Waec Economics 2009 Past Questions and Answers

Question 41:

• WAEC 2009

The tax imposed on good manufacture within a country is

A. An excise tax
B. A capital gain tax
C. Profit tax
D. A sales tax

Question 42:

• WAEC 2009

Government expenditure on the construction of roads and bridges is

A. Recurrent expenditure
B. Capital expenditure
C. Supplementary expenditure
D. Variable expenditure

Question 43:

• WAEC 2009

Fiscal policy is associated with

A. Taxation and government expenditure
B. Re-structuring of the banks
C. Injection of more money into the economy
D. Reduction in economic activities

Question 44:

• WAEC 2009

The need for development planning arises largely from the fact that

A. Aggregate savings exceeds aggregate consumption
B. Aggregate consumption equals aggregate savings
C. Productive resource are in excess of the demand for them
D. Productive resource are scarce relative to the demand for them

Question 45:

• WAEC 2009

Economic development is reflected in the

A. Scarcity of capital
B. Increase in the price level
C. Decline in the agricultural production
D. Increase in productive capacity