by Sunday | Nov 8 | Economics WAEC
A. includes income of foreigners B. includes income of citizens C. includes depreciation D. excludes depreciation Correct Answer: Option B B. includes income of citizens Explanation In national income accounting, net national income (NNI) is net national product (NNP)...
by Sunday | Nov 8 | Economics WAEC
A. availability of raw material B. existence of other firms C. nearness to the source of money supply D. government policy Correct Answer: Option B B. existence of other firms Explanation Industrial locations are complex in nature. These are influenced by the...
by Sunday | Nov 8 | Economics WAEC
A. depreciation B. transfer payment C. net income from abroad D. direct taxes Correct Answer: Option C C. net income from abroad Explanation The most important distinguishing point between these two is that while we calculate GDP, we take into consideration whatever...
by Sunday | Nov 8 | Economics WAEC
A. company is making a higher profit B. productivity of workers has increased C. members of the union have high qualifications D. commodity produced by the workers is very essential Correct Answer: Option C C. members of the union have high...
by Sunday | Nov 8 | Economics WAEC
A. industrial labour mobility B. horizontal occupational mobility C. vertical occupational mobility D. geographical mobility Correct Answer: Option C C. vertical occupational mobility Explanation When a worker of a lower grade and status in an occupation moves to...
by Sunday | Nov 8 | Economics WAEC
A. farmers are not capable of producing cash crops B. it does not provide income to farmers with large families C. farmers find it difficult getting help from financial institutions D. it is not the only source of raw materials for agro-based industries Correct...