Economics Mocks Questions A Level 2023
Economics Mocks Questions A Level 2023
Economics Mocks Questions A Level 2023
SECTION A
TOPIC: Introduction to Economics
WAKISSHA P220/1 (i) Define the term an economic good (01 Mark)
(ii) Give any three reasons why leisure is regarded as an economic good
(03 Marks)
BECO P220/1 (i) Distinguish between Choice and Opportunity Cost (02 Marks)
(ii) Mention any two significance of Opportunity Cost in economics (02 Marks)
(ii) Give any three factors that limit the outward shift of the product
transformation curve (03 Marks)
MACADITA P220/1 (i) Distinguish between Merit Goods and Demerit Goods (02 Marks)
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(ii) Give any two examples of Demerit goods (02 Marks)
ANKOLE P220/2 (i) Distinguish between Free Goods and Economic Goods (02 Marks)
CRETA P220/2 (i) Distinguish between Change in Demand and Change in Quantity Demanded
(02 Marks)
(ii) State two factors that may lead to a change in demand for a commodity in
Uganda (02 Marks)
WAKISSHA P220/2 (i) Distinguish between Derived Demand and Aggregate Demand (02 Marks)
(ii) Give two causes of an increase in aggregate demand in Uganda (02 Marks)
BECO P220/2 (i) Distinguish between Resale Price Maintenance and Reserve Price (02 Marks)
(ii) State any Two advantages of Resale Price Maintenance in Uganda (02 Marks)
SEC P220/2 (i) Distinguish between Resale price maintenance and Reserve price (02 Marks)
UTEC P220/2 (i) Differentiate between Collusive Pricing and Price Leadership (02 Marks)
UEBETA P220/1 (i) Distinguish between Market Demand and Effective Demand (02 Marks)
(ii) State two reasons why a normal demand curve is negatively sloped (02 Marks)
ACEITEKA P220/1 (i) Define the term Income Elasticity of Demand (01 Mark)
(ii) Given that an individual’s income increased from Shs. 60,000 to Shs. 100,000
per month and this led to an increase in demand for a commodity by 20%.
Calculate the elasticity of demand (03 Marks)
ACEITEKA P220/2 (i) Define resale price maintenance (01 Mark)
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(ii) State any three merits of resale price maintenance in Uganda (03 Marks)
KASSEC P220/1 (i) What is meant by Price Elasticity of Demand? (01 Mark)
KASSEC P220/2 (i) Mention any two characteristics of land (02 Marks)
EJEB P220/1 (i) Define the term producer’s surplus (01 Mark)
(ii) Study the table below and answer the questions that follow
Price Quantity
(Shs) (Kgs per week)
1,000 1
2,000 2
3,000 3
4,000 4
5,000 5
Calculate producer surplus when 4 Kgs are brought at Shs 4,000 (03 Marks)
JJEB P220/1 (i) Define the term Resale Price Maintenance (01 Mark)
(ii) Give any three merits of Resale Price Maintenance in an economy (03 Marks)
MACADITA P220/2 (i) Distinguish between Resale Price Maintenance and Price Leadership
(02 Marks)
KAJEB P220/1 (i) Distinguish between Consumer Surplus and Producer Surplus (02 Marks)
(ii) Study the table below and answer the questions that follow;
Quantity Demanded 1 2 3 4 5 6
Given that the market price is Shs 150, Calculate the Consumer’s Surplus (02
Marks)
UTES P220/2 State any four methods of determining prices in your country (04 Marks)
ANKOLE P220/1 Given that an increase in price of commodity N from Shs 100,000 to Shs 120,000 led
to a reduction in quantity demanded of commodity K by 25%
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(ii) Identify the relationship between the two commodities (01 Mark)
(ii) Calculate the Price Elasticity of Demand if an increase in the price of Sugar
from Shs 2,000 to Shs 2,500 per Kilogram resulted into a 10% decrease in
demand (03 Marks)
MATIGO P220/2 (i) Differentiate between Aggregate Supply and Aggregate Demand (02 Marks)
(ii) Mention two factors that determine the level of aggregate supply in Uganda
(02 Marks)
TESO P220/2 (i) Distinguish between Composite Demand and Derived Demand (02 Marks)
KASESE P220/2 (i) Distinguish between Joint Supply and Competitive Supply (02 Marks)
(ii) Mention any two examples of Jointly Supplied goods in Uganda (02 Marks)
STEC P220/1 (a) Distinguish between Elasticity of Demand and Price Elasticity of Demand
(02 Marks)
(b) Given that a change in income from Shs 50,000 to Shs 90,000 led to a change
in quantity demanded of a commodity by 20%. Calculate the relevant
elasticity of demand and state the degree of elasticity (02 Marks)
CRETA P220/1 (i) Define the term Price Discrimination (01 Mark)
BECO P220/1 (i) Define the term Marginal Efficiency of Capital (01 Marks)
BECO P220/2 (i) Differentiate between Excess Capacity and Over Production (02 Marks)
UTEC P220/1 (i) Distinguish between Location and Localization of an Industry (02 Marks)
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SEC P220/1 (i) Distinguish between average cost and marginal cost (02 Marks)
(ii) State two factors that lead to increase in cost of production (02 Marks)
UMTA P220/1 (i) Distinguish between Location and Localization of an Industry (02 Marks
UMTA P220/2 (i) Differentiate between Normal Profits and Economic Profits (02 Marks)
ACEITEKA P220/1 (i) Distinguish between quasi rent and economic rent (02 Marks)
(ii) Why are payments to land always considered economic rent? (02 Marks)
KASSEC P220/1 (i) Define the term Price Discrimination (01 Mark)
JJEB P220/1 (i) Distinguish between Conglomerate Merging and Vertical Merging of firms
(02 Marks)
JJEB P220/2 (i) Distinguish between Implicit Cost and Explicit Cost (02 Marks)
(ii) Give any two reasons for the rising productions costs in Uganda (02 Marks)
MACADITA P220/1 (i) What is meant by the term Price Discrimination? (01 Mark)
(ii) Give any three conditions necessary for the success of price discrimination
(03 Marks)
KAJEB P220/1 (i) Define the term Marginal Revenue (01 Mark)
(ii) State the relationship between Average Revenue and Marginal Revenue of
perfectly competitive firm (03 Marks)
KAJEB P220/2 (i) Differentiate between Perfect Oligopoly and Imperfect Oligopoly (02 Marks)
(ii) Give any two advantages of Oligopolistic Markets to the consumer (02 Marks)
UTES P220/1 (i) State the Law of Variable Proportions (01 Mark)
(ii) Mention any three assumptions underlying this law (03 Marks)
UTES P220/2 (i) Define the term Geographical Mobility of Labour (01 Mark)
(ii) Give any three measures that may increase Geographical Mobility of Labour
in your country (03 Marks)
ANKOLE P220/1 (i) Define the term Industrial Inertia (01 Mark)
(ii) How is normal profit obtained under perfect competition? (03 Marks)
KABALE P220/2 (i) Distinguish between Fixed Costs and Variable Costs (02 Marks)
(ii) State any three factors that influence costs of production in Uganda
(02 Marks)
KASSHIPA P220/1 (i) State the laws of diminishing Marginal Utility (01 Mark)
KASSHIPA P220/1 Give any four reasons why labour may find it difficult to change from one job to
another (04 Marks)
MATIGO P220/1 (i) Differentiate between equilibrium of an industry and equilibrium of a firm
(02 Marks)
MATIGO P220/1 Below are costs and revenue of a firm. Using the information provided answer the
questions that follow;
0 - 900
1 400 1200
2 800 1420
3 1200 1550
4 1600 1650
5 2000 1650
6 2400 1730
7 2800 1980
(iv) What are its Total Variable Cost for the first two units of output?
