{"id":60,"date":"2023-04-01T12:38:05","date_gmt":"2023-04-01T12:38:05","guid":{"rendered":"http:\/\/localhost\/solvefor2\/?p=60"},"modified":"2023-04-01T12:01:49","modified_gmt":"2023-04-01T12:01:49","slug":"economics-paper-1-uace-mock-2016","status":"publish","type":"post","link":"https:\/\/edu.co.tz\/notes\/economics-paper-1-uace-mock-2016\/","title":{"rendered":"ECONOMICS Paper 1 UACE MOCK 2016"},"content":{"rendered":"<p><span style=\"font-family:Arial\"><strong>P220\/1<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Arial\"><strong>ECONOMICS<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Arial\"><strong>PAPER 1<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Arial\"><strong>AUGUST,2016<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Arial\"><strong>3 HOURS<br \/>\n<\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:14pt\"><strong>Uganda Advanced Certificate of Education<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:14pt\"><strong>RESOURCEFUL MOCK 2016<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:14pt\"><strong>ECONOMICS<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:14pt\"><strong>Paper 1<em><br \/>\n\t\t\t\t<\/em><\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:14pt\"><strong><em>3 Hours<br \/>\n<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-family:Arial; font-size:13pt; text-decoration:underline\"><strong>INSTRUCTIONS:<br \/>\n<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"font-family:Arial; font-size:13pt\"><em>Section <strong>A <\/strong>is <strong>compulsory<\/strong><br \/>\n\t\t\t\t<\/em><\/span><\/li>\n<li><span style=\"font-family:Arial; font-size:13pt\"><em>Answers to this section should be <strong>precise <\/strong>and <strong>concise<\/strong>.<br \/>\n<\/em><\/span><\/li>\n<li><span style=\"font-family:Arial; font-size:13pt\"><em>Answer <strong>four <\/strong>questions from section <strong>B<\/strong>.<br \/>\n<\/em><\/span><\/li>\n<li><span style=\"font-family:Arial; font-size:13pt\"><em><strong>Credit <\/strong>will be given for use of relevant graphs.<br \/>\n<\/em><\/span><\/li>\n<\/ul>\n<p style=\"text-align: center\"><span style=\"font-family:Arial; font-size:13pt\"><strong><span style=\"text-decoration:underline\">SECTION A:<\/span> (20 Marks)<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">1.(a)(i)  Distinguish between <strong>gross domestic product of factor costs <\/strong>and<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\"><strong>net national product of market price<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">(ii)  Given gross domestic product of factor costs, what adjustments are required to<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family:Arial; font-size:13pt\">       obtain net national product at market prices?\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 31pt\"><span style=\"font-family:Arial; font-size:13pt\">(b)(i)  Differentiate between <strong>big push theory <\/strong>and <strong>balanced growth theory <\/strong>of<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">         economic growth.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\"><em><br \/>\n\t\t\t<\/em>(ii)  State any <strong>two factors <\/strong>that limit the implementation of big push strategy of<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">          economic growth in your country. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\">\n\u00a0<\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">(c)(i)  Distinguish between <strong>frictional <\/strong>and <strong>structural <\/strong>unemployment. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">   (ii)  Mention <strong>two causes <\/strong>of frictional unemployment in a market economy. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: right; margin-left: 4pt\"><span style=\"font-size:13pt\"><strong>TURN OVER<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">(d)(i)  Distinguish between <strong>currency devaluation <\/strong>and <strong>currency depreciation. \u00a0\u00a0\u00a0\u00a0<\/strong><em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">    (ii)  Given the <strong>exchange rate <\/strong>of 1 U.S $ for Shs.2,900, if Uganda devalued her currency<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">          By <strong>10%<\/strong>.  Calculate the <strong>new exchange rate<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">(e)(i)  Distinguish between <strong>reproductive <\/strong>and <strong>dead weight debt<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">    (ii)  State <strong>two methods <\/strong>of settling public debts in developing countries. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\">\n\u00a0<\/p>\n<p style=\"margin-left: 4pt\">\n\u00a0<\/p>\n<p style=\"margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\"><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<span style=\"text-decoration:underline\">SECTION B<\/span>: (80 Marks)<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\"><strong><em>Attempt any <span style=\"text-decoration:underline\">four<\/span> questions in this section<br \/>\n<\/em><\/strong><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\">\n\u00a0<\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">2.(a)  Distinguish between <strong>price legislation<\/strong> and <strong>price discrimination<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(04mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">   (b)  Discuss the <strong>reasons <\/strong>for the existence of price legislation in a market economy<em>(16mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\">\n\u00a0<\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">3.(a)  Differentiate between <strong>economic growth <\/strong>and <strong>economic under-development<\/strong>.<em>(04mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">   (b)  Discuss the <strong>factors <\/strong>that influence economic growth rate in developing economies.<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(16mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">4.(a)  State the <strong>marginal productivity theory of distribution<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(02mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">   (b)  Examine the <strong>applicability <\/strong>of the marginal productivity theory of distribution to<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">         developing economies. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(18mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">5.(a)  Distinguish between <strong>cost push inflation <\/strong>and <strong>demand pull inflation<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(04mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">   (b)  To what <strong>extent <\/strong>is inflation in developing economies caused by rising costs of<br \/>\n<\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">          production.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(16mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\">\n\u00a0<\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">6.(a)  Describe the <strong>features <\/strong>of an economic union. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(06mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">   (b)  Discuss the <strong>factors <\/strong>that limit economic integration in developing economies. \u00a0\u00a0\u00a0\u00a0<em>(14mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\">\n\u00a0<\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">7.(a)  Distinguish between <strong>centralized <\/strong>and <strong>decentralized planning<\/strong>. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>(04mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\"><span style=\"font-family:Arial; font-size:13pt\">   (b)  Examine the <strong>implications <\/strong>of decentralized planning in developing economies. <em>(16mks)<br \/>\n<\/em><\/span><\/p>\n<p style=\"text-align: justify; margin-left: 4pt\">\n\u00a0<\/p>\n<h1>END.\u00a0\u00a0\u00a0\u00a0<\/h1>\n","protected":false},"excerpt":{"rendered":"<p>P220\/1 ECONOMICS PAPER 1 AUGUST,2016 3 HOURS \u00a0 Uganda Advanced Certificate of Education RESOURCEFUL MOCK 2016 ECONOMICS Paper 1 3<\/p>\n","protected":false},"author":1,"featured_media":290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,1],"tags":[],"class_list":["post-60","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ECONOMICS Paper 1 UACE MOCK 2016 - MAKTABA EDUCATION CENTER<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/edu.co.tz\/notes\/economics-paper-1-uace-mock-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECONOMICS Paper 1 UACE MOCK 2016 - MAKTABA EDUCATION CENTER\" \/>\n<meta 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