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Monday, 04 May 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1116:
Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The Net Domestic Product is
  • A $55,000
  • B $60,000
  • C $140,000
  • D $165,000
View Answer & Explanation
Question 1117:
which of the following is specialized in lending money for the purpose of developing real estate?
  • A Merchant banks
  • B Mortgage banks
  • C Discount houses
  • D Commercial banks
View Answer & Explanation
Question 1118:
The marketing of government security by the Central Bank is termed
  • A Retail banking
  • B Open market operation
  • C Selective credit control
  • D Credit creation
View Answer & Explanation
Question 1119:
which of the following serves as a banker's bank?
  • A Commercial banks
  • B The Mortgage Bank
  • C The Central Bank
  • D Development Bank
View Answer & Explanation
Question 1120:
The tax imposed on good manufacture within a country is
  • A An excise tax
  • B A capital gain tax
  • C Profit tax
  • D A sales tax
View Answer & Explanation