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Economics 2003 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
41
Which of the following is a direct tax?
  • A. import duties
  • B. purchase tax
  • C. export duties
  • D. personal income tax
View Answer & Discuss WAEC 2003
42
The tax whose rate increase as the level of income increases is known as
  • A. regressive tax
  • B. proportional tax
  • C. progressive tax
  • D. company tax
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43
Public expenditure on on education and health is known as expenditure on
  • A. general services
  • B. social services
  • C. commercial services
  • D. economic services
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44
budget deficit can be financed by
  • A. reducing the level of taxation
  • B. printing more money
  • C. lending to financial institution
  • D. employing more workers
View Answer & Discuss (1) WAEC 2003
45
A major problem facing the Economic Community of West African States (ECOWAS) as an economic integration , is the
  • A. increasing population
  • B. willingness of members to co-operate
  • C. geographical contiguity
  • D. weal trade relation
View Answer & Discuss WAEC 2003
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts