REPUBUQUE DU CAMEROUN REPUBLIC OF CAMEROON

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Paix Travail Patrie - -
Peace V/ork Fatherland

MINISTERE DES ENSEIGNEMENTS SECONDAIRES MINISTRY OF SECONDARY EDUCATION

r MOCIK EXAA4S
CELLULE D’APPUI A L’ACTION PEDAGOGIQUE ... TEACHERS’ RESOURCE UNIT T .
ANTENNE REGIONALE DU NORD QUEST REGIONAL BRANCH FOR THE NORTH WEST

BP 2183 MANKON BAMENDA P.O. BOX: 2183 MANKON BAMENDA

TEL 233 362 209 TEL 233 362 209
Email : trubamenda @yahoo.co.uk Email : trubamenda@yahoo.co.uk

MARCH 2022
The Teachers’ Resource Unit and the Regional SUBJECT CODE PAPER NUMBER
Inspectorate of Pedagogy, in collaboration with NUMBER 2
NOWETA 0525
GENERAL CERTIFICATE OF EDUCATION
AND
INTERMEDIATE TECHNICAL AND
VOCATIONAL EDUCATION REGIONAL SUBJECT TITLE
MOCK EXAMINATION ECONOMICS

ORDINARY LEVEL

Time Allowed : TWO and a half hours

INSTRUCTIONS TO CANDIDATES
Mobile phones are NOT ALLOWED in the examination room.

• You are required to answer FIVE questions.

• All questions carry equal marks.
• You are reminded of the necessity for good English and orderly presentation in your answers.

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 1 (a) Briefly distinguish the following pairs of terms as used in Economics:
( i ) Circulating capital and fixed capita!. (4 marks)
( ii) Verticakintegration and. conglomerate. (4 marks)
(b) State and expfain three (3) factors that hinder occupational mobility of labour. (6 marks)
(c) ExplainJhree (3) reasons for the existence of many small firms in Cameroon in spite
of the advantages of large scale production. (6 marks)
2. ( a) Explain the following concepts as related to external trade.
( i ) Terms of trade. (4 marks)
( ii ) Balance of payment. (4 marks)
(b) Study the tabic below and answer the questions that follow.
2001 - r 2003
Year " " '

100 13C • 150

Index of export prices •

Index of import prices 100 140 140

Calculate the terms of trade for the following years and indicate whether they are
favourable or unfavourable:
( i ) 2002. (3 marks)
( ii) 2003. (3 marks)
(c) State and explain three (3) reasons why there arc restrictions on imports of
goods and services (6 marks)
3. (a) Distinguish between the following pairs of concepts:
(i) Direct and indirect taxes. (4 marks)
( ii ) Budget deficit and budget surplus. (4 marks)
( b) State and explain four (4) reasons why the government imposes indirect taxes. (8 marks)
(c) Outline four (4) canons of a good tax system. (4 marks)
4. The table below shows the levels of satisfaction derived from the consumption of Fanta juice drink.

Quantity (Bottles) Total Utility(Utils) Marginal Utility(Utils)

1 21 21
2 24
26 2
4 27
5 27
(a) (i ) Complete the table by calculating the marginal utility of the consumer. (3 marks)
(ii ) At what level of consumption will the consumer attain satiety and why? (3 marks)
(b) State and explain four (4) factors that influence the supply of fresh tomatoes in Cameroon. (8 marks)
(c) With the aid of diagrams, explain the difference between an extension in demand and
an increase in demand. (6 marks)
5. (a) Briefly distinguish between the following:
( i ) Shares and Debentures. (4 marks)
(ii) Private Limited Company and Public Limited Company. • (4 marks)
( b) Explain the role played by agriculture in the economy of Cameroon . (6 marks)
(c) State and explain three (3) reasons for the slow rate of industrialization in Cameroon. (6 marks)
6. (a ) Distinguish between demand- pull inflation and cost-push inflation. (8 marks)
(b) State and explain three (3) reasons for die demand for money (6 marks)
(c) The Centra! Bank, BEAC, uses monetary instruments to regulate the supply of - •;

money in the CEMAC Zone. State and explain three (3) of such instruments. . . (6 marks) . .
7. (a) With the aid of a diagram, explain the concept of optimum population. (6 marks) »

Ori State and explain tour (4) factors that influence the birth rate in an economy (8 marks)
(c) State and explain the characteristics of a capitalist economy. ( 6 marks)
8. (a ) State and briefly explain the three (3) methods of measuring national income. (6 marks)
(b) Explain four ( 4) factors that can increase the rate of economic growth in Cameroon . (8 marks)
(c) Explain the following types of unemployment:
(0 Cyclical Unemployment. (3marks)
(ii) Residual Unemployment. (3marks)
END
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° TRU / /NOH7;rA 025 /F 2/MOCK 2022
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