(01 Mark)
TESO P220/2 (i) Differentiate between Average Product and Marginal Product
(02 Marks)
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(ii) Mention any two factors that may lead to a fall in Marginal Product of Labour
in Uganda (02 Marks)
KASESE P220/2 (i) Define the term Transfer Earnings (01 Mark)
(ii) Given that the Transfer Earnings of a factor of production is Shs 600,000 and
that it’s Economic Rent is 15% of the Transfer Earnings. Calculate the Actual
Earnings of the factor of production (03 Marks)
STEC P220/2 (i) Distinguish between Excess Capacity and Over Production (02 Marks)
STEC P220/1 (a) Distinguish between Economic Rent and Commercial Rent (02 Marks)
(b) Mention two causes of high economic rent in an economy (02 Marks)
CRETA P220/1 (i) Distinguish between GDP at Factor Cost and GNP at Market Price (02 Marks)
WAKISSHA P220/2 (i) Define the term Gross Domestic Product at Factor Cost (01 Mark)
(ii) Given that GDP at market price is Shs 900 billion, outlays are Shs 620 billion
and Subsidies are Shs 400 billion. Calculate Gross Domestic Product at factor
cost (03 Marks)
BECO P220/1 (i) Differentiate between Transfer Earnings and Transfer Payments (02 Marks)
BECO P220/2 (i) Define the term Price Index (01 Mark)
SEC P220/1 (i) Differentiate between multiplier and accelerator theory of investment
(02 Marks)
(ii) Given that the marginal propensity to consume is 0.75, calculate the size of
multiplier (02 Marks)
(ii) Mention Three factors that cause an increase in Real Income in an economy
(03 Marks)
(ii) Mention any Three measures that should be taken to increase Savings in
Uganda (03 Marks)
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UTEC P220/1 (i) Distinguish between the Multiplier and Accelerator Principle as used in
Economics (02 Marks)
(ii) Given that the Marginal Propensity to Consume is 80% and change in income
is Shs. 1,000,000. Calculate;
UEBETA P220/1 (i) Define real per capita income (01 Mark)
(ii) Suppose a country’s nominal income is the year 2020 was 24 million, and the
price index in that year was 120 while it population was 4 million people.
Calculate the country’s real per capita income (03 Marks)
ACEITEKA P220/2 (i) Define the term Marginal Propensity to Save (01 Mark)
(ii) In an economy, MPS is 0.25 and the change in savings is Shs. 140 billion.
Calculate the change in income (03 Marks)
KASSEC P220/1 (i) Define the term Standard of Living (01 Mark)
(ii) State any three measures that should be taken to improve Standards of Living
in an economy (03 Marks)
(i) Gross Domestic product and Gross National product (02 Marks)
(ii) Real per capita income and Nominal per capita income (02 Mark)
JJEB P220/2 The value of capital stock at the beginning of the year was 200 billion shillings and the
total output produced by the capital during the year was 500 billion shillings. If the
depreciation cost of the capital was 10%. Calculate;
(ii) The net output produced during the year (02 Marks)
MACADITA P220/2 (i) Distinguish between GNP at factor cost and GDP at market price (02 Marks)
(ii) Given that GDP at market price is Shs 750 billion, Indirect Taxes amount to
Shs 200 billion, and subsidies are Shs 250 billion. Calculate GDP at factor
cost (02 Marks)
UTES P220/1 (i) Define the term Marginal Propensity to Import (01 Mark)
(ii) Given that a country’s GDP increased from 125 million shillings to 400
million shillings and the value of imports increased from 35 million shillings.
