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Economics Past Questions and Answers

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Waec Economics Questions

Question 56:

Data presented in table are usually arranged in

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A Charts and tables
B Rows and columns
C Graphs and rows
D Pictograms and columns
E Maps and pie charts

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Question 57:

which of the following is not a function of money?

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A Store of values
B Unit of accounts
C Measures of value
D Standard for deferred payment
E Stability in value

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Question 58:

Which of the following is not appropriate in calculating national income figures?

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A Output method
B Income method
C Expenditure method
D Value added method
E Depreciation method

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Question 59:

What is the correct term for this group of exports : tractor, televisions, components, drugs and cars?

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A Current account items
B Visible exports
C Capital accoutn items
D Invisible exports
E Visible imports

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Question 60:

the indicator of the value of money in the market is the

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A The general price level
B Effective supply
C The equilibrium price
D Effective demand
E Consumer income

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