Waec Economics Past Questions and Answers

Question 56:

• WAEC 1989

Data presented in table are usually arranged in

A. Charts and tables
B. Rows and columns
C. Graphs and rows
D. Pictograms and columns
E. Maps and pie charts

Question 57:

• WAEC 1989

which of the following is not a function of money?

A. Store of values
B. Unit of accounts
C. Measures of value
D. Standard for deferred payment
E. Stability in value

Question 58:

• WAEC 1989

Which of the following is not appropriate in calculating national income figures?

A. Output method
B. Income method
C. Expenditure method
D. Value added method
E. Depreciation method

Question 59:

• WAEC 1989

What is the correct term for this group of exports : tractor, televisions, components, drugs and cars?

A. Current account items
B. Visible exports
C. Capital accoutn items
D. Invisible exports
E. Visible imports

Question 60:

• WAEC 1989

the indicator of the value of money in the market is the

A. The general price level
B. Effective supply
C. The equilibrium price
D. Effective demand
E. Consumer income