Waec Economics Past Questions and Answers

Question 1821:

• WAEC 2020

Inflation may occur if ____________

A. Rate of productivity is higher than the wage rate
B. Prices fluctuate during a particular season of the year
C. Wage increase is granted without an increase in productivity
D. The government embarks on restrictive monetary policies

Question 1822:

• WAEC 2020

Money would cease to be a good store of value when ____________

A. Prices of goods and services are falling slowly
B. There is a high level of unemployment
C. Prices of goods and services are rising rapidly
D. Prices of go0ds and services are rising slowing

Question 1823:

• WAEC 2020

Which of the following factors may lead to the underestimation of national income figures?

A. Availability of skilled statisticians
B. High Volume of exports
C. Emigration of skilled workers to foreign countries
D. Subsistence production

Question 1824:

• WAEC 2020

Governments in West Africa can curtail inflation by ____________

A. Purchasing securities in the open market
B. Selling securities in the open market
C. Encouraging importation of goods from all countries
D. Encouraging banks to lend for

Question 1825:

• WAEC 2020

The central bank Can reduce the ability of commercial banks to give out loans by ____________

A. Raising the bank rates
B. Reducing special deposits
C. Reducing the liquidity ratio
D. Issuing more currency