Question 4196:

• WAEC 2021

Non-economic factors that influence the location of firms include ____________

A. The existence of required materials for production
B. Availability of population of buyers
C. Adequate supply of power, good road and rail network
D. The activities of politicians in deciding location of firms

Question 4197:

• WAEC 2021

Which of the following is not an argument for the policy of privatization in West Africa?

A. To make businesses more profitable
B. Government is able to participate and control the operation of the privatized businesses
C. Members of the public are able to acquire shares
D. It encourages the inflow of capital and expertise from local and foreign sources

Question 4198:

• WAEC 2021

Use this data below to answer the question
The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad = $250
Depreciation = $700
Indirect taxes = $120

What is the country's Gross National (GNP)?

A. $ 3.050
B. $ 2.680
C. $ 2,350
D. $2,100

Question 4199:

• WAEC 2021

Use this data below to answer the question
The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad = $250
Depreciation = $700
Indirect taxes = $120

What is the country's Net National Product (NNP) at factor cost?

A. $3.050
B. $2,680
C. $2,230
D. $2.220

Question 4200:

• WAEC 2021

The standard of living in two countries can be compared using the ____________

A. Number of industries in each country
B. Size of their arms and ammunition
C. Size of their national incomes only
D. Gross national product per head