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Leb Econ Paper 1 Alevel 2024

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341 views3 pages

Leb Econ Paper 1 Alevel 2024

Uploaded by

nakyanzipeace6
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
Download as pdf or txt
Download as pdf or txt
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P220/1

ECONOMICS
PAPER 1
3 HOURS.
LIGHT EXAMINATIONS BUREAU(LEB)
“The Academic Epitome”
MOCK EXAMINATIONS 2024
Uganda Advanced Certificate of Education
ECONOMICS
PAPER ONE
3 HOURS
INSTRUCTIONS TO CANDIDATES:
Answer five questions only.
Section A is compulsory. Answers to this section should be
precise.
Answer four(4)questions from section B.
All questions in section B carry equal marks.
Credit will be given for use of relevant diagrams.

lightexaminationsbureau@gmail.com The Academic Epitome +256707270906


SECTION A (20 MARKS)

Answer all questions from this section.


1.(a)(i). Distinguish between competitive demand and joint
supply. (02 marks)
(ii).Mention any three examples of competitive supply in an
economy. (03 marks)
(b)(i). Define the term "consumer goods". (01 mark)
(ii). Give any four hinderances faced during the delivering of
consumer goods in developing countries. (04 marks)
(c)(i). Define the term Investment Multiplier. (01 mark)
(ii).Given that the change in Uganda’s national income is 320
Billion Uganda shillings and the marginal propensity to save is
57%.Using the right steps, determine the change in investment
expenditure. (04 marks)
(d)(i). Define the term liquidity preference. (01 mark)
(ii). Outline any four causes of increased levels of liquidity
preference in developing countries. (04 marks)
SECTION B (80 MARKS)
Answer only four (4) questions.
2.(a). Explain the role played by the price mechanism in the
assortment of resources in an economy. (12 marks)
(b). Explain the steps that should be taken in order to improve
the efficiency of the price mechanism in the assortment of
resources in an economy. (08 marks)

lightexaminationsbureau@gmail.com The Academic Epitome +256707270906


3.(a). Define the term Agro-mechanization. (02 marks)
(b). To what extent has Agro-mechanization been influential to
the economy of Uganda? (18 marks)
4.(a). Define the term hypo-development. (05 marks)
(b). Explain the indicators of an economically developing
country. (15 marks)
5.(a). Differentiate between Comparative Cost Advantage and
Absolute Cost Advantage. (06 marks)
(b). Explain the drawbacks of Absolute Cost Advantage in
developing countries. (14 marks)
6.(a). Explain the Neo-Quantity theory of currency. (07 marks)
(b). Explain the glitches of the Neo-Quantity theory of
currency. (13 marks)
7.(a). Account for the extreme rates of cyclical unemployment in
developing countries. (10 marks)
(b). What policies should be employed to curb unemployment in
the economy of a developing country? (10 marks)
END

lightexaminationsbureau@gmail.com The Academic Epitome +256707270906

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