Waec Economics Past Questions and Answers

Question 1576:

• WAEC 2017

which of the following is a threat to the existence of middlemen

A. Consumers cooperative society
B. Producers cooperative society
C. Sales agents
D. Large scale producers

Question 1577:

• WAEC 2017

in an industrial area, the location of industries is particularly influenced by ?

A. Extent of the division of labour
B. External economies
C. Internal economies
D. Nearness to financial institution

Question 1578:

• WAEC 2017

which of the following is a transfer income

A. Dividends
B. Rent
C. Pensions
D. Interest

Question 1579:

• WAEC 2017

the value added method used in measuring national income is to

A. Measure output at factor cost
B. Avoid multiple counting of output
C. Deduct depreciation of capital assets
D. Add net factor income from abroad

Question 1580:

• WAEC 2017

which of the following is most likely to be of benefit to a debtor

A. Inflation
B. Deflation
C. Revaluation
D. Monetization