Waec Economics Past Questions For Year 2009
Question 36
Use the information below to answer these questions
Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The Gross National Product is equal to
- A. $40,000
- B. $50,000
- C. $105,000
- D. $125,000
Question 37
disposable income is total income
- A. less tax
- B. divided by tax
- C. plus tax
- D. multiplied by tax
Question 38
Fiscal policy is associated with
- A. taxation and government expenditure
- B. re-structuring of the banks
- C. injection of more money into the economy
- D. reduction in economic activities
Question 39
Government expenditure on the construction of roads and bridges is
- A. recurrent expenditure
- B. capital expenditure
- C. supplementary expenditure
- D. variable expenditure
Question 40
The tax imposed on good manufacture within a country is
- A. an excise tax
- B. a capital gain tax
- C. profit tax
- D. a sales tax
