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Economics Past Questions and Answers
Classroom
Waec
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Question type:
Question type
Objective
Theory
Topics:
Topics
Waec Economics Questions
Question 1051:
WAEC 2008
The national income off a country can be estimated through the
SchoolNGR Classroom
A
Output approach
B
Input approach
C
Empirical approach
D
Census approach
View Answer & Explanation
Question 1052:
WAEC 2008
A medium of exchange which is generally acceptable is
SchoolNGR Classroom
A
Bater
B
A cheque
C
Government bond
D
Money
View Answer & Explanation
Question 1053:
WAEC 2008
Since money is demanded for what it can buy, the demand is said to be
SchoolNGR Classroom
A
Derived
B
Joint
C
Composite
D
Complementary
View Answer & Explanation
Question 1054:
WAEC 2008
The supply of money in the economy includes
SchoolNGR Classroom
A
Bank notes only
B
Bank note and coins
C
Bank notes and bank deposits
D
Bank notes, coins and bank deposits
View Answer & Explanation
Question 1055:
WAEC 2008
A continuous fall in the general price level is called
SchoolNGR Classroom
A
Recession
B
Depression
C
Deflation
D
Stagflation
View Answer & Explanation
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