WAEC Past Questions and Answers - Page 3475

17,371.

The Economic Community of West African States (ECOWAS) has been been slow in achieving its objective sbecause of

A.

Political instability in member state

B.

The activities of multinationals

C.

Inadequate personnel at the secretariat

D.

Inadequate international support

Correct answer is A

No explanation has been provided for this answer.

17,372.

Which of the following is excluded when making national income?

A.

Dividends

B.

Wage and salaries

C.

Transfer of payments

D.

Profits

Correct answer is C

No explanation has been provided for this answer.

17,373.

The national income of a country can be estimated by the

A.

Cost-benefit method

B.

Distribution method

C.

Expenditure method

D.

Consumption method

Correct answer is C

No explanation has been provided for this answer.

17,374.

Development planning which take an overall view of the economy is described as

A.

Aggregate economic planning

B.

Disaggregate economic planning

C.

Sectorial economic planning

D.

System economic planning

Correct answer is A

No explanation has been provided for this answer.

17,375.

The three broad categories of production are

A.

Direct, secondary and extractive

B.

Primary, tertiary and direct

C.

Primary, secondary and tertiary

D.

Secondary, primary and direct

Correct answer is C

No explanation has been provided for this answer.