WAEC GCE Economics Past Questions. If you will write this year WAEC GCE exam on economics? Download gce past questions for economics 2023 (Theory/Objectives) pdf and start reading.
I will like to answer some students who wants to know how to pass waec economics. Economics in waec is divided into objective (50 questions) and theory (this is divided into section A and section B).
Your success in waec economics begin if you can make sure to score minimum of 35 out of the 50 questions in the objective. You also need to make sure that you answer correctly 3 questions out of the 5 compulsory questions in section A of the theory. The same is also applicable for section B.
There are certain topics you need to master in waec economics syllabus. I know the reason why you are here is to download WAEC GCE Past Questions in economics PDF.
Facts About WAEC GCE Expo in Economics
I know that some people still find their way to see WAEC expo because of the sabotage working with WAEC. However, many people claiming to help you get WAEC life questions are deceiving you. They are only after your money.
Education is not a car race, or a do or die affair. From experience, you can pass WAEC by devoting your time to read your books and study past questions. Success in exam isn’t as hard as people make it look.
Looking for an “expo” is a distraction to lieu you away from adequate preparation for the exams.
The number of fraudulent people is increasing on a daily basis because of the crave of students to get expo to WAEC. And because there is high demand for an “expo,” people now venture into the business to make gain from students who are looking for a shortcut to pass an exam.
WAEC GCE General Examination Instructions.
- Do not open your question paper until you are told to do so
- USE HB pencil throughout in the OBJ Section
- You are free to use Biro in the theory part
- You are allowed to use calculator to solve
- Make sure that you fill your name, Subject, paper, paper code and other examination details where necessary.
- Ensure that the texts in your question papers are boldly printed
- Behave yourself.
- Don’t let invigilators catch you using expo
WAEC GCE Economics Past questions and answers (Previous Years)
The questions below are the WAEC 2020 Economics Practice Questions. Go through them and be ready to score high in your WAEC 2020 Economics Examination.
1. Developments outside a given firm which reduce the firm’s costs are called
A. internal economics
B. external economics
C. external diseconomies
D. optimum effects
ANSWER: B (external economics)
2. If at 10K per kg, 1000kg of yam were purchased, the resultant point elasticity of demand is
A. 0.33
B. 0.0001
C. 1
D.10000
ANSWER: C (1)
3. A situation in which all inputs are doubled and output also doubles is known as
A. constant proportions
B. increasing returns to scale
C. constant returns
D. constant returns to scale.
ANSWER: D (constant returns to scale)
WAEC Economic Essay (theory)
1. The table below represents a traveller’s consumption of bottles of Coca-Cola. Study it carefully and answer the questions that follow:-
| No. of Bottles | Total Utility | Marginal Utility |
| 1. | 15 | 15 |
| 2. | 29 | F |
| 3. | 42 | 13 |
| 4. | D | 12 |
| 5. | 65 | G |
| 6. | 75 | H |
| 7. | E | 0 |
(a) Determine the missing figures D, E, F, G and H.
(b) Draw the demand curve for the traveller’s consumption of Coca-Coca.
(c) Explain the law of diminishing marginal utility as the basis for the slope of the traveller’s demand curve.
2. (a) Distinguish between economic activities and an economic system.
(b) Explain the following terms:
(i) Production;
(ii) Distribution;
(iii) Consumption.
3. (a) With the aid of a diagram, explain a minimum price.
(b) State any five measures by which a minimum price for an agricultural produce can be made effective.
4. (a) Describe the output method of measuring the gross domestic product of a country.
(b) How is the net national product at factor cost obtained from gross domestic product?
(c) State two problems associated with the output method.
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6 Steps To Pass WAEC GCE Economics Without Stress
There are courses you can’t study if you don’t have credits in WAEC at one sitting: courses like Medicine and Surgery. The reason is that the number of students that applied for those courses is high. Therefore, one of the ways to reduce the number of applicants is to make WAEC or GCE requirements as one sitting.
(1) Don’t panic
The fear of WAEC is one of the reasons why students fail the exam. You have to remain confident in yourself and ability to pass the exam. One of the things to do to boost your confidence level is when you start preparing for the exam early.
Early preparation helps you cover more relevant topics than late preparation. Late preparation can increase your stress level and eventually lead to poor performance.
(2) Source for past questions on various subjects you want to write
This will give you a hint of how WAEC questions are structured. This method helped me in chemistry back then. I understood how the practical, theory, and objective chemistry questions looked like.
And I was able to detect areas where WAEC like to focus much on through the trend of their past questions I have studied. Therefore, this made me focus on the most important areas and made my reading productive.
(3) Go through recommended textbooks
Go for recommended textbooks that explain better and can hasten your understanding. A textbook helped me for the practical aspect of chemistry back then.
I read the practical book and I was able to do very well in chemistry. Moreover, textbooks are needed for you to understand some questions you might be having difficulty to answer. Once you are able to understand it, it has become part of you.
(4) Ask your teachers about how WAEC allot marks
I remembered that when I wrote my GCE back then my teachers told me how WAEC allot marks. For example, practical physics, chemistry, and biology take 40% of the total mark while the theory and objectives take the remaining 60%. Knowing this will help your preparation.
Moreover, some of your teachers are WAEC examiners; they are familiar with the dos and don’ts of WAEC. So take their words with seriousness and take note of any area they ask you to note. They are instruments that can guide you to success.
(5) You must read instructions before you answer any question
For example, in mathematics there are questions that belong to other countries, so don’t attempt questions that are not meant for you.
(6) Work hard
Success is for those who study hard and give their best. There is no shortcut to success than to work hard and be studious.