Search SchoolNGR

Economics Past Questions and Answers

Waec Economics Questions

Question 1236:

The production strategy used in an over-populated country is

SchoolNGR Classroom

A Import substitution
B Capital intensive
C Labour intensive
D First come first employed

View Answer & Explanation

Question 1237:

National income is used to measure

SchoolNGR Classroom

A A country's population size
B A country's economic growth
C The human level of development
D The flow of imports to a country

View Answer & Explanation

Question 1238:

A tax is regressive if the

SchoolNGR Classroom

A Rate of tax is constant at all income levels
B Rate of tax decrease as income increases
C Rate of tax increases as income increases
D Tax is direct rather than indirect

View Answer & Explanation

Question 1239:

When a country's net income from abroad is added to its total output, the result is

SchoolNGR Classroom

A Gross domestic product
B Net national product
C Gross national product
D Net domestic product

View Answer & Explanation

Question 1240:

A fall in national output will necessitate

SchoolNGR Classroom

A A rise in expenditure on imports
B A rise in the level of savings
C An increase in the consumption of expenditure
D A rise in the standard of living

View Answer & Explanation

Stay Updated

Follow us on:

Subjects