by Sunday | Nov 7 | Economics WAEC
A. consumption of fixed capital B. indirect business tax C. net factor income from abroad D. public transfer payment Correct Answer: Option C C. net factor income from abroad Explanation The main difference is that GNP (Gross National Product) takes into account net...
by Sunday | Nov 7 | Economics WAEC
A. consumption of fixed capital B. indirect business tax C. net factor income from abroad D. public transfer payment Correct Answer: Option C C. net factor income from abroad Explanation The main difference is that GNP (Gross National Product) takes into account net...
by Sunday | Nov 7 | Economics WAEC
A. intermediate goods are counted twice B. intermediate goods are counted with the final goods C. final goods are counted more than twice D. different people count the products Correct Answer: Option B B. intermediate goods are counted with the final goods Explanation...
by Sunday | Nov 7 | Economics WAEC
A. enable the firm to enjoy existing infrastructural facilities B. make finance readily available C. enhance even or balanced development D. make such firm enjoy external economies of scale Correct Answer: Option C Explanation – It will be easier for the firm to...
by Sunday | Nov 7 | Economics WAEC
A. Small population size B. small sizes of market places C. instability in political and industrial policies D. lack of manpower needed to work in industries Correct Answer: Option C C. instability in political and industrial policies Explanation Instability in...
by Sunday | Nov 7 | Economics WAEC
A. encouraging a communal system of land ownership B. adopting policies that will encourage rural-urban migration C. provision of subsidies on equipment D. Restrictive lending policies by banks Correct Answer: Option C C. provision of subsidies on equipment...