Calculate the Marginal Propensity to Import (03 Marks)
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ANKOLE P220/1 State four factors that may increase Savings in an economy (04 Marks)
KABALE P220/2 (i) Differentiate between National Income at Market Price and National Income
at Factor Cost (02 Marks)
(ii) Given that Gross National Income is valued at Shs 260 trillion and Net Income
from abroad is Shs 25 trillion. Calculate the GDP (02 Marks)
MATIGO P220/1 (i) Distinguish between NNP at Market Price and GDP at Factor Cost (02 Marks)
(ii) What adaptations are required to obtain GDP at Factor Cost give NDP at
Market Price (02 Marks)
TESO P220/1 (i) Distinguish between Leakages and Injections as used in National Income
(02 Marks)
STEC P220/2 (i) Distinguish between Injections and Leakages (02 Marks)
CRETA P220/2 (i) Differentiate between Direct Economic Dependence and External Resource
Dependence (02 Marks)
UEBETA P220/2 Write down four features of the formal sector in Uganda (04 Marks)
KASSEC P220/2 Mention any four features of dualism in your country (04 Marks)
KABALE P220/2 State any four negative effects of economic dependence in Uganda (04 Marks)
WAKISSHA P220/1 Mention any four traits of Rostows take off stage of Economics Growth (04 Marks)
WAKISSHA P220/2 (i) State the big push theory (01 Mark)
(ii) Give three constraints to the adoption of the big push theory in Uganda
(03 Marks)
BECO P220/2 (i) Define the term Economic Development (01 Mark)
SEC P220 (i) What is meant by the term critical minimum effort as used in balanced growth
strategy? (01 Mark)
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(ii) Mention any three conditions for the success of balanced growth strategy
(03 Marks)
UTEC P220/1 (i) State the Big Push theory of Economic Growth (01 Mark)
(ii) Mention any three benefits of adapting the Big Push theory in developing
countries (03 Marks)
UEBETA P220/2 (i) Distinguish between Critical Minimum Effort and Big Push Theory of
Economic Growth (02 Marks)
(ii) State any two factors in Uganda that limit the application of the Big push
theory (02 Marks)
ACEITEKA P220/1 (i) Distinguish between forward linkages and backward linkages (02 Marks)
KAJEB P220/1 State any four features of Rostow’s drive to maturity stage of economic growth
(04 Marks)
UTES P220/1 (i) State the Big Push theory of Economic Growth (01 Mark)
(ii) Mention any three limitations of the Big Push Theory in Developing Countries
(03 Marks)
ANKOLE P220/1 State four features of Drive to Maturity stage of Economic Growth (04 Marks)
STEC P220/2 (i) State the Unbalanced Growth Strategy (01 Mark)
CRETA P220/2 (i) Define the term appropriate technology (01 Mark)
(ii) Outline three factors that hinder the adoption of appropriate technology in
Uganda (03 Marks)
UEBETA P220/1 (i) Distinguish between Intermediate Technology and Appropriate Technology
(02 Marks)
ACEITEKA P220/1 (i) Distinguish between appropriate technology and intermediate technology
(02 Marks)
(ii) Give any two factors which have affected the development of appropriate
technology in developing countries (02 Marks)
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EJEB P220/1 (i) Distinguish between foreign aid and foreign capital (02 Marks)
(ii) Mention two advantages of foreign aid to developing countries (02 Marks)
MACADITA P220/1 (i) Define the term Tied Aid (01 Mark)
(ii) Give any three challenges of relying on foreign aid in developing countries
(03 Marks)
MACADITA P220/2 (i) Differentiate between Intermediate Technology and Appropriate Technology
(02 Marks)
(ii) Give any two factors that affect the development of appropriate technology in
Uganda (02 Marks)
(ii) State any two factors in Uganda that limit Agricultural Modernization
(02 Marks)
CRETA P220/1 (i) State the Marginal Productivity Theory of Wages (01 Mark)
WAKISSHA P220/1 State any four motives of forming labour organizations in an economy (04 Marks)
SEC P220/2 (i) State the marginal productivity theory of wages (01 Mark)
(ii) State three challenges faced by Trade Unions in Uganda (03 Marks)
ACEITEKA P220/2 (i) What is meant by a minimum wage? (01 Mark)
(ii) Outline any three methods of determining wages in an economy (03 Marks)
KAJEB P220/2 (i) Distinguish between Piece Rate and Time Rate Method of Wage Payment
(02 Marks)
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(ii) State any two merits of Piece Rate Method of Wage Payment (02 Marks)
ANKOLE P220/2 (i) Define the phrase Collective Bargaining (01 Mark)
(ii) State any three factors which have affected the success of labour organizations
in Uganda (03 Marks)
TESO P220/1 (i) Distinguish between Piece Rate and Time Rate System of Wage Payment
(02 Marks)
(ii) State any two merits of Piece Rate System of Wage Payment (02 Marks)
KASESE P220/2 (i) Define the term Labour force (01 Mark)
(ii) Outline any three characteristics of Labour Force in Uganda (03 Marks)
STEC P220/1 (i) Distinguish between Over Population and Under Population (02 Marks)
(ii) State two problems arising from rapid population growth rate in developing
countries (02 Marks)
CRETA P220/1 (i) Distinguish between Disguised Unemployment and Frictional Unemployment
(02 Marks)
BECO P220/1 (i) Differentiate between Technological and Seasonal Unemployment (02 Marks)
(ii) Give any Two causes of Seasonal Unemployment in an economy (02 Marks)
(ii) Under what circumstances may voluntary unemployment occur? (03 Marks)
UMTA P220/2 (i) Distinguish between Structural Unemployment and Frictional Unemployment
(02 Marks)
(ii) Give any two causes of Frictional Unemployment in Uganda (02 Marks)
(ii) Give any two causes of Structural Unemployment in your country (02 Marks)
EJEB P220/1 (i) Distinguish between frictional unemployment and disguised unemployment
(02 Marks)
(ii) Suggest any two measures that should be taken to solve the problem of
Technological Unemployment (02 Marks)
CRETA P220/1 (i) Distinguish between Fiat Money and Fiduciary Issue (02 Marks)
UMTA P220/1 (i) State Irving Fisher’s quantity theory of money (01 Mark)
(ii) Mention any Three limitations of the quantity theory of money (03 Marks)
UTEC P220/1 (i) Distinguish between Money Supply and Demand for Money (02 Marks)
(ii) Mention any two motive of demand for money (02 Marks)
(ii) A commercial bank lends out Shs. 500,000 at a compound interest of 10% per
annum. Calculate the interest the borrower pays back after 2 years (03 Marks)
EJEB P220/1 (i) What is the difference between liquidity ratio and liquidity preference?
(02 Marks)
(ii) State two factors that may lead to increase in liquidity preference in
developing countries (02 Marks)
UTES P220/2 (i) What is meant by the term Money? (01 Mark)
ANKOLE P220/2 (i) What is meant by Discretionary Money Supply? (01 Mark)
(ii) Mention any three factors that influence the level of money supply in Uganda
(03 Marks)
KASSHIPA P220/1 (i) State the Irving Fisher’s Quantity Theory of Money (01 Mark)
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(ii) Give any three circumstances under which an increase in Money Supply may
not increase in the general price level in an economy (03 Marks)
TOPIC: Inflation
WAKISSHA P220/1 (i) Distinguish between Bottleneck Inflation and Cost Push Inflation (02 Marks)
KASSEC P220/2 (i) Define the term Cost Push Inflation (01 Mark)
(ii) Mention any three causes of Cost Push Inflation in your country (03 Marks)
JJEB P220/1 Give any four causes of cost push inflation in an economy (04 Marks)
JJEB P220/2 (i) Distinguish between bottleneck and cost push inflation (02 Marks)
(ii) Mention any two causes of bottle neck inflation in Uganda (02 Marks)
MACADITA P220/1 (i) Differentiate between Creeping Inflation and Galloping Inflation (02 Marks)
KABALE P220/2 (i) What is meant by the term Bottleneck Inflation? (01 Mark)
(ii) Outline any three causes of Bottleneck Inflation in Uganda (03 Marks)
TESO P220/2 (i) Distinguish between Cost Push Inflation and Monetary Inflation (02 Marks)
(ii) Name any two causes of Monetary Inflation in Uganda (02 Marks)
KASESE P220/2 (i) Define the term Structural Inflation (01 Mark)
(ii) State any three Causes of Structural Inflation in Uganda (03 Marks)
(ii) JPK Telecommunication Limited gross income for the year 2022 was UGX
90,000,000 and his allowable expenses amounted to UGX 65,000,000.
