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Tuesday, 14 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 991:
If tax takes a large proportion of the income of people with lower income, the tax is
  • A Progressive
  • B Proportional
  • C Regressive
  • D Investment
View Answer & Explanation
Question 992:
Which of the following is an example of direct tax?
  • A Import duties
  • B Income tax
  • C Export duties
  • D Purchase tax
View Answer & Explanation
Question 993:
Monetary control measure are coordinated by
  • A Development banks
  • B Merchant banks
  • C Comercial banks
  • D The central banks
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Question 994:
A country whose economy is buoyant is likely to have
  • A A weak currency
  • B Devaluation from time to time
  • C A strong currency
  • D Balance of payment problem
View Answer & Explanation
Question 995:
The Net National Product (NNP) is Gross National Product (GNP) less
  • A Domestic product
  • B Foreign product
  • C Depreciation
  • D Investment
View Answer & Explanation