by Sunday | Aug 1 | Economics WAEC
A. poor pay relatively more B. tax rate falls as the tax base increases C. tax rate increases as the tax base increases D. average and marginal rate of tax will be the same E. rich and the poor pay the same amount as tax Correct Answer: Option C – tax rate...
by Sunday | Aug 1 | Economics WAEC
A. an increase in marginal propensity to consume B. a decrease in the level of consumption C. an immediate decrease in the net national income D. an increase in the level of consumption E. a decrease in the level of savings Correct Answer: Option B – a decrease...
by Sunday | Aug 1 | Economics WAEC
A. income B. investment C. savings D. profits E. interest Correct Answer: Option B – investment
by Sunday | Aug 1 | Economics WAEC
A. size of the active population B. taste of the consumers C. Number of registered trade unions D. Credit-worthiness of the neighbouring countries E. Regularity of payment of national debt Correct Answer: Option A – size of the active...
by Sunday | Aug 1 | Economics WAEC
A. finance development projects in Africa B. enhance financial transaction among members countries C. provide technical assistance to members countries D. stabilize price in developing countries E. service the debts of the African Countries Correct Answer: Option B...
by Sunday | Aug 1 | Economics WAEC
A. giving drafts to customers B. printing more money C. lending our deposits to borrowers D. issuing cheques E. depositing exes cash in the trills Correct Answer: Option C – lending our deposits to borrowers