Economics 2017 Waec Past Questions and Answers

Question 31 :

• WAEC 2017

which of the following is a threat to the existence of middlemen

A. Consumers cooperative society
B. Producers cooperative society
C. Sales agents
D. Large scale producers

Question 32 :

• WAEC 2017

in an industrial area, the location of industries is particularly influenced by ?

A. Extent of the division of labour
B. External economies
C. Internal economies
D. Nearness to financial institution

Question 33 :

• WAEC 2017

which of the following is a transfer income

A. Dividends
B. Rent
C. Pensions
D. Interest

Question 34 :

• WAEC 2017

the value added method used in measuring national income is to

A. Measure output at factor cost
B. Avoid multiple counting of output
C. Deduct depreciation of capital assets
D. Add net factor income from abroad

Question 35 :

• WAEC 2017

which of the following is most likely to be of benefit to a debtor

A. Inflation
B. Deflation
C. Revaluation
D. Monetization