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2022 Economics WAEC (WASSCE) Theory Past Questions (Paper 2)
Content:
- 2022 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:
A hypothetical national income data for a country in a particular year is presented below:
From the data above, answer the following questions.
Calculate the:
a. Gross Domestic ProductGross Domestic Product (GDP) is a measure of a country's national income, representing the total monetary value of all goods and services produced within a country's borders during a specific period,... More (GDP)
b. Gross National Product (GNP)
c. Net National Product (NNP)
Question 2:
The diagram below shows the effects of the introduction of a subsidyA subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or tax reduction. If something like food or petrol is... More on the production of maize.
Study the diagram and answer the questions that follow.
a. (i) Identify the curves labelled X, Y and Z.
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