Year : 
2009
Title : 
Economics
Exam : 
WASSCE/WAEC MAY/JUNE

Paper 1 | Objectives

31 - 40 of 50 Questions

# Question Ans
31.

The population density of town Y made up of 50 square kilometre land area and 100 million people is

A. 50,000 people per square kilometre

B. 0.2 million people per square kilometre

C. 0.5 million people per square kilometre

D. 2 million people per square kilometre

D

32.

Manufacturing involves the process of

A. making goods available

B. providing finished products

C. changing items to new states

D. producing capital goods only

C

33.

Disposable income is total income

A. less tax

B. divided by tax

C. plus tax

D. multiplied by tax

A

34.

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

D

35.

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 National Income is equal to

A. $45,000

B. $60,000

C. $65,000

D. $195,000

C

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 Net Domestic Product is

A. $55,000

B. $60,000

C. $140,000

D. $165,000

B

37.

Which of the following is specialized in lending money for the purpose of developing real estate?

A. merchant banks

B. mortgage banks

C. discount houses

D. commercial banks

B

38.

The marketing of government security by the Central Bank is termed

A. retail banking

B. open market operation

C. selective credit control

D. credit creation

B

39.

Which of the following serves as a banker's bank?

A. Commercial banks

B. The Mortgage Bank

C. The Central Bank

D. Development Bank

C

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

A

31.

The population density of town Y made up of 50 square kilometre land area and 100 million people is

A. 50,000 people per square kilometre

B. 0.2 million people per square kilometre

C. 0.5 million people per square kilometre

D. 2 million people per square kilometre

D

32.

Manufacturing involves the process of

A. making goods available

B. providing finished products

C. changing items to new states

D. producing capital goods only

C

33.

Disposable income is total income

A. less tax

B. divided by tax

C. plus tax

D. multiplied by tax

A

34.

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

D

35.

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 National Income is equal to

A. $45,000

B. $60,000

C. $65,000

D. $195,000

C

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 Net Domestic Product is

A. $55,000

B. $60,000

C. $140,000

D. $165,000

B

37.

Which of the following is specialized in lending money for the purpose of developing real estate?

A. merchant banks

B. mortgage banks

C. discount houses

D. commercial banks

B

38.

The marketing of government security by the Central Bank is termed

A. retail banking

B. open market operation

C. selective credit control

D. credit creation

B

39.

Which of the following serves as a banker's bank?

A. Commercial banks

B. The Mortgage Bank

C. The Central Bank

D. Development Bank

C

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

A