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Economics WAEC Past Questions

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1306

in an industrial area, the location of industries is particularly influenced by ?

  • A. extent of the division of labour
  • B. external economies
  • C. internal economies
  • D. nearness to financial institution
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1307

which of the following is a transfer income

  • A. dividends
  • B. rent
  • C. pensions
  • D. interest
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1308

the value added method used in measuring national income is to 

  • A. measure output at factor cost
  • B. avoid multiple counting of output
  • C. deduct depreciation of capital assets
  • D. add net factor income from abroad
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1309

which of the following is most likely to be of benefit to a debtor

  • A. inflation
  • B. deflation
  • C. revaluation
  • D. monetization
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1310

A measure of the value of money in an economy is the

  • A. size of workers
  • B. general price
  • C. total level of savings
  • D. total amount of loans granted by the banks
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