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Economics 2006 WAEC Past Questions

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41
which of the following is a form of tax evasion?
  • A. wrong declaration of earnings
  • B. payment of flat rate tax
  • C. constant change of employment
  • D. low capacity utilization
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42
where the burden of a tax finally rests is called
  • A. tax object
  • B. tax rate
  • C. incidence of taxation
  • D. system of taxation
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43
An increase in the quantity of goods and services produced in a country which raises her national income is known as
  • A. economic development
  • B. economic growth
  • C. domestic investment
  • D. productivity
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44
The formula index of export prices/index of import prices * 100
is used to measure the
  • A. volume of trade between countries
  • B. direction of internatrional trade
  • C. commodity terms of trade
  • D. volume of imports
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45
which of the following is an invisible term?
  • A. Banking services
  • B. Petroleum products
  • C. Processed rice
  • D. processed milk
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