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WAEC WASSCE Economics 2021 past questions and answers

This 2021 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 2021 set with instant marking.

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Sample WAEC WASSCE Economics 2021 questions

1. A factory divides production into separate tasks performed by different workers. Which is the most likely benefit?
  1. Every worker must learn all tasks
  2. Workers gain skill through repetition
  3. The number of production stages increases without limit
  4. Specialization eliminates the need for tools

Answer: B. Workers gain skill through repetition

Repeated performance of a specialized task can increase workers’ speed and skill.

2. A firm's demand for labour is described as derived demand because it depends mainly on the
  1. number of workers seeking jobs
  2. workers’ preference for leisure
  3. demand for the goods and services labour helps to produce
  4. size of the country’s population

Answer: C. demand for the goods and services labour helps to produce

Employers demand labour because it contributes to the production of goods and services consumers demand.

3. Which group is normally included in the labour force of a country?
  1. All children below school age
  2. All retired persons, whether seeking work or not
  3. Every person in the population, including full-time students not seeking work
  4. People who are employed or actively seeking employment

Answer: D. People who are employed or actively seeking employment

The labour force consists broadly of employed people and those available for and actively seeking work.

4. A census that counts people where they are physically present on census night is a
  1. de facto census
  2. de jure census
  3. sample survey
  4. civil registration

Answer: A. de facto census

A de facto census records each person at the place where that person is found at the census date.

5. A workshop produces 240 stools using 12 workers in one day. What is the average product of labour per worker?
  1. 12 stools
  2. 20 stools
  3. 228 stools
  4. 2,880 stools

Answer: B. 20 stools

Average product is total output divided by the number of workers, so 240 ÷ 12 = 20 stools.

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