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WAEC WASSCE Economics 2007 past questions and answers

This 2007 WAEC WASSCE Economics set has 40 practice questions. Try these 5 free sample questions, tap a question to reveal the answer and explanation. Then practise the whole 2007 set with instant marking.

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Sample WAEC WASSCE Economics 2007 questions

1. A district has 1,200,000 residents and covers 6,000 square kilometres. What is its population density?
  1. 200 people per square kilometre
  2. 20 people per square kilometre
  3. 720 people per square kilometre
  4. 7,200 people per square kilometre

Answer: A. 200 people per square kilometre

Population density is population divided by land area, so 1,200,000 / 6,000 = 200 people per square kilometre.

2. A labour force contains 720,000 people, of whom 648,000 are employed. What is the unemployment rate?
  1. 5%
  2. 10%
  3. 12%
  4. 90%

Answer: B. 10%

There are 72,000 unemployed people, and 72,000 divided by 720,000 equals 10%.

3. Which feature of a fragmented traditional land-tenure system most directly makes mechanised farming difficult?
  1. It guarantees large, contiguous farms
  2. It eliminates uncertainty over ownership
  3. It divides holdings into small scattered plots
  4. It ensures every farmer has access to credit

Answer: C. It divides holdings into small scattered plots

Small scattered plots make it harder to use machinery efficiently across a large continuous area.

4. An import-substitution policy primarily aims to
  1. replace domestic goods with imported goods
  2. restrict all exports permanently
  3. shift all workers from industry to farming
  4. produce locally goods that were formerly imported

Answer: D. produce locally goods that were formerly imported

Import substitution encourages domestic production of goods previously obtained from abroad.

5. A country's GDP at market prices is 900 million units, net factor income from abroad is -20 million, depreciation is 80 million, indirect taxes are 60 million, and subsidies are 10 million; what is national income at factor cost?
  1. 750 million units
  2. 800 million units
  3. 820 million units
  4. 870 million units

Answer: A. 750 million units

NNP at factor cost is 900 - 20 - 80 - 60 + 10 = 750 million units.

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