Waec Economics 2009 Past Questions and Answers

Question 31:

• WAEC 2009

what is the effect of pursuit of higher education on the size of labour force?

A. It makes labour force to be defective
B. It brings higher wage rate
C. It increases the size of labour force
D. It reduces the size of labour force

Question 32:

• WAEC 2009

The population density of town Y made up of 50 square kilometre land area and 100 million people is

A. 50,000 people per square kilometre
B. 0.2 million people per square kilometre
C. 0.5 million people per square kilometre
D. 2 million people per square kilometre

Question 33:

• WAEC 2009

manufacturing involves the process of

A. Making goods available
B. Providing finished products
C. Changing items to new states
D. Producing capital goods only

Question 34:

• WAEC 2009

disposable income is total income

A. Less tax
B. Divided by tax
C. Plus tax
D. Multiplied by tax

Question 35:

• WAEC 2009

Use the information below to answer these questions
Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The Gross National Product is equal to

A. $40,000
B. $50,000
C. $105,000
D. $125,000