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Wednesday, 06 May 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1871:
The age distribution of a country's population is shown below. Use the information is answer the question below.
Age group (YEARS) Population
0 - 1516 - 4041 - 60Over 60 30%45%15%10%



What is the percentage of the working population?
  • A 75%
  • B 60%
  • C 45%
  • D 15%
View Answer & Explanation
Question 1872:
The age distribution of a country's population is shown below. Use the information is answer the question below.
Age group (YEARS) Population
0 - 1516 - 4041 - 60Over 60 30%45%15%10%



What is the dependency ratio?
  • A 2:3
  • B 3:2
  • C 1:2
  • D 6:1
View Answer & Explanation
Question 1873:
The supply of land for agricultural purpose can be increased through ____________
  • A The introduction of mechanized farming
  • B Reclamation and irrigation
  • C Increase in prices of land
  • D Conversion of building sites to farmlands
View Answer & Explanation
Question 1874:
Non-economic factors that influence the location of firms include ____________
  • A The existence of required materials for production
  • B Availability of population of buyers
  • C Adequate supply of power, good road and rail network
  • D The activities of politicians in deciding location of firms
View Answer & Explanation
Question 1875:
Which of the following is not an argument for the policy of privatization in West Africa?
  • A To make businesses more profitable
  • B Government is able to participate and control the operation of the privatized businesses
  • C Members of the public are able to acquire shares
  • D It encourages the inflow of capital and expertise from local and foreign sources
View Answer & Explanation