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Economics 2003 WAEC Past Questions

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56

(a) Define the term unemployment.

(b) Highlight the effects of unemployment on an economy. 
 

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57

Write notes on each of the following:
(a) Savings account
(b) Current account
(c) Fixed deposit account. 
 

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58

In what ways is foreign trade different from domestic trade? 
 

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59

(a) Explain the term economic integration.

(b) Highlight any four problems of economic integration in West Africa.
 

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60

(a) What is economic planning?
(b) Outline the problems associated with economic planning in West Africa. 
 

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