Waec Economics Past Questions For Year 2006
Question 11
Amount proposed for payment of wages and salaries in a budget is regarded as part of
- A. recurrent expenditure
- B. direct investment
- C. recurrent revenue
- D. capital receipts
Question 12
A cheque book is issued to customers of a bank operating a
- A. savings account
- B. time deposit account
- C. current account
- D. fixed deposit account
Question 13
where the burden of a tax finally rests is called
- A. tax object
- B. tax rate
- C. incidence of taxation
- D. system of taxation
Question 14
which of the following is a form of tax evasion?
- A. wrong declaration of earnings
- B. payment of flat rate tax
- C. constant change of employment
- D. low capacity utilization
Question 15
In a rapidly growing economy, a change in technology which is labour saving is likely to cause
- A. residual unemployment
- B. structural unemployment
- C. disguised unemployment
- D. frictional unemployment
