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Waec Economics 2003 Past Questions and Answers

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Waec 2003 Economics Past Questions

Question 56:


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




Question 57:


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




Question 58:


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




Question 59:


In what ways is foreign trade different from domestic trade?




Question 60:


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








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