by Sunday | Aug 5 | Economics WAEC
A. ratio of import to export B. ratio of export multiplied by import C. ratio of export to import D. ratio of export multiplied by price ratio of import E. of export minus price of import Correct Answer: Option C – ratio of export to...
by Sunday | Aug 5 | Economics WAEC
A. Gross Domestic Product (GDP) less depreciation B. Gross National Products (GNP) less depreciation C. Gross Domestic Products (GDP) plus depreciation D. Gross National Products (GNP) plus depreciation E. Gross National Income plus Taxation Correct Answer: Option B...
by Sunday | Aug 5 | Economics WAEC
A. products of income and expenditure B. Curves of savings and expenditure C. Ratio of change in income to the expenditure that brought it about D. Constant level of income E. Equality of marginal propensity to consume and save Correct Answer: Option C – Ratio...
by Sunday | Aug 5 | Economics WAEC
A. an indirect tax B. a progressive tax C. a regressive tax D. a direct tax E. a proportional tax Correct Answer: Option B – a progressive tax
by Sunday | Aug 5 | Economics WAEC
A. its face value B. what it can buy at a particular time C. its rate of exchange with other currencies D. its intrinsic worth E. its rate of circulation Correct Answer: Option B – what it can buy at a particular time