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Economics 1995 WAEC Past Questions

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31
Net National Product (NNP) is equal to the
  • A. Gross Domestic Product (GDP) less depreciation
  • B. Gross National Products (GNP) less depreciation
  • C. Gross Domestic Products (GDP) plus depreciation
  • D. Gross National Products (GNP) plus depreciation
  • E. Gross National Income plus Taxation
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32
Terms of trade simply means the price
  • A. ratio of import to export
  • B. ratio of export multiplied by import
  • C. ratio of export to import
  • D. ratio of export multiplied by price ratio of import
  • E. of export minus price of import
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33
Balance of trade can be define as
  • A. the value of import in relation to the value of a country's exports
  • B. the price ratio of imports as against that of exports
  • C. equality in the total receipts and payments of a country in a year
  • D. percentage value of imports over percentage value of exports
  • E. price of exports versus price of imports
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34
Which of the following is not a feature of a perfect market?
  • A. large number of buyersand sellers
  • B. Homogeneity of products
  • C. Preferential treatment
  • D. Absence of transport cost
  • E. Perfect knowledge of market situation
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35
Which of the following is the source of raising funds for a public limited liability company in West Africa?
  • A. Bank loans
  • B. issue of shares
  • C. issue of debentures
  • D. ploughing back profits
  • E. Sales of bonds
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