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Economics Past Questions and Answers
Classroom
Economics Questions
Question 3636:
WAEC 2017
which of the following is a transfer income
SchoolNGR Classroom
A
Dividends
B
Rent
C
Pensions
D
Interest
View Answer & Explanation
Question 3637:
WAEC 2017
the value added method used in measuring national income is to
SchoolNGR Classroom
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
View Answer & Explanation
Question 3638:
WAEC 2017
which of the following is most likely to be of benefit to a debtor
SchoolNGR Classroom
A
Inflation
B
Deflation
C
Revaluation
D
Monetization
View Answer & Explanation
Question 3639:
WAEC 2017
A measure of the value of money in an economy is the
SchoolNGR Classroom
A
Size of workers
B
General price
C
Total level of savings
D
Total amount of loans granted by the banks
View Answer & Explanation
Question 3640:
WAEC 2017
one characteristic of money is that it should be?
SchoolNGR Classroom
A
A standard of differed payment
B
Stable in value
C
Store of value
D
Acceptance by the central bank
View Answer & Explanation
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