Waec GCE Economics 2023 Questions And Answers

Waec GCE Economics 2023 Questions And Answers

Waec GCE Economics 2023 Questions And Answers

The West African Examination Council (WAEC) Has Scheduled The Waec GCE Economics 2023 Paper To Kick Of On The 15th February, 2023.

This brings the attention of candidates writing the exam in to searching for Waec GCE Economics 2023 Questions And Answers, Waec gce economics 2023, Waec gce economics expo 2023, Waec gce economics question 2023, Waec gce economics answer 2023, gce economics 2023 and etc.

Waec GCE Economics 2023 Questions And Answers

In this section, you will read the steps and requirements needed for you to get Waec GCE Economics 2023 Questions And Answers before exam.



2023 waec GCE Expo WAEC GCE Economics 2023
Direct Sms  N1000 MTN CARD
WhatsApp  N800 MTN CARD
Online Password  N800 MTN CARD
Delivery Time  4 hours or midnight before exam
Answer page  zamgist.com.ng/answer-page
WhatsApp No.  08023429251
WhatsApp Group Link  Click Here to Join
Tags  Waec GCE Economics 2023 Questions And Answers


WAEC GCE Economics Expo 2023

==> Direct SMS: N1000 MTN CARD
Direct SMS MEANS all answers(theory & obj) will come direct to ur phone as sMs.

==> Online PIN: N800 MTN CARD
Online PIN MEANS The Pin to access our answers online via https://zamgist.com.ng/answer-page will be sent to u at least 4hours before the exam to access our answers.

==> WhatsApp: N800 MTN CARD
Whatsapp MEANS The answer will be sent to you on WhatsApp after we confirm your subscription. Add Us In WhatsApp With 08023429251.

Send The Following details:-

(i) MTN CARD Pin(s)
(ii) Your Name
(iii) Subject
(iv) Phone number
===> 08023429251 via sms

WAEC GCE Economics Questions 2023

WAEC GCE Economics Questions 2023


WAEC GCE Economics Questions 2023 II


WAEC GCE Economics Questions 2023 III


WAEC GCE Economics Questions 2023 IV

Waec gce economics answer 2023

Labour refers to the physical and mental effort exerted by human beings in the production process. Capital, on the other hand, refers to the physical goods that are used in the production process.

(i) Supply of labour: The supply of labour may increase, as workers are attracted to the higher wage.
(ii) Supply of wheat: The supply of wheat may decrease, as the higher wage would increase the cost of production for wheat.
(iii) Price of wheat: The price of wheat may increase, as the higher cost of production would lead to higher prices for consumers.
(iv) Price of rice, a substitute of wheat: The price of rice, a substitute for wheat, may increase as the increased cost of production for wheat makes it relatively more expensive than rice. This could lead to an increase in demand for rice, and subsequently increase its price.




Open market operation:- is an activity by a central bank to give (or take) liquidity in its currency to (or from) a bank or a group of banks.

-Central Bank-
(i) A Central Bank devises new policies and rules which have to be followed by the other banks.
(ii) The Central Bank acts as a banker to several other banks and the government.
(iii) A Central Bank is owned by the public sector/ government.

-Commercial Bank-
(i) A Commercial Bank is the richest bank in the nation.
(ii) A Commercial Bank serves as a dealer to the citizens of the nation.
(iii) A Commercial Bank is owned by both the public and private sectors.

(i) Financing Trade:-
The money market provides financing to local and international traders who are in urgent need of short-term funds. It provides a facility to discount bills of exchange, and this provides immediate financing to pay for goods and services.

(ii) Growth of Industries:-
The money market provides an easy avenue where businesses can obtain short-term loans to finance their working capital needs. Due to the large volume of transactions, businesses may experience cash shortages related to buying raw materials, paying employees, or meeting other short-term expenses.

(iii) Central Bank Policies:-
The central bank is responsible for guiding the monetary policy of a country and taking measures to ensure a healthy financial system. Through the money market, the central bank can perform its policy-making function efficiently.



Economic planning is a process of setting goals, formulating policies, and making decisions to achieve a desired economic outcome.

(i) Political instability: It can lead to changes in government policies and priorities, which can disrupt ongoing economic plans and lead to delays or cancellations of planned projects.

(ii) Inflation: It can lead to uncertainty and volatility in the financial markets, making it difficult to secure financing for investment projects or raise capital for business expansion.

(i) Responding to External Shocks
(ii) Mitigating Market Failures
(iii) Allocating Resources Efficiently
(iv) Promoting Economic Growth and Development

More Answers loading…………


NOTE:- All SMS Sent To The Above Number Are Attended To, Our Phone Number Might Be Diverted To Avoid Distraction.

Always Send Us SMS Of Your Complaint Even When Our Number Is Not Available, Your Message(s) Will Get To Us And We Will Reply You ASAP.

Be the first to comment

Leave a Reply

Your email address will not be published.