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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
4606

A government may cause a favourable change in her invisible trade account by

  • A. developing tourism and other services
  • B. imposing high tariff on exports
  • C. encouraging people to go for medical treatment abroad
  • D. increasing the export of her primary products
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4607

To overcome the problem of double counting under the expenditure approach,

  • A. spending on intermediate goods and inputs are considered
  • B. valued added method is used
  • C. proper accounting standards must be used
  • D. only spending on final goods are considered
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4608

At what point on the total product curve shown above will marginal product be negative?

  • A. Q
  • B. S
  • C. R
  • D. P
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4609

National income is calculated mainly to

  • A. determine how income is to shared
  • B. help firms generate more funds
  • C. determine aid to to be received from other nations
  • D. determine the level of sectoral performance
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4610

Assisting members to solve temporary balance of payments problems is the reasons for the establishment of the

  • A. International Monetary Fund
  • B. Economic Commission for Africa
  • C. World Bank
  • D. African Development Bank
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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
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