WAEC Economics 2014 Theory — Question 15

Question 15 of 22 from the West African Examinations Council (WAEC) Economics 2014 Theory paper, with the correct answer and a full explanation.

6(c). Outline any three uses of national income statistics. (6 marks)

Model answer

1. To measure and compare the standard of living of a country's citizens. 2. To compare the economic performance/growth of a country over time or with other countries. 3. To assist government in economic planning and policy formulation.

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