Calculate his chargeable income and determine the amount of tax payable
(03 Marks)
WAKISSHA P220/1 (i) Differentiate between Centralized Planning and Decentralized Planning
(02 Marks)
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(ii) Mention any two demerits of centralized planning in an economy (02 Marks)
BECO P220/2 (i) What is meant by Value Added Tax? (01 Mark)
(ii) State any Three advantages of Value Added Tax in Uganda (03 Marks)
SEC P220/1 (i) Define the term tax compliance (01 mark)
UMTA P220/1 (i) Distinguish between Tax Compliance and Tax Avoidance (02 Marks)
(ii) Suggest any two measures that can be used to promote tax compliance in an
economy (02 Marks)
(ii) State any three instruments of fiscal policy used in Uganda (03 Marks)
UEBETA P220/2 (i) What is meant by Public Debt Management? (01 Mark)
KASSEC P220/1 (i) Differentiate between Tax Compliance and Tax Avoidance (02 Marks)
(ii) Mention any two factors that affect Tax Compliance in an economy
(02 Marks)
(ii) Give any three ways in which price elasticity of demand affects tax incidence
(03 Marks)
MACADITA P220/1 On 1st January 2023, you sold water tanks that cost Shs 25,000,000 to Atim Prossy at
Shs 30,000,000. All the transactions were VAT inclusive. Using the VAT rate of
18%. Calculate VAT liability (04 Marks)
MACADITA P220/2 (i) Define the term Tax Compliance (01 Mark)
KAJEB P220/2 (i) Differentiate between a Progressive Tax and a Regressive Tax (02 Marks)
(ii) Give any two reasons for imposing a Progressive Tax in your country
(02 Marks)
KAJEB P220/2 (i) Distinguish between a Productive Debt and Dead Weight Debt (02 Marks)
(ii) State two ways in which a Public Debt can be redeemed (02 Marks)
UTES P220/1 (i) Distinguish between Incidence of a tax and Impact of a tax (02 Marks)
UTES P220/2 (i) Differentiate between a Progressive Tax and a Regressive Tax (02 Marks)
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(ii) Mention any two effects of a Progressive Tax System in your country
(02 Marks)
ANKOLE P220/2 (i) Distinguish between Tax Compliance and Tax Shifting (02 Marks)
KABALE P220/1 (i) Distinguish between Regressive Taxation and Progressive Taxation
(02 Marks)
KABALE P220/2 (i) Define the term Public Expenditure (01 Mark)
(ii) Mention any three measures that have been taken to reduce Public
Expenditure in Uganda (03 Marks)
MATIGO P220/1 (i) Distinguish between Proportional and Regressive Tax (02 Marks)
(ii) Give two effects of Proportional tax in a market economy (02 Marks)
MATIGO P220/2 (i) Define the term Tax Compliance as used in Uganda (01 Mark)
(ii) Mention three causes of low tax compliance in Uganda (03 Marks)
TESO P220/1 (i) Distinguish between Tax Evasion and Tax Avoidance (02 Marks)
(ii) Give any two ways of reducing Tax Evasion in an economy (02 Marks)
(ii) Outline any three elements of Tax Compliance in Uganda (03 Marks)
KASESE P220/2 Outline any four features of a narrow tax base in Uganda (04 Marks)
CRETA P220/2 (i) Distinguish between free trade and protectionism (02 Marks)
SEC P220/1 (i) State the principle of comparative advantage as used in international trade
(01 mark)
(ii) Give three ways in which the principle of comparative advantage is relevant to
developing countries (03 Marks)
SEC P220/2 (i) Differentiate between Devaluation and Currency depreciation (02 Marks)
UTEC P220/1 (i) What is meant by the term Trade Diversion? (01 Mark)
(ii) Give any three effects of Trade Diversion in an economy (03 Marks)
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UMTA P220/1 Country A has export unit value index of 80 and import unit value of 105
(ii) Balance of Payments Surplus and Balance of Payment deficit (02 Marks)
KASSEC P220/1 (i) Define the term Commercial Policy (01 Mark)
(ii) Give any three objectives of the Commercial Policy in an economy (03 Marks)
JJEB P220/2 (i) Distinguish between commercial policy and trade liberalization policy
(02 Marks)
(ii) Give any two instruments of commercial policy in Uganda (02 Marks)
KAJEB P220/2 (i) State the Law of Comparative Cost Advantage (01 Mark)
(ii) Give any three assumptions of the Law of Comparative Cost Advantage
(03 Marks)
UTES P220/2 (i) Distinguish between Trade Diversion and Trade Creation (02 Marks)
ANKOLE P220/1 (i) Distinguish between Progressive Tax and Regressive Tax (02 Marks)
KABALE P220/1 (i) State the Law of Comparative Advantage (01 Mark)
(ii) What are the limitations of the Law of Comparative Advantage? (03 Marks)
MATIGO P220/1 (i) Differentiate between Managed Exchange Rate and Fixed Exchange Rate
(02 Marks)
(ii) State two demerits of exchange rate control in a market economy (02 Marks)
(ii) Give three causes of exchange rate fluctuations in Uganda (02 Marks)
TESO P220/1 (i) What is meant by the term Foreign Exchange Rate Control? (02 Marks)
(ii) Mention any two objectives of Foreign Exchange Rate Control (02 Marks)
TESO P220/2 (i) Differentiate between Customs Union and Common Market (02 Marks)
STEC P220/2 (i) Distinguish between Free Trade and Protectionism (02 Marks)
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(ii) State two effects of a Free Trade Policy in Uganda (02 Marks)
STEC P220/1 (a) Distinguish between Absolute Advantage and Comparative Advantage
(02 Marks)
(ii) Mention any Three demerits of partial planning in an economy (03 Marks)
SEC P220/2 (i) Define the term decentralized planning (01 mark)
UMTA P220/2 (i) Distinguish between Centralized Planning and Indicative Planning (02 Marks)
(ii) State any factors that limit Centralized Planning in Uganda (02 Marks)
UEBETA P220/2 (i) Differentiate between Perspective Planning and Partial Planning (02 Marks)
(ii) Give any two problems in Uganda faced during plan formulation (02 Marks)
ACEITEKA P220/1 (i) Distinguish between an operational plan and partial plan (02 Marks)
(ii) Give any two demerits of a partial plan in an economy (02 Marks)
ACEITEKA P220/2 (i) Define economic development planning (01 Mark)
(ii) Suggest any three measures which can be adopted to improve economic
development planning in Uganda (03 Marks)
KASSEC P220/2 (i) Distinguish between a Partial Plan and a Comprehensive Plan (02 Marks)
JJEB P220/1 (i) Distinguish between Comprehensive Planning and Perspective Planning
(02 Marks)
KAJEB P220/1 (i) Define the term Perspective Plan (01 Mark)
(ii) Mention any three problems faced in formulating perspective plan (03 Marks)
ANKOLE P220/2 (i) Distinguish between a Comprehensive Plan and a Perspective Plan (02 Marks)
(ii) State any two ways of financing perspective plans in Uganda (02 Marks)
