Waec Economics Past Questions and Answers

Question 756:

• WAEC 2003

The most common index for measuring developments is

A. The level of illiteracy
B. The per capita income
C. Nutritional level
D. Population growth rate

Question 757:

• WAEC 2003

Government of West African countries levy taxes to

A. Prevent prices from falling
B. Make people richer
C. Limit the number of banks
D. Finance government projects

Question 758:

• WAEC 2003

Which of the following is a direct tax?

A. Import duties
B. Purchase tax
C. Export duties
D. Personal income tax

Question 759:

• WAEC 2003

The tax whose rate increase as the level of income increases is known as

A. Regressive tax
B. Proportional tax
C. Progressive tax
D. Company tax

Question 760:

• WAEC 2003

Public expenditure on on education and health is known as expenditure on

A. General services
B. Social services
C. Commercial services
D. Economic services