Economics 2003 Waec Past Questions and Answers

Question 56 :

• WAEC 2003

(a) Distinguish between cost-push inflation and demand pull inflation.
(b) Explain any four ways of controlling inflation.

Question 57 :

• WAEC 2003

(a) Define the term unemployment.
(b) Highlight the effects of unemployment on an economy.

Question 58 :

• WAEC 2003

Write notes on each of the following:
(a) Savings account
(b) Current account
(c) Fixed deposit account.

Question 59 :

• WAEC 2003

In what ways is foreign trade different from domestic trade?

Question 60 :

• WAEC 2003

(a) Explain the term economic integration.
(b) Highlight any four problems of economic integration in West Africa.