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4196

Which of the following factors will not underestimate the national income?

  • A. Rapid decrease in prices
  • B. Increased subsistence production
  • C. Practice of specialization of labour
  • D. Increase in value of services not paid for
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4197

Which of the following items is not considered as a transfer payment?

  • A. Pension pay
  • B. Government subsidy
  • C. Students' grant
  • D. Doctor's salary
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4198

Which of the following is true of the value of money? It

  • A. is positively related to the price level
  • B. depends on the value people attach to it
  • C. is determined by the government
  • D. is inversely related to the price level
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4199

The motive for holding money to meet unforeseen events is termed

  • A. precautionary demand
  • B. transactions demand
  • C. liquidity demand
  • D. speculative demand
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4200

An increase in the prices of factor inputs may result in

  • A. demand-pull inflation
  • B. stagflation
  • C. open inflation
  • D. cost-push inflation
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WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709