2004
(a) Define Gross National Product (GNP).(b) Describe the three methods of measuring national income.
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2004 WAEC SSCE Economics Past Questions
2004
Explain each of the following terms: (a) Export promotion (b) Depreciation (c) Terms of trade (d) Balance of trade.
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2004
(a) What is a tax?(b) Describe any four principles of a good tax system.
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2004
(a) Distinguish between: (i) a mortgage bank and a merchant bank. (ii) a commercial bank and a development bank.(b) Explain any four functions of commercial banks.
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2004
(a) Explain any four reasons why small-scale farmers dominate agricultural production in your country(b) Suggest any two measures that can be taken to encourage large scale farming in your country.
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2004
(a) Distinguish between: (i) a firm and an industry. (ii)location and localization of industry.(b) Describe any four factors which influence the location of industries in your country.
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2004
(a) What are public corporations?(b) State any four merits of public corporations.
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2004
(a) Outline any two objectives of a price control policy.(b) Highlight any three effects of a maximum price control policy.
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2004
(a) Describe each of the following: (i) Abnormal demand (ii) Effective demand(b) Give three reasons for the occurrence of abnormal demand.
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2004
(a) Explain any two causes of a declining population: (b) Outline any three factors which determine the size of your country's working population.
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2004
The table below represents the output level of a particular firm producing soft drinks. Use the information in the table to answer the questions that follow. output (units)01223364858 Give the cost equation of the firm i…
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2004
Use the diagram below to answer the questions that follow.(b)(i) Which of the curves represents the monopoly demand curve? (ii) What is the point on the diagram? (iii) State the equilibrium price and quantity (iv) Which…
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2004
Which of the following is an economic activity?
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2004
Mixed economy refers to a system in which the means of production are controlled by
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2004
In a capitalist system, the means of production is owned and controlled by
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2004
A carpenter's consumer goods include I. a kilogram of rice II. 3 pairs of shoes III. 4 pairs of socks IV. 3 screwdrivers
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2004
The three broad categories of productions are
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2004
The reward for land as a factor of production is
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2004
An entrepreneur is likely to make more profits when
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2004
division of labour is limited by
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