WAEC Economics 2025 Objective — Question 44
Question 44 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.
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If governments in developing countries want to raise revenue, then major source to rely on is
- A. royalties and rent.
- B. grants and loans.Correct
- C. sale of government assets.
- D. indirect taxes.
Explanation
Grants and loans are a major source of revenue for developing country governments, according to the answer key.
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