S6 Aceiteka mocks 2023 Economics Paper 1 docx || A level Past past paper

ACEITEKA JOINT MOCK EXAMINATIONS 2023

Trending

UCE and UACE Past Papers 2026: Free Mock Papers, Scoring Guides & Notes (PDF)

          Uganda Advanced Certificate of Education

ECONOMICS

PAPER 1

TIME: 3 HOURS

SECTION A: (20 MARKS)

1. (a)(i) Distinguish between direct costs and indirect costs.                                     (02 marks)

(ii) State any two examples of direct costs in an economy.                                       (02 marks)

(b) (i) Distinguish between Take home pay and Real income.                               (02 marks)

(ii) State any two determinants of Real income in an economy.                               (02 marks)

(c) (i) Differentiate between Transfer earnings and Economic rent.                               (02 marks)

(ii) Given that a factor of production receives transfer earnings of shs 200,000 and its economic rent is twice its transfer earnings. Calculate the factor’s actual earnings.      (02 marks)

(d) (i) Distinguish between cyclical unemployment and casual unemployment.     (02 marks)

(ii) Mention any two causes of cyclical unemployment in a market economy. (02 marks)

(e) (i) What is meant by a perspective plan?                                                            (01 mark)

(ii) State any three qualities of a good development plan.                                  (03 marks)

HOW TO OPEN FILE

Once the download is complete, navigate to the location where you saved the file. You can now open and use the file as needed.

Thank you for choosing Exinet Academy as your educational resource. We wish you the very best in your studies and future endeavors. Feel free to explore our website for more useful materials, and don't hesitate to let us know if there's anything else we can do to support you.

#xnetAcademy

SECTION A: (20 MARKS)
1. (a)(i) Distinguish between direct costs and indirect costs. (02 marks)
(ii) State any two examples of direct costs in an economy. (02 marks)
(b) (i) Distinguish between Take home pay and Real income. (02 marks)
(ii) State any two determinants of Real income in an economy. (02 marks)
(c) (i) Differentiate between Transfer earnings and Economic rent. (02 marks)
(ii) Given that a factor of production receives transfer earnings of shs 200,000 and its economic rent is twice its transfer earnings. Calculate the factor’s actual earnings. (02 marks)

(d) (i) Distinguish between cyclical unemployment and casual unemployment. (02 marks)
(ii) Mention any two causes of cyclical unemployment in a market economy. (02 marks)

(e) (i) What is meant by a perspective plan? (01 mark)
(ii) State any three qualities of a good development plan. (03 marks)

S6 Aceiteka mocks 2023 Economics Paper 1 docx || A level Past past paper ( Preview )