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2018 Economics WAEC (WASSCE) Theory Past Questions (Paper 2)
Content:
- 2018 Economics WAEC (WASSCE) Theory Past Questions (Paper 2)
- SECTION A (1 – 2) – Consists of two data-response questions and candidates will be required to answer one of them.
- SECTION B (3 – 8) – Consists of six questions and candidates will be required to answer any three of them.
- Duration – 2 hours
SECTION A (1 – 2)
Answer any one (1)
Question 1:
The table below shows the composition of exports and imports in a hypothetical country. Use the information in the table to answer the questions that follow.
(a) Calculate the value of visible exports.
(b) Calculate the balance of trade for the country.
(c) List the items of invisible exports and imports.
(d) Calculate the current account balance of the country.
(e) Is the country developed or developing? Give one
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