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Economics 2007 WAEC Past Questions

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36
Monetary control measure are coordinated by
  • A. Development banks
  • B. Merchant banks
  • C. comercial banks
  • D. the central banks
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37
A country whose economy is buoyant is likely to have
  • A. a weak currency
  • B. devaluation from time to time
  • C. a strong currency
  • D. balance of payment problem
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38
The Net National Product (NNP) is Gross National Product (GNP) less
  • A. domestic product
  • B. foreign product
  • C. depreciation
  • D. investment
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39
If the population of a country is low and the Gross National Product is high, the per capita income will be
  • A. high
  • B. low
  • C. average
  • D. unitary
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40
The population of a country in a certain year was fifty million and her per capita income was $2,050. What was the national income?
  • A. $750,000 million
  • B. $100,250 million
  • C. $102,500 million
  • D. $125,050 million
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