Economics 2012 Waec Past Questions and Answers

Question 36 :

• WAEC 2012

When depreciation is deducted from Gross National Product, the result is

A. Total national income
B. Gross domestic product
C. Net national product
D. Net domestic product

Question 37 :

• WAEC 2012

Mr Akpoti has meat and wants maize, while Mr, Adama has maize and wants meat.transation is possible because of

A. Bank deposit
B. Joint demand
C. Scale of preference
D. Double coincidence of wants

Question 38 :

• WAEC 2012

Which of the following is not a form of money?

A. Coins
B. Bank notes
C. Bank balance
D. Bank deposit

Question 39 :

• WAEC 2012

A price index as a statistic, measures

A. How the value of money changes over time
B. The volume of currency in the economy
C. The exchange rate of a country's currency
D. The composition of goods and services

Question 40 :

• WAEC 2012

The different between birth rate and death rate is known as

A. Demographic transition
B. Natural growth rate
C. Migration rate
D. Fertility rate