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KASSHIPA P220/1 (i) Distinguish between Centralized Planning and Decentralized Planning
(02 Marks)
(ii) Give any two merits of carrying out Decentralized Planning in an economy
(02 Marks)
UTEC P220/1 Suggest any four policies that can promote the growth of private sector in an economy
(04 Marks)
WAKISSHA P220/2 (i) Distinguish between Nationalization and Divesture (02 Marks)
MACADITA P220/2 (i) Define the term Economic Liberalization (01 Mark)
SECTION B
TOPIC: Introduction to Economics
CRETA P220/1 (a) Distinguish between Price Elasticity of Demand and Cross Elasticity of
Demand (04 Marks)
(b) Account for the low price elasticity of demand for a commodity in an economy
(16 Marks)
WAKISSHA P220/1 (a) Distinguish between a Decrease in Supply and a Decrease in Quantity Supplied
(04 Marks)
(b) Examine the factors that limit the supply of a commodity in an economy
(16 Marks)
BECO P220/1 (a) Explain the role of price mechanism in the allocation of resources in an
economy (10 Marks)
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SEC P220/1 (a) Distinguish between increase in supply and increase in quantity supplied
(04 Marks)
UMTA P220/2 (a) Assess the effects of agricultural price fluctuations in Uganda (10 Marks)
UEBETA P220/1 (a) Distinguish between a Decrease in Supply and a Contraction in Supply
(04 Marks)
(b) Account for a Decrease in Supply of goods and services (16 Marks)
UEBETA P220/2 (a) Differentiate between Price Ceiling and Price Support (04 Marks)
KASSEC P220/1 (a) Differentiate between Price Ceiling and Price Support (04 Marks)
KASSEC P220/2 (a) Explain the merits of relying on Price Mechanism in your country (10 Marks)
(b) Discuss the measures that may be taken to control the effects of price
mechanism in your country (10 Marks)
EJEB P220/1 (a) Differentiate between elasticity of demand and elasticity of supply (04 Marks)
JJEB P220/1 (a) Distinguish between Change in Supply and Change in Supplied (04 Mark)
(b) Examine the measures the factors that lead to a change in supply of a
commodity in an economy (16 Marks)
MACADITA P220/1 (a) Distinguish between Price Ceiling and Price Floor (04 Marks)
KAJEB P220/2 (a) Differentiate between Competitive Supply and Joint Supply (04 Marks)
(b) Explain the conditions that may lead to a decrease in the supply of a
commodity in your country (16 Marks)
UTES P220/1 (a) Distinguish between a Change in Demand and a Change in Quantity
Demanded (04 Marks)
(b) Explain the factors that cause a Change in Demand for a commodity
(16 Marks)
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UTES P220/2 (a) Explain the causes of agricultural price fluctuations in your country
(12 Marks)
(b) What are the effects of such price fluctuations in your country? (08 Marks)
ANKOLE P220/1 (a) Explain the determinants of price in an economy (08 Marks)
ANKOLE P220/2 (a) With Illustration, distinguish between a Decrease in Supply and an Increase in
Quantity Supplied of a commodity (04 Marks)
KABALE P220/1 (a) Distinguish between an Increase in Supply and a Decrease in Quantity
Supplied (04 Marks)
(b) What are the causes for an Increase in Supply in an economy? (16 Marks)
KABALE P220/2 (a) Why are prices of agricultural products not stable in Uganda? (10 Marks)
(b) Explain the effects of unstable prices of agricultural products to the economy
of Uganda (10 Marks)
KASSHIPA P220/1 (a) Distinguish between Joint Supply and Competitive Supply (04 Marks)
TESO P220/1 (a) Why may a government impose Price Controls in an economy? (10 Marks)
TESO P220/2 (a) What causes Price Fluctuations of Agricultural Products in Uganda?
(10 Marks)
(b) Explain the measures that have been taken minimize price fluctuations in
Uganda (10 Marks)
KASESE P220/2 (a) Differentiate between an Increase in Demand and an Increase in Quantity
Demanded (04 Marks)
(b) Explain the factors that lead to Increase in Demand for commodities in
Uganda (16 Marks)
STEC P220/2 (a) Distinguish between Joint Supply and Competitive Supply (04 Marks)
(b) Account for Increase in Supply of the commodity in the market (08 Marks)
(c) What policy measures are being taken to increase supply of commodities in
Uganda? (08 Marks)
STEC P220/1 (a) Discuss the causes of unstable prices of agricultural products in LDC’s
(08 Marks)
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(b) (i) Account for the need to stabilize the prices of agricultural commodities
in LDC’s (06 Marks)
CRETA P220/1 (a) What are the differences between Monopoly Market Structure and Oligopoly
Market Structure (06 Marks)
WAKISSHA P220/1 (a) How does Monopoly arise in an economy? (08 Marks)
(b) Explain how Monopoly firm maximizes profits in the short run (06 Marks)
(c) Suggest the measures that should be taken to reduce monopoly power in an
economy (06 Marks)
BECO P220/2 (a) Distinguish between Labour Efficiency and Labour Productivity (04 Marks)
(b) Explain the factors that limit Productivity of Labour in Uganda (16 Marks)
SEC P220/1 (a) Explain how a firm under monopoly maximizes profits in short run (06 Marks)
UMTA P220/1 (a) Explain how a firm maximizes profit under Oligopolistic Market using a
kinked demand curve (06 Marks)
(b) How do Oligopoly firms increase sales of their products? (14 Marks)
UMTA P220/2 (a) Discuss the sources of Monopoly power in Uganda (10 Marks)
(b) Explain the measures that have been taken to control monopoly power in
Uganda (10 Marks)
UTEC P220/1 (a) What is meant by the term Capital Accumulation? (02 Marks)
(b) Examine the factors that influence the rate of capital accumulation in an
economy (18 Marks)
UTEC P220/1 (a) How are profits maximized in monopoly market structure? (06 Marks)
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UTEC P220/2 (a) What are the sources of monopoly power in Uganda? (06 Marks)
UEBETA P220/1 (a) Explain how profits are determined in an Oligopoly Market (10 Marks)
UEBETA P220/2 (a) Why are small scale industries widely spread in Uganda? (10 Marks)
(b) Explain the merits of small scale firms in Uganda (10 Marks)
ACEITEKA P220/1 (a) Trace sources of monopoly markets in developing countries (10 Marks)
(b) Discuss the methods which are used by oligopoly firms in Uganda to increase
sales (14 Marks)
KASSEC P220/1 (a) Explain the short run profit maximization position of a monopoly firm
(06 Marks)
KASSEC P220/2 (a) Distinguish between Collusive Oligopoly and Imperfect Oligopoly (04 Marks)
(b) Assess the impact of Oligopoly Market in your country (16 Marks)
JJEB P220/1 (a) Explain the measures used by oligopolistic firms to increase sales in an
economy (10 Marks)
