Economics 2010 Waec Past Questions and Answers

Question 26 :

• WAEC 2010

The role of government in promoting agricultural development includes the following except

A. Paying the wages of farmers
B. Establishing and funding research
C. Formulation of policies
D. Provision of rural infrastructures

Question 27 :

• WAEC 2010

The following are advantages of large scale agriculture except

A. Use of simple implements
B. Use of sophisticated implements
C. Increase in employment
D. Integration of crops and animal farming

Question 28 :

• WAEC 2010

The following are all factors determining the location of industry except

A. Minimum wage rate
B. Availability of labour
C. Nearness of raw materials
D. Proximity to the market

Question 29 :

• WAEC 2010

Which of the following is not a concept in National Income Accounting?

A. Domestic National Products (DNP)
B. Gross National Product (GNP)
C. Gross Domestic Product (GDP)
D. Net Domestic Product (NDP)

Question 30 :

• WAEC 2010

Which of the following equation is appropriate for determining the Net Domestic Product (NDP)?

A. NDP = GNP - depreciation
B. NDP = GDP + Net Income from abroad
C. NDP = GDP - depreciation
D. NDP = GDP * Net Income from abroad