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Monday, 13 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 956:
(a) What are the sources of government revenue?
(b) How does a government finance its budget deficit?
    View Answer & Explanation
    Question 957:
    The three principal economic unit in any system are
    • A Trade, industry and banking
    • B Workers, consumers and shareholders
    • C Households, firms and governments
    • D Comapnies, industry and plants
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    Question 958:
    The three principal economic unit in any system are
    • A Trade, industry and banking
    • B Workers, consumers and shareholders
    • C Households, firms and governments
    • D Comapnies, industry and plants
    View Answer & Explanation
    Question 959:
    The satisfaction derived from the use of a commodity is its
    • A Demand
    • B Elasticity
    • C Wealth
    • D Utility
    View Answer & Explanation
    Question 960:
    The reward which accrues to labour for participating in production is
    • A Interest
    • B Wage
    • C Bonus
    • D Profit
    View Answer & Explanation