ACEITEKA JOINT MOCK EXAMINATIONS 2023
UGANDA ADVANCED CERTIFICATE OF EDUCATION
ECONOMICS - PAPER 2
TIME: 3 HOURS
SECTION A (20 MARKS)
Answer all parts of this question.
- 1. (a) (i) What is meant by Subsistence output? (01 mark)
. (ii) Mention any three demerits of a large subsistence sector in Uganda. (03 marks)
(b) (i) Define the term Government multiplier. (01 mark)
(ii) Given that a country’s investment expenditure rises from shs 125 billion to shs 160 billion and Marginal Propensity to Save (MPS) is 40%. Calculate the final change in national income. (03 marks)
(c) (i) Distinguish between Capital consumption and Capital accumulation.. (02 marks) (ii) Give two factors influencing capital accumulation in Uganda. (02 marks)
(d) (i) Define disguised unemployment. (01 mark)
(ii) Mention three causes of disguised unemployment in an economy. (03 marks)
(e) (i) Differentiate between tax base and taxable capacity. (02 marks)
(ii) State any two factors responsible for the narrow tax base in Uganda. (02 marks)
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Answer all parts of this question.
1. (a) (i) What is meant by Subsistence output? (01 mark)
. (ii) Mention any three demerits of a large subsistence sector in Uganda. (03 marks)
(b) (i) Define the term Government multiplier. (01 mark)
(ii) Given that a country’s investment expenditure rises from shs 125 billion to shs 160 billion and Marginal Propensity to Save (MPS) is 40%. Calculate the final change in national income.
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