Waec Economics Past Questions and Answers

Question 1296:

• WAEC 2012

A price index as a statistic, measures

A. How the value of money changes over time
B. The volume of currency in the economy
C. The exchange rate of a country's currency
D. The composition of goods and services

Question 1297:

• WAEC 2012

The different between birth rate and death rate is known as

A. Demographic transition
B. Natural growth rate
C. Migration rate
D. Fertility rate

Question 1298:

• WAEC 2012

In open market operations, what the Central Banks sells or buys are

A. Shares
B. Debentures
C. Securities
D. Equities

Question 1299:

• WAEC 2012

The following are reasons for failure of agricultural policies in West Africa except

A. Vague policy statements
B. Negation of polices
C. Creation of agro-service stations
D. Provision of obsolete implements

Question 1300:

• WAEC 2012

A situation in which the estimated government revenue is less than the proposed expenditure for a given year can be described as

A. Surplus budgeting
B. Supplementary budgeting
C. Balanced budgeting
D. Deficit budgeting