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Monday, 13 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 936:
In a rapidly growing economy, a change in technology which is labour saving is likely to cause
  • A Residual unemployment
  • B Structural unemployment
  • C Disguised unemployment
  • D Frictional unemployment
View Answer & Explanation
Question 937:
which of the following is a form of tax evasion?
  • A Wrong declaration of earnings
  • B Payment of flat rate tax
  • C Constant change of employment
  • D Low capacity utilization
View Answer & Explanation
Question 938:
where the burden of a tax finally rests is called
  • A Tax object
  • B Tax rate
  • C Incidence of taxation
  • D System of taxation
View Answer & Explanation
Question 939:
An increase in the quantity of goods and services produced in a country which raises her national income is known as
  • A Economic development
  • B Economic growth
  • C Domestic investment
  • D Productivity
View Answer & Explanation
Question 940:
The formula index of export prices/index of import prices * 100
is used to measure the
  • A Volume of trade between countries
  • B Direction of internatrional trade
  • C Commodity terms of trade
  • D Volume of imports
View Answer & Explanation