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Economics WAEC Past Questions

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1981

When job vacancies are publicized, the government is mainly trying to solve the problem of

  • A. residual unemployment
  • B. cyclical unemployment
  • C. technological unemployment
  • D. frictional unemployment
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1982

An indication that there is inflation in a country is that

  • A. there is a decrease in the demand for goods and services
  • B. there are too many goods in circulation
  • C. the same amount of money buys lower quantity of goods
  • D. people prefer to lend than to borrow
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1983

An example of government's recurrent expenditure is

  • A. electrification projects in rural areas
  • B. the cost of building a school
  • C. purchase of new vehicles
  • D. paying salaries of workers
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1984

A fall in the price of a normal commodity which has elastic demand will result in

  • A. a fall in demand
  • B. a fall in quantity demanded
  • C. an increase in revenue
  • D. a decrease in revenue
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1985

The dependency ratio of a country is the

  • A. the children and aged who rely on the active population for support
  • B. people who are cared for by their extended families
  • C. total active population who depend on government for survival
  • D. number of children who depend on their parents for survival
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