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3691

which of the following is a benefit to a member country of World Bank?

  • A. easy access to long term loans
  • B. management of foreign exchange
  • C. mediating in labour dispute
  • D. financing balance of payment deficit
View Answer & Discuss WAEC 2015
EXPECTED REVENUE
Items Amount ($m)
Rents and royalties 75.00
Company income tax 150.00
Custom and excise duties 300.20
personal income tax 80.00
Fees and fines 60.00
value added tax 100.00

Use the information to answer the following question 

3692

what is the total revenue from indirect tax

  • A. $686.0 m
  • B. $400.20 m
  • C. $135.80 m
  • D. $100.00 m
View Answer & Discuss WAEC 2015
3693

what is the total revenue from non tax sources

  • A. $400.20 m
  • B. $375.20 m
  • C. $135.00 m
  • D. $75.00 m
View Answer & Discuss (1) WAEC 2015
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3694

The table below shows the composition of exports and imports of a hypothetical country. Use the information in the table to answer the questions that follow.

Exports Amount $ Imports Amounts $
Crude Oil 120,000,000 Rice and Flour 140,000,000
Groundnuts 40,000,000 Petroleum Product 80,000,000
Tourism 45,000,000 Vehicles and Accessories 50,000,000
Shipping & Insurance 60,000,000 Banking Services 60,000,000
Bauxite 80,000,000 Freight and Insurance 40,000,000

(a) Calculate the value of visible exports.

(b) Calculate the balance of trade for the country.

(c) List the items of invisible exports and imports.

(d) Calculate the current account balance of the country.

(e) Is the country developed or developing? Give one reason for your answer.

View Answer & Discuss (4) WAEC 2018
3695

The cost and output schedule of a firm is shown in the table below.

Output (kg) 0 15 35 60 85
Variable cost ($) 0 30 55 75 90
Total cost ($) 15 45 70 90 105
Total revenue ($) 0 30 70 120 170

(a) Using the data in the table, at each level of output, calculate the firm's
(i) marginal revenue
(ii) marginal cost.

(b) At what output level did the firm:
(i) break even
(ii) make the highest profit
(iii) attain equilibrium

(c) Identify the market structure in which the firm operates

View Answer & Discuss (1) WAEC 2018
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