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Economics 2004 WAEC Past Questions

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41
A surplus in the balance of payment should be used to
  • A. subsidized multinational companies
  • B. build infracstructures for friendly nations
  • C. make donations to developed countries
  • D. buy investment overseas
View Answer & Discuss (1) WAEC 2004
42
Development planning which take an overall view of the economy is described as
  • A. aggregate economic planning
  • B. disaggregate economic planning
  • C. sectorial economic planning
  • D. system economic planning
View Answer & Discuss WAEC 2004
43
The national income of a country can be estimated by the
  • A. cost-benefit method
  • B. distribution method
  • C. expenditure method
  • D. consumption method
View Answer & Discuss WAEC 2004
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44
which of the following is excluded when making national income?
  • A. dividends
  • B. wage and salaries
  • C. transfer of payments
  • D. profits
View Answer & Discuss WAEC 2004
45
The Economic Community of West African States (ECOWAS) has been been slow in achieving its objective sbecause of
  • A. political instability in member state
  • B. the activities of multinationals
  • C. inadequate personnel at the secretariat
  • D. inadequate international support
View Answer & Discuss WAEC 2004
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