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Economics Past Questions and Answers

Waec Economics Questions

Question 1121:

Government expenditure on the construction of roads and bridges is

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A Recurrent expenditure
B Capital expenditure
C Supplementary expenditure
D Variable expenditure

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Question 1122:

Fiscal policy is associated with

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A Taxation and government expenditure
B Re-structuring of the banks
C Injection of more money into the economy
D Reduction in economic activities

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Question 1123:

The need for development planning arises largely from the fact that

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A Aggregate savings exceeds aggregate consumption
B Aggregate consumption equals aggregate savings
C Productive resource are in excess of the demand for them
D Productive resource are scarce relative to the demand for them

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Question 1124:

Economic development is reflected in the

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A Scarcity of capital
B Increase in the price level
C Decline in the agricultural production
D Increase in productive capacity

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Question 1125:

Terms of trade may be define as the

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A Trade between one country and another
B Relationship between country's receipt from others and payment to others
C Rate at which a country's export exchange for imports
D Different between the value of export and imports

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