P220/2

ECONOMICS

Paper 2

Nov 2020

3 hours

ST. MARYS’ KITENDE

Uganda Advanced Certificate of Education

RESOURCEFUL MOCK EXAMINATIONS 2020

ECONOMICS

PAPER 2

3 HOURS

 

INSTRUCTIONS TO CANDIDATES

  • Answer five questions
  • Section A is compulsory. Answers to this section should be concise.
  • Answer any four questions from section B.
  • All questions in section B carry equal marks.
  • Any extra question(s) attempted will not be marked.

 

SECTION A (20marks)

1. a) i)Distinguish between reserve price and shadow price.            (2marks)

ii) Mention any two determinants of reserve price in Uganda             (2marks)

 

b) i) Define vertical labour mobility.                            (1mark)

ii) Mention any three barriers to occupational mobility of labour in Uganda.                                                (3marks)

 

c) i) Distinguish between liquidity preference and liquidity ratio.        (2mks)

ii) Give any two causes of the high liquidity preference in Uganda.        (2marks)

 

(d) i) Define the term Fiscal policy.                            (1 mark)

ii) Mention any three instruments of Fiscal policy in Uganda.            (3 marks)

 

e) i) Distinguish between a sectoral plan and a comprehensive plan.    (2 marks)

ii) State any two obstacles to effective implementation of economic development plans in Uganda.                                    (2 marks)

 

 

SECTION B: (80 marks)

 

2. a) Distinguish between increase in supply and increase in quantity supplied of a commodity.                                    (4marks)

b) Explain the factors that may cause an increase in the supply of a commodity in Uganda.                                    (16marks)

 

 

3. a) Why is there need to promote resource utilization in Uganda?    (10marks)

 

b) Discuss the factors limiting resource utilization in Uganda.    (10marks)

 

 

4. a) Distinguish between absolute poverty and relative poverty.    (4marks)

b) Explain the factors that influence income distribution in Uganda.

                                            (16marks)

 

 

5. a) Identify the features of the private sector in Uganda.        (6marks)

b) Explain the measures being taken to promote the growth of the private sector in Uganda.                                    (14marks)

 

 

6. a) State the Big Push theory of economic growth.            (2marks)

b) Examine the effects of economic growth in Uganda.            (18marks)

 

 

7. a) Describe the structure of Uganda’s population.            (8marks)

b) Assess the economic implications of the structure of Uganda’s population.                                            (12marks)

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