Waec Economics Past Questions and Answers

Question 816:

• WAEC 2004

A policy by which government restrict the amount of foreign currencies bought and sold is known as

A. Devaluation
B. Credit creation
C. Exchanging control
D. Export promotion

Question 817:

• WAEC 2004

which of the following item is under the capital account of a balance of payment?

A. Repayment of foreign loans
B. Visible imports
C. Invisble exports
D. Cocoa exports

Question 818:

• WAEC 2004

A surplus in the balance of payment should be used to

A. Subsidized multinational companies
B. Build infracstructures for friendly nations
C. Make donations to developed countries
D. Buy investment overseas

Question 819:

• WAEC 2004

Development planning which take an overall view of the economy is described as

A. Aggregate economic planning
B. Disaggregate economic planning
C. Sectorial economic planning
D. System economic planning

Question 820:

• WAEC 2004

The national income of a country can be estimated by the

A. Cost-benefit method
B. Distribution method
C. Expenditure method
D. Consumption method