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1776
The situation whereby government revenue is less than government expenditure is referred to as
  • A. budget deficit
  • B. balanced budget
  • C. budget surplus
  • D. budget statement
  • E. unfavourable budget
View Answer & Discuss WAEC 1997
1777
which of the following will not increase the population of a country?
  • A. an increase in birth rate
  • B. a decrease in death rate
  • C. better medical services
  • D. immigration
  • E. Emigration
View Answer & Discuss (2) WAEC 1997
1778
the actual output of an economy is the output
  • A. which would exist if al resources were fully employed
  • B. produced by currently employed labour capital and land
  • C. produced in the consumer goods sector
  • D. produced in the capital goods sector
  • E. produced by agriculture sector
View Answer & Discuss WAEC 1997
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1779
one of the instruments of protection of infants industries is the
  • A. price control board
  • B. open market operation
  • C. tarrif
  • D. GDP-deflator
  • E. multiplier
View Answer & Discuss WAEC 1997
1780
inflation caused by increase in demand can be curbed by
  • A. exporting more goods and services
  • B. hoarding of goods
  • C. increasing the level of output
  • D. increasing the level of money supply
  • E. reducing importation
View Answer & Discuss WAEC 1997
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