2024
(a) Define economic development. (b) Highlight any three characteristics of a developing nation. (c) Explain any three measures a country can adopt to facilitate economic development.
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2024 WAEC SSCE Economics Past Questions
2024
(a) Define Central Bank. (b) Outline three ways in which the Central Bank of a country can reduce money supply. (c) Explain how the Central Bank plays its role as: (i) banker to the government; (ii) banker to comme…
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2024
6. In recent times, developing countries that are predominantly agriculture oriented are searching for ways of diversifying their economies. Many of these countries strive to exploit the available solid mineral deposits…
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2024
(a) Explain the following concepts (i) labour force; (ii) over-population; (iii) Mobility of labour (iv) optimum population (b) Outline four factors responsible for the rapid growth in the population of a country.
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2024
(a)Define the term distribution. (b) Outline three ways in which the retail- er is important to the consumer. (c) Explain three disadvantages of the operation of middlemen in the distribution process
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2024
(a) With the aid of relevant diagrams, distinguish between an increase in supply and an increase in quantity supplied. (b) Explain how a decrease in income tax will affect the demand for a normal good and an inferior goo…
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2024
The management of a fruit juice pro- duction company was directed by the shareholders to increase the revenue from the sale of its product. The management decided to increase the price of the fruit juice from $7 to $$ 10…
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2024
The graph shows the imposition of tax on the sellers of a product. Study the graph and answer the questions that follows (a) Identify the; (i) price per unit of the product before (ii) quantity demanded and supp…
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2024
Exploitation of solid minerals in developing countries can stabilize their revenue base mainly because it helps in
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2024
One major achievement of the Eco- nomic Commission for Africa (ECA) is the
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2024
Harmonised monetary and fiscal policies is a feature of
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2024
Short-term deficits in the current account of the balance of payments can be financed by balancing with the
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2024
Terms of trade is favourable when the
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2024
Devaluation of currency will help to correct balance of payments deficit if a country's
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2024
Balance of payments is defined as the
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2024
One indicator of the low level of cap ital formation in developing countries is
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2024
An increase in a country's production capacity usually leads to economic
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2024
A commodity with perfectly inelastic demand has the burden of tax borne by
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2024
Expansionary fiscal policy implies
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2024
Money supply will increase when the Central Bank
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