Waec Economics 2007 Past Questions and Answers

Question 36:

• WAEC 2007

Which of the following is an example of direct tax?

A. Import duties
B. Income tax
C. Export duties
D. Purchase tax

Question 37:

• WAEC 2007

Monetary control measure are coordinated by

A. Development banks
B. Merchant banks
C. Comercial banks
D. The central banks

Question 38:

• WAEC 2007

A country whose economy is buoyant is likely to have

A. A weak currency
B. Devaluation from time to time
C. A strong currency
D. Balance of payment problem

Question 39:

• WAEC 2007

The Net National Product (NNP) is Gross National Product (GNP) less

A. Domestic product
B. Foreign product
C. Depreciation
D. Investment

Question 40:

• WAEC 2007

If the population of a country is low and the Gross National Product is high, the per capita income will be

A. High
B. Low
C. Average
D. Unitary