(b) What are the demerits of oligopolistic firms in an economy? (10 Marks)
MACADITA P220/2 (a) Distinguish between Perfect Oligopoly and Imperfect Oligopoly (04 Marks)
KAJEB P220/1 (a) Differentiate between Price Legislation and Price Discrimination (04 Marks)
(b) Explain the necessary conditions for the effectiveness of Price Discrimination
(16 Marks)
KAJEB P220/2 (a) How does a firm under Oligopoly determine output, price, and profits in the
Short run and Lon run (06 Marks)
(b) Explain the merits and demerits of Oligopoly Market (14 Marks)
ANKOLE P220/2 (a) Distinguish between Spatial Monopoly and Statutory Monopoly (04 Marks)
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(b) Explain the factors that give rise to the existence of Monopoly firms in
Uganda (16 Marks)
KABALE P220/1 (a) What are the origins of Monopoly in an economy? (08 Marks)
(b) How are profits maximized under monopoly market structure? (06 Marks)
KASSHIPA P220/1 (a) What are the differences between Monopoly and Oligopoly Markets?
(06 Marks)
MATIGO P220/1 (a) Explain the circumstances in which price discrimination is successful
(10 Marks)
(b) Assess effects of the price discrimination in a market economy (10 Marks)
MATIGO P220/2 (a) Discuss the sources of Monopoly power in Uganda (10 Marks)
(b) Explain the measures that should be taken to control Monopoly Power in
Uganda (10 Marks)
MATIGO P220/2 (a) Distinguish between Labour Demand and Labour Supply (04 Marks)
(b) Examine the factors that influence the level of Labour Supply in Uganda
(16 Marks)
TESO P220/1 (a) Explain how a firm under Oligopoly maximizes profits in the short run
(06 Marks)
(b) Explain the merits and demerits of Oligopoly firm in an economy (14 Marks)
STEC P220/1 (a) What are the differences and similarities between Monopolistic and
Oligopolistic Market Structures? (08 Marks)
(b) (i) How does a firm under Oligopoly maximize profits in the short run
situation? (06 Marks)
WAKISSHA P220/1 (a) Distinguish between Real Income Per Capita and Nominal Income Per Capita
(04 Marks)
(b) What are limitations of using Income Per Capita to compare welfare of people
between countries? (16 Marks)
SEC P220/1 (a) Distinguish between cost of living and standard of living (04 Marks)
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(b) What are the limitations of measuring standard of living over time? (16 Marks)
SEC P220/2 (a) Account for the uneven distribution of income in Uganda (10 Marks)
(b) Explain the measures that have been taken to reduce uneven distribution of
income in Uganda (10 Marks)
UMTA P220/2 (a) What is the rationale of compiling national income statistics in Uganda?
(10 Marks)
(b) What are the challenges encountered when compiling national income?
(16 Marks)
ACEITEKA P220/2 (a) Distinguish between Nominal GDP and Real GDP (04 Marks)
(b) Examine the factors that influence GDP in Uganda (16 Marks)
ACEITEKA P220/2 (a) Explain the adverse effects of income inequality in Uganda (06 Marks)
(b) Explain the steps which have been taken to minimize income inequality in
Uganda (14 Marks)
KASSEC P220/1 (a) Distinguish between Expenditure and Income Approaches in National Income
Measurements (04 Marks)
EJEB P220/1 (a) Why is it necessary to measure the national income of a country? (10 Marks)
(b) What problems are encountered when measuring national income? (10 Marks)
JJEB P220/2 (a) Explain the methods used in compiling national income statistics in Uganda
(06 Marks)
(b) Discuss the challenges faced while compiling national income statistics in
Uganda (14 Marks)
MACADITA P220/1 (a) Study the table below and answer the questions that follow;
Commodity Base Year Prices Base Year Simple Current Year Prices Weight
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D 1,200 100 1,500 1
Calculate;
KAJEB P220/1 (a) Differentiate between GNP and GDP (04 Marks)
KAJEB P220/2 (a) Account for the low level of Investment in Uganda (10 Marks)
(b) Explain the measures that have been taken to promote the level of Investment
in Uganda (10 Marks)
UTES P220/1 (a) Study the table below and answer the questions that follow;
Commodity Base Year Prices Base Year Simple Simple Price Weight Price
Index Index Index
Calculate;
(b) Explain the challenges faced during the computation of Price Indices
(08 Marks)
ANKOLE P220/2 (a) Why is there need to compute national income statistics in Uganda?
(10 Marks)
(b) Examine measures that are being taken to increase the level of GDP in Uganda
(10 Marks)
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KABALE P220/1 (a) Why are national income figures computed? (10 Marks)
MATIGO P220/1 (a) Distinguish between Standard of Living and Cost of Living (04 Marks)
(b) Explain why an increase in GDP does not necessarily mean an improvement in
the standard of living in an economy (16 Marks)
TESO P220/1 (a) Given that a country’s national income is Shs 100 billion and MPC is 0.6. If
government expenditure increases from 120 million to 600 million. Calculate;
(b) Explain the factors that limit effective operation of investment multiplier in
developing countries (16 Marks)
STEC P220/2 (a) Differentiate between GNP at Factor Cost and NNP at Market Price
(04 Marks)
(b) Examine the factors that influence the level of National Income in Uganda
(16 Markets)
CRETA P220/2 (a) Describe the salient features of the agricultural sector in Uganda (06 Marks)
(b) Explain the steps that are being taken to improve the performance of the
Agricultural sector in Uganda (14 Marks)
WAKISSHA P220/2 (a) Describe the features of the industrial sector in Uganda (10 Marks)
(b) Explain the measures being taken to promote the industrial sector in Uganda
(10 Marks)
BECO P220/2 (a) What are the features of an Informal Sector? (06 Marks)
(b) Assess the contribution of the Informal Sector in Uganda (14 Marks)
SEC P220/2 (a) Describe the structure of agricultural sector in Uganda (06 Marks)
(b) Discuss the factors that influence the development of agricultural sector in
Uganda. (14 Marks)
UMTA P220/2 (a) Discuss the costs of economic dependence in Uganda (10 Marks)
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(b) Describe the measures that are being taken to reduce economic dependence in
Uganda (10 Marks)
ANKOLE P220/2 (a) Describe the features of agricultural sector in Uganda (10 Marks)
KABALE P220/2 (a) Describe the features of the informal sector in Uganda (08 Marks)
(b) Explain the contribution of the Informal Sector to the development of Uganda
(12 Marks)
TESO P220/1 (a) What is the role of Agricultural Sector in development of an economy?
