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    UACE Economics 2017 Paper 1

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    fahrah dauda
    The document is an economics exam paper from Uganda containing 7 questions across two sections. Section A is compulsory and contains 5 sub-questions related to economics concepts. Section B contains 4 optional questions about price controls, national income determination, industrialization challenges, overpopulation implications, unemployment causes and measures, and the national budget role and deficit control.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    UACE Economics 2017 Paper 1

    Uploaded by

    fahrah dauda
    314 views3 pages
    The document is an economics exam paper from Uganda containing 7 questions across two sections. Section A is compulsory and contains 5 sub-questions related to economics concepts. Section B contains 4 optional questions about price controls, national income determination, industrialization challenges, overpopulation implications, unemployment causes and measures, and the national budget role and deficit control.

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    Economics paper a level with all qns for a candidate to pass

    Original Title

    UACE-Economics-2017-Paper-1

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    The document is an economics exam paper from Uganda containing 7 questions across two sections. Section A is compulsory and contains 5 sub-questions related to economics concepts. Section B contains 4 optional questions about price controls, national income determination, industrialization challenges, overpopulation implications, unemployment causes and measures, and the national budget role and deficit control.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    314 views3 pages

    UACE Economics 2017 Paper 1

    Uploaded by

    fahrah dauda
    The document is an economics exam paper from Uganda containing 7 questions across two sections. Section A is compulsory and contains 5 sub-questions related to economics concepts. Section B contains 4 optional questions about price controls, national income determination, industrialization challenges, overpopulation implications, unemployment causes and measures, and the national budget role and deficit control.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    P220/l

    ECON'..OMICS
    Paper 1
    Nov./Dec. 2017
    3 hours

    UGANDA NATIONAL EXAMINATIONS BOARD


    Uganda Advanced Certificate of Education
    ' '

    ECONOMICS

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    Paper 1
    •

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    3 hours

    rs
    INSTRUCTIONS TO CANDIDATES:
    pe
    Answer five questions only.
    pa

    Sectwn A is compulsory. Answers to this section should be concise.


    st

    Answer four questions from section.B.


    pa

    All questions in section B carry equal marks.


    eb

    Credit will be given/or use of relevant diagrams.

    Any additional question(s) attempted will not be marked.


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    © 2017 Uganda Notional Examinations Board Turn Over


    SECTION A (20 MARKS)
    Answer all parts ofthis question.

    l. (a) (i) What are public goods? (01 mark)


    (ii) Outline any three challenges faced by your country when
    providing public goods. (03 marks)
    (b) (i) State the law of diminishing returns. (OJ mark)
    (ii) Give any three assumptions of the law of diminishing returns.
    (03 marks)
    (c) (i) State the Big-push theory of economic growth. (OJ mark)
    (ii) Mention any three benefits of adopting the Big-push theory in

    om
    developing countries. (03 marks)

    (d) (i) Define the term credit multiplier. (OJ mark)

    .c
    (ii) Given an initial deposit of Shs 750,000 and a cash ratio of 20%,

    rs
    calculate tlie total credit created. (03 marks)
    pe
    . (e) (i) What is meant by the tenn trade diversion? (OJ mark)
    (ii) Give any three effects of trade diversion in an economy.
    (03 marks)
    pa

    SECTION B (80 MARKS)


    st

    Answer any four questions from this section.


    pa

    2. (a) Why may a government impose price controls in an economy?


    (JO marks)
    (b) Examine the implications of price controls in an economy. (JO marks)
    eb

    3. (a) Given that in a two sector economy;


    Marginal propensity to consume = 0.75,
    un

    Investment = US$ 5 bHlion,


    Income US$ 250 billion.
    (i) Calculate the value of the multiplier. (02 marks)
    (ii) If investment increases by US $ 1 billion, determine· the new
    equilibrium level of National income. (02 marks)

    (b) Assess the factors that detennine the level of National income in an
    economy. (16 marks)

    2
    4. (a) Why is there need for industrialisation in less developed countries?
    (JO marks)
    (b) Explain the problems faced by the industrial sector in less developed
    countries. (JO marks)
    5. (a) Distinguish between oV'er-population and optimum population.
    (04 marks)
    (b) Assess the implications of over-population in an economy. (16 marks)

    6. (a) Explain the causes of open-urban unemployment in an economy..


    (JO marks)
    (b) Suggest measures that can be adopted to reduce open-urban

    om
    unemployment in an economy.· (JO marks)
    7. (a) What is the role of the National budget in ai:,. economy? (10 marks)

    .c
    (b) Suggest measures that should be taken to control budgetary d_eficits in
    developing countries. (JO marks)

    rs
    pe
    pa
    st
    pa
    eb
    un

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