Waec Economics 2009 Past Questions and Answers

Question 36:

• WAEC 2009

Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The National Income is equal to

A. $45,000
B. $60,000
C. $65,000
D. $195,000

Question 37:

• WAEC 2009

Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The Net Domestic Product is

A. $55,000
B. $60,000
C. $140,000
D. $165,000

Question 38:

• WAEC 2009

which of the following is specialized in lending money for the purpose of developing real estate?

A. Merchant banks
B. Mortgage banks
C. Discount houses
D. Commercial banks

Question 39:

• WAEC 2009

The marketing of government security by the Central Bank is termed

A. Retail banking
B. Open market operation
C. Selective credit control
D. Credit creation

Question 40:

• WAEC 2009

which of the following serves as a banker's bank?

A. Commercial banks
B. The Mortgage Bank
C. The Central Bank
D. Development Bank