(10 Marks)
(b) What measures can be taken to improve the performance of the Agricultural
Sector in developing countries? (10 Marks)
KASESE P220/2 (a) Describe the features of the Industrial Sector in Uganda (06 Marks)
(b) Explain the measures being taken to promote the industrial sector in Uganda
(14 Marks)
(ii) Big push theory and critical minimum effort (04 Marks)
(b) Why is it necessary to adopt balanced growth strategy of economic growth and
development in developing countries? (12 Marks)
WAKISSHA P220/2 (a) Distinguish between Economic Growth and Economic Development
(04 Marks)
UEBETA P220/2 (a) What are the indicators of economic development in Uganda? (06 Marks)
(b) Explain the factors in Uganda that have affected the level of economic
development (14 Marks)
ACEITEKA P220/2 (a) Differentiate between economic growth and economic development
(04 Marks)
KASSEC P220/1 (a) Differentiate between a development Goal and Development Strategy
(04 Marks)
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(b) Examine the implications of adopting balanced growth strategy in developing
countries (16 Marks)
UTES P220/1 (a) What is meant by the term Under development? (04 Marks)
(b) Explain the causes of Under development in third world countries (16 Marks)
UTES P220/2 (a) Account for the low level of economic development in your country
(10 Marks)
(b) What policy measures are being taken to promote economic development in
your country? (10 Marks)
CRETA P220/2 (a) What are the motives of giving foreign aid by donors in Uganda? (06 Marks)
(b) Why is there need to reduce reliance on foreign aid in Uganda (14 Marks)
CRETA P220/2 (a) Distinguish between Import Substitution and Export Promotion strategies of
industrialization (04 Marks)
BECO P220/1 (a) Differentiate between Import Substitution and Export Promotion Industries
(04 Marks)
BECO P220/1 (a) Explain the role of foreign aid in the development of an economy (10 Marks)
(b) Explain the problems of over relying on foreign aid in an economy (10 Marks)
SEC P220/2 (a) Distinguish between export promotion strategy and import substitution strategy.
(04 Marks)
(b) Assess the implications of import substitution strategy in Uganda (16 Marks)
UMTA P220/1 (a) Why should developing countries undertake the export promotion strategy of
industrial development? (10 Marks)
UTEC P220/1 (a) Distinguish between Inward Looking Industrial Strategy and Outward
Looking Industrial Strategy (04 Marks)
(b) What are the merits and demerits of inward looking industrial strategy in
developing strategy? (16 Marks)
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UTEC P220/2 (a) Distinguish between Capital Intensive Techniques and Labour Intensive
Techniques of Production (04 Marks)
UEBETA P220/1 (a) Distinguish between Import Substitution and Export Promotion
Industrialization Strategies (04 Marks)
(b) Explain the merits and demerits of adopting the import substitution
industrialization strategy in under developed countries (16 Marks)
ACEITEKA P220/1 (a) What is the role of foreign aid in economic development of less developed
countries? (10 Marks)
(b) Explain the problems associated with over relying on foreign aid (10 Marks)
WAKISSHA P220/1 (a) Why do countries give assistance on developing countries? (08 Marks)
(b) Examine the effects of foreign assistance on developing countries (12 Marks)
JJEB P220/1 (a) Differentiate between import substitution and export promotion industrial
strategies (04 Marks)
(b) Explain the reasons for pursuing export promotion industrial strategy in
developing countries (16 Marks)
JJEB P220/1 (a) Explain the justification of giving foreign aid by donor countries (06 Marks)
(b) Assess the role of foreign aid in the economic development of developing
countries (14 Marks)
JJEB P220/2 (a) Why is there need to adopt inward looking strategy of industrialization in
Uganda (10 Marks)
(b) Suggest measures that can be taken to promote inward looking strategy of
industrialization in Uganda (10 Marks)
(b) Assess the role of natural resource exploitation in the development of Uganda
(18 Marks)
STEC P220/1 (a) Account for the low level of utilization of resources in LDC’s (08 Marks)
STEC P220/1 (a) Differentiate between Export Promotion and Import Substitution strategies of
Industrial Development (04 Marks)
(b) Explain the factors that limit Agricultural Transformation in your country
(16 Marks)
MACADITA P220/1 (a) Explain the role of Agriculture in the development of an economy (10 Marks)
(b) What measures can be taken to improve the agricultural sector in an economy?
(10 Marks)
MACADITA P220/2 (a) Why is it necessary to promote Industrialization in Uganda? (10 Marks)
(b) Suggest measures for improving the industrial sector in Uganda (10 Marks)
KABALE P220/2 (a) Why is there need to industrialize in Uganda? (10 Marks)
MATIGO P220/2 (a) Why is there a need to modernize agricultural sector in Uganda (10 Marks)
(b) Explain the factors limiting agricultural modernization in Uganda (10 Marks)
CRETA P220/1 (a) Distinguish between Natural Population Growth Rate and Artificial Population
Growth Rate (04 Marks)
(b) “A high population growth rate is necessary to attain high rate of economic
growth and development in developing countries” Discuss (16 Marks)
CRETA P220/2 (a) How do trade unions achieve their objectives in Uganda? (06 Marks)
(b) Examine the challenges faced by trade unions in Uganda (14 Marks)
WAKISSHA P220/2 (a) Explain the methods used to determine wages in Uganda (06 Marks)
(b) Analyze the factors that affect the level of wages in Uganda (14 Marks)
BECO P220/2 (a) How are wages determined in Uganda (06 Marks)
UMTA P220/1 (a) Explain the concept of economy of high wages (04 Marks)
(b) How does the payment of higher wages benefit the economy? (16 Marks)
UTEC P220/1 (a) Distinguish between a minimum wage and a subsistence wage (04 Marks)
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(b) Explain the merits and demerits fixing a minimum wage in an economy
(16 Marks)
UEBETA P220/1 (a) Explain what is meant by optimum population (04 Marks)
KASSEC P220/2 (a) Why do trade unions demand for higher wages for their members? (10 Marks)
(b) Explain the challenges faced by trade unions in your country (10 Marks)
EJEB P220/1 (a) Differentiate between a living wage and a minimum wage (04 Marks)
(b) What arguments are forwarded for adopting a minimum wage in an economy?
