JAMB and WAEC Economics questions

745 questions with answers and explanations. Tap an option to check yourself.

All JAMB WAEC

Question 481· Population· JAMB
A country with a high birth rate and a falling death rate will experience
Show answer
Answer: C. rapid population growth
Explanation and discussion
Question 482· Population· JAMB
Brain drain refers to
Show answer
Answer: C. emigration of skilled workers
Explanation and discussion
Question 483· Population· WAEC
Optimum population is the population that
Show answer
Answer: A. gives the highest income per head with existing resources
Explanation and discussion
Question 484· Population· WAEC
Dependent population refers to people who
Show answer
Answer: A. are too young or too old to work
Explanation and discussion
Question 485· Population· WAEC
Occupational distribution of population shows
Show answer
Answer: A. how the labour force is divided among industries
Explanation and discussion
Question 486· Population· JAMB
The optimum population of a country is the population at which
Show answer
Answer: D. output per head is at its maximum
Explanation and discussion
Question 487· Public finance· WAEC
Value Added Tax (VAT) is an example of
Show answer
Answer: A. an indirect tax
Explanation and discussion
Question 488· Public finance· WAEC
An advantage of indirect taxes is that they are
Show answer
Answer: B. difficult to evade because they are included in prices
Explanation and discussion
Question 489· Public finance· WAEC
A balanced budget means
Show answer
Answer: C. planned revenue equals planned expenditure
Explanation and discussion
Question 490· Public finance· JAMB
A regressive tax is one that
Show answer
Answer: C. takes a higher proportion of income from the poor than from the rich
Explanation and discussion
Question 491· Public finance· JAMB
Which of the following is one of Adam Smith's canons of taxation?
Show answer
Answer: D. certainty
Explanation and discussion
Question 492· Public finance· WAEC
The burden of a tax falls mainly on consumers when demand is
Show answer
Answer: D. inelastic
Explanation and discussion
Question 493· Public finance· WAEC
A worker earning ₦100,000 pays 5% in tax while one earning ₦1,000,000 pays 20%. The tax is
Show answer
Answer: B. progressive
Explanation and discussion
Question 494· Public finance· JAMB
A proportional tax is one in which
Show answer
Answer: B. the same percentage is taken from all incomes
Explanation and discussion
Question 495· Public finance· WAEC
A tax whose rate increases as income increases is
Show answer
Answer: B. progressive
Explanation and discussion
Question 496· Public finance· WAEC
A tax charged on goods when they are bought in shops is
Show answer
Answer: B. an indirect tax
Explanation and discussion
Question 497· Public finance· WAEC
A budget deficit occurs when government
Show answer
Answer: D. expenditure exceeds revenue
Explanation and discussion
Question 498· Public finance· JAMB
Canons of taxation include
Show answer
Answer: C. equity, certainty, convenience and economy
Explanation and discussion
Question 499· Public finance· WAEC
A tax that takes a higher proportion of a poor person's income than a rich person's is
Show answer
Answer: A. regressive
Explanation and discussion
Question 500· Public finance· JAMB
Fiscal policy involves the use of
Show answer
Answer: A. government spending and taxation
Explanation and discussion

Practise Economics like the real exam. A timed CBT, your score, and the topics to fix.

Start a Economics test

JAMB and WAEC Economics questions

A country with a high birth rate and a falling death rate will experience

Brain drain refers to

Optimum population is the population that

Dependent population refers to people who

Occupational distribution of population shows

The optimum population of a country is the population at which

Value Added Tax (VAT) is an example of

An advantage of indirect taxes is that they are

A balanced budget means

A regressive tax is one that

Which of the following is one of Adam Smith's canons of taxation?

The burden of a tax falls mainly on consumers when demand is

A worker earning ₦100,000 pays 5% in tax while one earning ₦1,000,000 pays 20%. The tax is

A proportional tax is one in which

A tax whose rate increases as income increases is

A tax charged on goods when they are bought in shops is

A budget deficit occurs when government

Canons of taxation include

A tax that takes a higher proportion of a poor person's income than a rich person's is

Fiscal policy involves the use of