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696
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
697
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
698
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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699
A major achievement of the Organization of Petroleum Exporting Countries (OPEC) is that
  • A. crude oil price has increased tremendously
  • B. petroleum product price have remained low
  • C. producing countries are highly industrilized
  • D. price of crude oil has remained relatively state
View Answer & Discuss WAEC 2004
700
Economic activities are undertaken to solve the problem of
  • A. Desire to spend more income on consumption
  • B. opprotuinity cost
  • C. production
  • D. scarcity
View Answer & Discuss WAEC 2005
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