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Question 1. The following data shows the budget of a hypothetical country in 2006. Study the data and answer the questions that follow: (ii) indirect taxes? (ii) capital expenditure. (c) What percentage of total revenue was collected as indirect tax? (d) State two examples of non-tax revenue. (e) What was the budget surplus or deficit?
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WAEC Past Questions. For candidates that will write economics in their West African Examinations Council, this is to inform you that WAEC past questions and answers on economics (PDF) is available for download, free of charge. What you need to view the file is your phone or laptop, and an app that can open PDF (e.g. Adobe Reader).
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All questions carry equal marks. 1, 301S SECTION A Answer one question only from this section. The total fixed cost (TEC) and total cost (TC) functions of a hypothetical firm are shown in the graph below. Study it and answer the questions that follow: TFC output (units) [ 6 marks ] [ 4 marks ] [ 4 marks ] (a) (b) 200 8 teo 160 140 roo 80 60 40 3
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Question 3 Almost all the candidates attempted this question and scored relatively high marks. The question required candidates to define wants, scarcity, scale of preference, opportunity cost and explain any four reasons why the study of Economics is important to society.
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Ghana WASSCE 2017 ECONOMICS PAST QUESTIONS AND ANSWERS - PasscoGH December 16, 2023 5:45:12 PM GES explains why the reopening date for first-year SHS students has been extended. The 2023 School Selection Guidelines Are Here! Top Five Most Popular SHS Programmes. First-year SHS students to sit for placement test after BECE - MoE
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WAEC Economics Questions - Free WASSCE past questions for Economics. Here is collection of Economics past examination questions to assist you with your studies. Please post 2017/18 pass questions and answers. Reply to alex. Momoh makish kargbo Mar 18, 2019. please please post for us oral english past questions. Reply to Momoh. Hi, Nov 18.
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Explain your answer. (b) Calculate the: (i) total revenue of the company before and after the price increase; (ii) change in total revenue. (c) What is the effect of the increase in price on total revenue? (d) State two factors influencing price elasticity of demand This is one of the data response question and it was attempted by most candidates.
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Are WAEC Past Questions Important? Footballers, bodybuilders, teachers, doctors, etc., perform regular practise to improve in their profession. Therefore, students who wish to prepare for the WASSCE need to practise with actual questions that have been asked on the WASSCE.
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Candidates' Weakness. (i) Poor graphical analysis. Quite a good number of candidates showed great deficiency in the application of graphical representations to economic analysis. This weakness resulted in poor performance in questions where such analyses were required. (ii) The use of wrong terminologies. Some of the candidates failed to use.
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How to Access & Use WAEC Past Question After using the WAEC Syllabus and Recommended Textbook to Read and Meditate Click on the link below to access the WAEC Economics past questions Once you land on the new page you will see (General Comment) click on Next to see the Weakness/Remedies and Strength
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Source WWW.LARNEDU.COM. Visit www.Larnedu.com for WASSE / WAEC past questions, WASSCE / WAEC Syllabus and more. Good luck! This Economics past question paper is a little bit different from our standard format but we had to get a copy for our audience ASAP. Please ignore the markings on the sheet.
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Detailed Solution. Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behavior of individuals, groups, and organizations. B. 2. The opportunity cost of a worker going to the university is. A. tuition, fees and books.
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1 'Economics is a science which studies human behaviours as a relationship between ends and scarce means which have alternative uses. 'Ends' her refers to A. resource B. wants C. choice D. output E. factors View Answer & Discuss (9) WAEC 1988 2 A review of occupational distribution of population from time to time helps us to know the
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WAEC Economics Past Questions and Answers. WAEC Economics past questions and answers. Practise for Exams, Quizzes and Tests.. 2017; 2018; Install App. Install EduPadi App and access nice features and resources, including lessons, exam practice, quiz, etc. Classes/Courses. SS1. SS2. SS3. WAEC.
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The West African Senior School Certificate Examination (WASSCE) is a type of standardized test taken in West Africa, mostly by students who wish to proceed to the higher institution. It is administered by the West African Examination Council (WAEC).