Waec Economics Past Questions and Answers

Question 1601:

• WAEC 2017

(a) Define inflation.
(b) Identify any three causes of: (i) demand-pull inflation; (ii) cost-push inflation .

Question 1602:

• WAEC 2017

(a) What is economic development?
(b) State three features of a developing country.
(c) Explain any four factors that can speed up the economic development of your country.

Question 1603:

• WAEC 2018

Economic problem arise in all society because?

A. Resources are mismanaged by leaders
B. There is no proper planning
C. Resources are not in adequate supply
D. The services of economist are not employed

Question 1604:

• WAEC 2018

Economic problem arise in all society because?

A. Resources are mismanaged by leaders
B. There is no proper planning
C. Resources are not in adequate supply
D. The services of economist are not employed

Question 1605:

• WAEC 2018

which of the following is not emphasized in a production possibility curve

A. Scarcity of resources
B. Economic development
C. Inefficiency in the use of resources
D. Unemployment of labour