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Monday, 04 May 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1111:
The population density of town Y made up of 50 square kilometre land area and 100 million people is
  • A 50,000 people per square kilometre
  • B 0.2 million people per square kilometre
  • C 0.5 million people per square kilometre
  • D 2 million people per square kilometre
View Answer & Explanation
Question 1112:
manufacturing involves the process of
  • A Making goods available
  • B Providing finished products
  • C Changing items to new states
  • D Producing capital goods only
View Answer & Explanation
Question 1113:
disposable income is total income
  • A Less tax
  • B Divided by tax
  • C Plus tax
  • D Multiplied by tax
View Answer & Explanation
Question 1114:
Use the information below to answer these questions
Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The Gross National Product is equal to
  • A $40,000
  • B $50,000
  • C $105,000
  • D $125,000
View Answer & Explanation
Question 1115:
Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The National Income is equal to
  • A $45,000
  • B $60,000
  • C $65,000
  • D $195,000
View Answer & Explanation