by Sunday | Aug 1 | Economics WAEC
A. run a budget surplus B. run a budget deficit C. run a balanced budget D. borrow more money Correct Answer: Option B – run a budget deficit Explanation In a period of rapid economic growth, demand in the economy could be growing faster than its capacity can...
by Sunday | Aug 1 | Economics WAEC
A. elasticity of demand for the good B. proportion of the consumer’s income spent on the good C. elasticities of demand and supply of the commodity D. availability of substitutes for the commodity Correct Answer: Option A – elasticity of demand for the...
by Sunday | Aug 1 | Economics WAEC
A. investment opportunities for foreign investors B. an increase in the level of aggregate demand C. an increase in total tax revenue D. reduction in total tax revenue Correct Answer: Option B – an increase in the level of aggregate...
by Sunday | Aug 1 | Economics WAEC
A. supply of money has decreased B. liquidity preference has increased C. market rate of interest has risen D. market rate of interest has fallen Correct Answer: Option C – market rate of interest has risen
by Sunday | Aug 1 | Economics WAEC
A. high rate of population growth and low rate of economic growth B. high rate of economic growth and low rate of population growth C. high rate of population growth and high rate of economic growth D. low rate of population growth and low rate of economic growth...
by Sunday | Aug 1 | Economics WAEC
A. the generation of employment B. the alleviation of poverty C. agricultural and industrial development D. economic emancipation of women Correct Answer: Option D – economic emancipation of women