Waec Economics 2021 Past Questions and Answers

Question 26:

• WAEC 2021

The age distribution of a country's population is shown below. Use the information is answer the question below.

Age group (YEARS)	Population
0 - 1516 - 4041 - 60Over 60	30%45%15%10%

What is the percentage of the working population?

A. 75%
B. 60%
C. 45%
D. 15%

Question 27:

• WAEC 2021

The age distribution of a country's population is shown below. Use the information is answer the question below.

Age group (YEARS)	Population
0 - 1516 - 4041 - 60Over 60	30%45%15%10%

What is the dependency ratio?

A. 2:3
B. 3:2
C. 1:2
D. 6:1

Question 28:

• WAEC 2021

The supply of land for agricultural purpose can be increased through ____________

A. The introduction of mechanized farming
B. Reclamation and irrigation
C. Increase in prices of land
D. Conversion of building sites to farmlands

Question 29:

• WAEC 2021

Non-economic factors that influence the location of firms include ____________

A. The existence of required materials for production
B. Availability of population of buyers
C. Adequate supply of power, good road and rail network
D. The activities of politicians in deciding location of firms

Question 30:

• WAEC 2021

Which of the following is not an argument for the policy of privatization in West Africa?

A. To make businesses more profitable
B. Government is able to participate and control the operation of the privatized businesses
C. Members of the public are able to acquire shares
D. It encourages the inflow of capital and expertise from local and foreign sources