Economics 2006 Waec Past Questions and Answers

Question 41 :

• WAEC 2006

In a rapidly growing economy, a change in technology which is labour saving is likely to cause

A. Residual unemployment
B. Structural unemployment
C. Disguised unemployment
D. Frictional unemployment

Question 42 :

• WAEC 2006

which of the following is a form of tax evasion?

A. Wrong declaration of earnings
B. Payment of flat rate tax
C. Constant change of employment
D. Low capacity utilization

Question 43 :

• WAEC 2006

where the burden of a tax finally rests is called

A. Tax object
B. Tax rate
C. Incidence of taxation
D. System of taxation

Question 44 :

• WAEC 2006

An increase in the quantity of goods and services produced in a country which raises her national income is known as

A. Economic development
B. Economic growth
C. Domestic investment
D. Productivity

Question 45 :

• WAEC 2006

The formula index of export prices/index of import prices * 100
is used to measure the

A. Volume of trade between countries
B. Direction of internatrional trade
C. Commodity terms of trade
D. Volume of imports