WAEC Economics 2025 Objective — Question 35
Question 35 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.
Advertisement
The national income figure is limited as a measure of standard of living because the
- A. prices of commodities remain stable.
- B. value of money is constant.
- C. real composition of output is not fully known.Correct
- D. working conditions are uniform in all countries.
Explanation
National income does not reveal what the output actually consists of (e.g. mostly raw materials vs. finished goods), limiting its use as a living-standards measure.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.