Waec Economics Past Questions and Answers

Question 1116:

• WAEC 2009

Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The Net Domestic Product is

A. $55,000
B. $60,000
C. $140,000
D. $165,000

Question 1117:

• WAEC 2009

which of the following is specialized in lending money for the purpose of developing real estate?

A. Merchant banks
B. Mortgage banks
C. Discount houses
D. Commercial banks

Question 1118:

• WAEC 2009

The marketing of government security by the Central Bank is termed

A. Retail banking
B. Open market operation
C. Selective credit control
D. Credit creation

Question 1119:

• WAEC 2009

which of the following serves as a banker's bank?

A. Commercial banks
B. The Mortgage Bank
C. The Central Bank
D. Development Bank

Question 1120:

• WAEC 2009

The tax imposed on good manufacture within a country is

A. An excise tax
B. A capital gain tax
C. Profit tax
D. A sales tax