WAEC Past Questions and Answers - Page 3822

19,106.

A government treasury bill is a form of debt instrument which falls due for repayment after

A.

3 months

B.

9 months

C.

2 years

D.

5 years

E.

10 or more years

Correct answer is A

No explanation has been provided for this answer.

19,107.

If an economy is growing at an annual rate of 7%, and 4% of it is known to be due to the improvement in labour and capital combined, the balance of 3% is usually attributed to

A.

Land and enterprenuer

B.

Abundance of natural resources

C.

Level of human capital

D.

Technical progress and related factors

E.

Discipline in political leadership

Correct answer is C

No explanation has been provided for this answer.

19,108.

Which of the following item is not included in measuring national income by the income approach?

A.

Wages and salaries of public servants

B.

Student's grants and scholarships

C.

Profits of companies

D.

Income earned by self-employed persons such as lawyers

E.

Rents on property

Correct answer is B

No explanation has been provided for this answer.

19,109.

A movement along the demand curve for some goods may be caused by a change in

A.

Consumer income

B.

The price of goods

C.

Consumers taste

D.

The price of other goods

E.

Population

Correct answer is B

No explanation has been provided for this answer.

19,110.

Which of the following functions do retailers perform in an economy?

A.

Production

B.

Exchange

C.

Hoarding

D.

Distribution

E.

Investment

Correct answer is D

No explanation has been provided for this answer.