WAEC GCE Economics Obj/Essay Questions and Answers 2025: Repeated Questions and Smart Strategies. In this guide, we share free examples of likely repeated Economics questions (both Objective and Theory), explain how WAEC sets Economics questions, and provide practical tips to help you answer effectively. With these strategies, you’ll be better prepared to excel in your 2025 WAEC GCE Economics examination.
WAEC 2026 GCE Economics Objectives & Essay Answers
Exam Details
| Paper Type | Status |
|---|---|
| Objective (OBJ) | Answers Uploading… |
| Essay (Theory) | Answers Uploading… |
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WAEC GCE Economics Access Plans
| Option | What You Get | Price | How to Subscribe |
|---|---|---|---|
| Direct SMS | Solutions delivered to your mobile line | ₦1000 | Send MTN recharge PIN to … via text message |
| Password PIN | Open answers on a secured page | ₦700 | Send MTN recharge PIN to … via text message |
| WhatsApp Delivery | Answers sent straight to WhatsApp | ₦600 | Send Airtel recharge PIN to … on WhatsApp |
Steps (MTN/Airtel Method):
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Send Airtel or MTN recharge PIN (or transfer).
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State the subject (e.g., Economics).
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Add your phone number and send.
Important Notes:
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Only use SMS or WhatsApp (do not call).
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Ensure recharge PINs are valid.
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If a line is busy or diverted, just send SMS and it will be handled.
WAEC Economics Questions and Answers (Reference)
About the Exam
The West African Examinations Council (WAEC) conducts the SSCE and GCE examinations in May/June and Nov/Dec each year.
Available Materials (2024):
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WAEC GCE Economics OBJ & Essay Questions/Answers
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WAEC Economics Objective & Theory (2024 update)
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Key revision and preparation tips
Tips for Preparing in Economics:
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Set clear targets and study towards them.
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Use the recommended Economics textbook.
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Practice calculations, diagrams, and real-life examples.
Past Questions – WAEC Economics 2021 (Sample Solutions)
Q1a – Entire labour force = 170 million
Q1b – Sectoral distribution:
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Primary = 25%
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Secondary = 40%
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Tertiary = 35%
Q1c – Ratio = 161:300
Q1d – Warehousing = 7.2%
Q1e – Features of mixed economy: both government and individuals take part in production.
Q4a – Product retailing: sale of goods directly to buyers.
Q4b – Roles of wholesalers:
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Providing finance to producers.
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Passing product information to manufacturers.
Q4c – Challenges: -
Poor packaging.
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Bad transport systems.
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Long distribution channels.
Q5a – Price elasticity: responsiveness of demand to price changes.
Q5b –
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Elastic: small price change → large demand change.
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Inelastic: large price change → small demand change.
Q8a –
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Domestic trade = within a country.
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International trade = across national borders.
Q8b – -
Terms of trade = export/import ratio.
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Balance of trade = total exports vs imports.
Q8c – Common issues: -
Poor farming output.
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Weak technology.
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High government spending.
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Weak export drive.
Additional WAEC Economics Answers
Q1 – External economies → B
Q3 – Law of diminishing returns (explained with diagram).
Q4a – Recurrent expenditure = wages, operations.
Q4aii – Difference: monetary policy (CBN actions) vs fiscal policy (tax & spending).
Q6a – Money functions: medium of exchange, store of value, unit of account.
Q8 – Issues in agriculture: limited land, low mechanization, subsistence focus.
 Questions and Answers ){kind=link}
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