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Thursday, 30 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1291:
If Y = income, C = Consumption, I = Investment, X = Export and M = Import, then national income is
  • A Y = C - I + (x +m0
  • B Y = C + I + (x + m)
  • C Y = C +I +(X - M)
  • D Y =C + I + (m - x)
View Answer & Explanation
Question 1292:
The national income is the
  • A Gross Domestic Product at market prices
  • B Gross National product at factor cost
  • C Net National Product at factor cost
  • D Net National Product at market prices
View Answer & Explanation
Question 1293:
When depreciation is deducted from Gross National Product, the result is
  • A Total national income
  • B Gross domestic product
  • C Net national product
  • D Net domestic product
View Answer & Explanation
Question 1294:
Mr Akpoti has meat and wants maize, while Mr, Adama has maize and wants meat.transation is possible because of
  • A Bank deposit
  • B Joint demand
  • C Scale of preference
  • D Double coincidence of wants
View Answer & Explanation
Question 1295:
Which of the following is not a form of money?
  • A Coins
  • B Bank notes
  • C Bank balance
  • D Bank deposit
View Answer & Explanation