Economics 2009 WAEC Past Questions

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Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000

The Net Domestic Product is

A. $55,000
B. $60,000
C. $140,000
D. $165,000

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which of the following is specialized in lending money for the purpose of developing real estate?

A. merchant banks
B. mortgage banks
C. discount houses
D. commercial banks

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The marketing of government security by the Central Bank is termed

A. retail banking
B. open market operation
C. selective credit control
D. credit creation

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which of the following serves as a banker's bank?

A. Commercial banks
B. The Mortgage Bank
C. The Central Bank
D. Development Bank

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The tax imposed on good manufacture within a country is

A. an excise tax
B. a capital gain tax
C. profit tax
D. a sales tax

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