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S6 Economics

S6 Mock Economics Paper 2 July/August 2017

SECTION A : (20marks)

Answer ALL parts in this question

  1. (a) (i) Define the term composite demand. (01mk)

ii) Give any three examples of composite demand in your country. (03mks)

b) (i) Distinguish between economic profits and normal profits.(02mks)

ii) Mention any two factors that influence the level of profits in your country.(02mks)

c) (i) What are the characteristics of Rostow’s take off stage.(02mks)

ii) Give any two limitations of this theory.(02mks)

d) (i) What is a tariff?(01mk)

ii) Give any three non tariff barrier in your country. (03mks)

e) (i) What is meant by the term credit multipliers.(01mk)

ii) Given that the initial deposit in a bank is Uganda shillings 10,000,000 and the cash ratio is 20%.

 

Calculate the total amount of credit that will be created in a multi bank system.(03mks)

 

                                                                              SECTION B (80marks)

 

Answer any four questions from this section

 

  1. (a) Differentiate between change in supply and change in quantity supplied. (04mks)

b) Examine the factors that lead to a change in supply of a commodity.(16mks)

 

  1. (a) Account for income inequalities in Uganda. (10mks)

b) Examine the merits and demerits of income inequalities.(10mks)

 

  1. (a)  Explain the Keynesian theory of unemployment. (04mks)

b) To what extent is the Keynesian theory of unemployment applicable to your country?(16mks)

 

  1. (a) Differentiate between free trade and protectionism. (04mks)

b) Under what circumstances may protectionism be adopted in your country.(16mks)

 

  1. (a) Explain the role of the National Budget in your country. (10mks)

b) Account for the persistent budgetary deficit in your country.(10mks)

 

  1. (a) Differentiate between imported inflation and structural inflation (04mks)

b) Assess the impact of inflation in your country. (16mks)

 

END

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