Waec Economics Past Questions For Year 2006
Question 6
The policy of government to increase the supply of money to meet its own expenditure plans is likely to be
- A. speculative
- B. deflationary
- C. inflationary
- D. contractionary
Question 7
Which of the following is a legal tender in West Africa?
- A. Treasury Bill
- B. Share
- C. Credit card
- D. Currency
Question 8
Agriculture is important to the economy of West African countries because it is the source of
- A. power
- B. equipment supply
- C. industrial input
- D. technological progress
Question 9
Which of the following agricultural systems is mainly for the cultivation of food crops for family consumption?
- A. Co-operative farming
- B. Commercial farming
- C. Subsistence farming
- D. Plantation farming
Question 10
The difference between the Gross National Products (GNP) and the Gross Domestic Product (GDP) is
- A. total interest payment
- B. net income generated internally
- C. total national savings
- D. net income from abroad
