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WAEC Economics Past Questions and Answers

Practise WAEC Economics past questions, check the correct answers, understand the explanations, and improve your preparation with QuizRipple.

21,000+ Economics past questions ยท 2020โ€“2026

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Sample Economics past questions

Real WAEC Economics questions with the correct answer and explanation. This is a preview โ€” the full bank continues in the app.

WAEC 2026 easy

The population of a town was 102,000 in 2017 and grew to 117,300 the following year. Calculate the population growth rate for that year.

  • A 35
  • B 15
  • C 45
  • D 168
Explanation: Growth rate = [(117,300 โˆ’ 102,000) รท 102,000] ร— 100 = 15%.
WAEC 2026 easy

The price of a bag of salt was โ‚ฆ25 in the base year and โ‚ฆ40 in the current year. Calculate the price index number for the current year, using the base year as 100.

  • A 185
  • B 175
  • C 480
  • D 160
Explanation: Index number = (40 รท 25) ร— 100 = 160.
WAEC 2026 easy

The population of a town was 156,000 in 2017 and grew to 195,000 the following year. Calculate the population growth rate for that year.

  • A 75
  • B 25
  • C 415
  • D 55
Explanation: Growth rate = [(195,000 โˆ’ 156,000) รท 156,000] ร— 100 = 25%.
WAEC 2026 easy

The population of a town was 177,000 in 2017 and grew to 194,700 the following year. Calculate the population growth rate for that year.

  • A 30
  • B 187
  • C 25
  • D 10
Explanation: Growth rate = [(194,700 โˆ’ 177,000) รท 177,000] ร— 100 = 10%.
WAEC 2026 easy

The price of a bag of salt was โ‚ฆ10 in the base year and โ‚ฆ9 in the current year. Calculate the price index number for the current year, using the base year as 100.

  • A 90
  • B 270
  • C 100
  • D 89
Explanation: Index number = (9 รท 10) ร— 100 = 90.
WAEC 2026 easy

Select the option that correctly explains the term 'Factors of production'.

  • A A business organisation owned by shareholders and recognised as a separate legal entity
  • B A market structure with many buyers and sellers selling identical products
  • C A bank that accepts deposits and grants loans to members of the public
  • D The resources used to produce goods and services: land, labour, capital, and entrepreneurship
Explanation: 'Factors of production' means: The resources used to produce goods and services: land, labour, capital, and entrepreneurship.
WAEC 2026 easy

The population of a town was 65,000 in 2017 and grew to 84,500 the following year. Calculate the population growth rate for that year.

  • A 30
  • B 90
  • C 225
  • D 65
Explanation: Growth rate = [(84,500 โˆ’ 65,000) รท 65,000] ร— 100 = 30%.
WAEC 2026 easy

The population of a town was 458,000 in 2016 and grew to 503,800 the following year. Calculate the population growth rate for that year.

  • A 30
  • B 25
  • C 10
  • D 468
Explanation: Growth rate = [(503,800 โˆ’ 458,000) รท 458,000] ร— 100 = 10%.

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Preparing for WAEC Economics

Start with past questions from the most recent years, since they best reflect the current format. Work through each question fully before checking the answer, then read the explanation even when you got it right โ€” it often reveals a faster way to solve the next one. Repeat across older years to cover the full range of topics WAEC has asked about in Economics.

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Yes โ€” 21000 Economics past questions spanning 2020โ€“2026, each with the correct answer.

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Most Economics questions include a short explanation of why the correct option is right, not just the answer key.

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