by Sunday | Jan 7 | Economics WAEC
A. banks only B. discount houses only C. banks and discount houses D. banks, discount houses and stock, exchanges Correct Answer: Option C C. banks and discount houses Explanation The money supply consists of M¹ and M³. M³ is a measure in money supply. M³; This is M¹...
by Sunday | Jan 7 | Economics WAEC
A. Arithmetic mean B. Harmonic mean C. Range D. Geometric mean Correct Answer: Option C C. Range Explanation The measure of central tendency also known as measure of location are = mean (Arithmetic mean), median, mode, geometric mean and Harmonic...
by Sunday | Jan 7 | Economics WAEC
A. 70 B. 47 C. 74 D. 40 Correct Answer: Option C C. 74 Explanation Qd = 80 – 2P When P = 3 Qd = 80 – 2(3) Qd = 80 – 6 Qd = 74
by Sunday | Jan 7 | Economics WAEC
Use the following information given to answer this question Total of all expenditure incurred during the year ₤ 80,000m Indirect taxes on goods and services ₤ 8,000m Capital consumption ₤ 6,000m Gross national expenditure at factor cost is_________? A. ₤ 88,000μ B. ₤...
by Sunday | Jan 7 | Economics WAEC
Use the following information given to answer this question Total of all expenditure incurred during the year ₤ 80,000m Indirect taxes on goods and services ₤ 8,000m Capital consumption ₤ 6,000m National income is__________ A. ₤ 74,000m B. ₤ 66,000m C. ₤ 60,000m D. ₤...
by Sunday | Jan 7 | Economics WAEC
A. a negative slope B. a positive slope C. a backward sloping supply curve D. short-run supply curve Correct Answer: Option B B. a positive slope Explanation A supply curve shows a graphical illustration or diagrammatic representation of a supply schedule and slopes...