Waec Economics Past Questions and Answers

Question 1711:

• WAEC 1996

The daily sales of a department store for one week are as follows

Days	Mon	Tue.	Wed.	Thu.	Fri.	Sat.
Sales N	1750	1000	3500	2250	1000	2500

(a) Present the above data in a bar graph. (The use of graph sheet is essential).
(b) Calculate the average utility curve.

Question 1712:

• WAEC 1996

Explain five sources of finance that are available to a Public Limited Company.

Question 1713:

• WAEC 1996

State any two ways by which monopolistic competition and perfect competition are similar and any three ways in which they are different.

Question 1714:

• WAEC 1996

(a) Explain the methods of measuring the national income of a country
(b) State any three problems associated with measuring national income.

Question 1715:

• WAEC 1996

(a) What is meant by devaluation?
(b) Explain the measures by which a country can correct its balance of payments deficit.