned companies C. joint participation of government and private individuals D. commercialization and deregulation of the economy Correct Answer:...

The total money values of all goods and services produced in a country during a certain period is measured by using the?

by Sunday | Aug 2 | Economics WAEC

A. income method B. expenditure method C. output method D. factor method Correct Answer: Option C – output method

If the marginal propensity to consume is 0.75 and private investment increases by N10 billion while government expenditure decreases by N15 billion, GDP will decrease by?

by Sunday | Aug 2 | Economics WAEC

A. N12 billion B. N15 billion C. N20 billion D. N25 billion Correct Answer: Option D – N25 billion

Which of the following classes of goods accounts for largest proportion of Nigeria’s imports?

The most important factor ensuring economic development is the?

The major determinant of the total volume of output in an economy is the?

Privatization of government-owned companies means the?

The total money values of all goods and services produced in a country during a certain period is measured by using the?

If the marginal propensity to consume is 0.75 and private investment increases by N10 billion while government expenditure decreases by N15 billion, GDP will decrease by?

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