(16 Marks)
JJEB P220/2 (a) Describe the structure of Uganda’s population (08 Marks)
(b) Assess the impact of high population increase in Uganda (12 Marks)
MACADITA P220/2 (a) State the Malthusian Population Theory (02 Marks)
(b) Explain the five ways in which the Malthusian Population Theory is relevant
to Uganda’s economy (10 Marks)
(c) Discuss the factors that limit the application of the Malthusian Population
Theory in Uganda (08 Marks)
KAJEB P220/1 (a) Explain the Malthusian Theory of Population (06 Marks)
(b) What are the limitations of the Malthusian Theory of Population (14 Marks)
KAJEB P220/1 (a) Explain the Iron Law of Wages (06 Marks)
(b) Examine the factors that determine the level of wages in an economy
(14 Marks)
(b) Under what circumstances are Trade Union justified to demand for wage
increase (16 Marks)
UTES P220/2 (a) Distinguish between Optimum Population and Over Population (04 Marks)
(b) Examine the implications of a high population growth rate in your country
(16 Marks)
ANKOLE P220/1 (a) Explain the Malthusian Population Theory (08 Marks)
(b) To what extent is the above theory relevant to developing countries (12 Marks)
KABALE P220/1 (a) State the Marginal Productivity Theory of Labour (02 Marks)
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(b) What are the limitations of the Marginal Productivity Theory of Wages?
(18 Marks)
KABALE P220/2 (a) Explain the methods used by labor organizations to settle industrial disputes in
Uganda (06 Marks)
(b) Examine the challenges faced by labour organizations in Uganda (14 Marks)
KASSHIPA P220/1 (a) Explain the Marginal Productivity of Distribution (06 Marks)
KASESE P220/2 (a) What is meant by the term Trade Union? (04 Marks)
(b) Explain the obstacles to the operation of Trade Unions in Uganda (16 Marks)
STEC P220/2 (a) Describe the structure of the Population in Uganda (06 Marks)
(b) (i) Explain the implications of the structure of the population of Uganda
(08 Marks)
BECO P220/2 (a) Explain the causes of Unemployment in Uganda (10 Marks)
SEC P220/2 (a) Explain the benefits of employment in Uganda (10 Marks)
UTEC P220/2 (a) What the benefits of employment opportunities in Uganda? (10 Marks)
JJEB P220/1 (a) Explain the Keynesian theory of unemployment (06 Marks)
MACADITA P220/1 (a) Explain the causes of unemployment in an economy (10 Marks)
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ANKOLE P220/1 (a) Distinguish between Voluntary and Involuntary Unemployment (04 Marks)
KABALE P220/2 (a) Explain the Keynesian Theory of Unemployment (06 Marks)
TESO P220/2 (a) Explain the Keynesian Theory of Unemployment (06 Marks)
CRETA P220/1 (a) Why does Inflation occur in an economy? (10 Marks)
(b) Explain the measures that can be adopted to minimize inflation in an economy
(10 Marks)
CRETA P220/2 (a) (i) Giving examples, Distinguish between Assets and Liabilities of
commercial banks (04 Marks)
(b) Assess the factors that affect the level of credit creation in banking financial
institutions (10 Marks)
WAKISSHA P220/2 (a) Describe the process of credit creation (08 Marks)
(b) Suggest the measures that can be taken to promote credit creation in Uganda
(12 Marks)
BECO P220/2 (a) Differentiate between Banking Financial Institutions and Non-Banking
Financial Institutions (04 Marks)
(b) Explain the functions of Banking Financial Institutions in Uganda (16 Marks)
SEC P220/1 (a) Explain the objectives of monetary policy (04 Marks)
(b) Discuss the tools of monetary policy that can be used to reduce money supply
in an economy (16 Marks)
UMTA P220/2 (a) Differentiate between assets and liabilities of a commercial bank (04 Marks)
(b) Examine the role played by foreign owned commercial banks in Uganda
(16 Marks)
UTEC P220/2 (a) What are non-banking financial intermediaries? (04 Marks)
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(b) Explain the role played by non-banking financial intermediaries in the
development of Uganda’s economy (16 Marks)
UEBETA P220/1 (a) Explain Fisher’s Quantity Theory of Money (06 Marks)
(b) What are the limitations of the Quantity Theory of Money (16 Marks)
ACEITEKA P220/1 (a) Explain the Irving fisher’s quantity theory of money (06 Marks)
(b) What are the limitations of the quantity theory of money? (14 Marks)
JJEB P220/1 (i) Differentiate between Liquidity Preference and Cash Ratio (02 Marks)
(ii) State any two causes of high liquidity preference in an economy (02 Mark)
JJEB P220/2 (a) How does the central bank control credit creation in Uganda (10 Marks)
(b) Discuss the factors that limit the process of credit creation in Uganda
(10 Marks)
MACADITA P220/1 (a) Given that a commercial bank has initial deposit of Shs 100,000,000 and the
required cash ratio of 25%. Calculate the;
(ii) Total Deposit that will be created in Multi-Bank System (02 Marks)
(b) Explain the factors that limit effective implementation of credit creation in an
economy (16 Marks)
KAJEB P220/2 (a) How do Commercial Banks create credit? (08 Marks)
(b) Explain the factors which limit Credit Creation by Commercial Banks in your
country (12 Marks)
UTES P220/2 (a) How do Commercial Banks in your country create credit? (08 Marks)
(b) Explain the factors which have influenced the credit creation process in your
country (12 Marks)
ANKOLE P220/1 (a) How does a Commercial Bank ensure both profitability and liquidity?
(10 Marks)
KASSHIPA P220/1 (a) Given the initial deposit to a commercial banks Shs 200 million and cash ratio
of 10% show how in a Multi Bank System credit can be created (10 Marks)
(b) Explain the factors that lead to credit creation in developing countries
(10 Marks)
MATIGO P220/1 (a) Explain the quantity theory of money according to fisher (06 Marks)
(b) Discuss the limitations to the applicability of the theory of money to a market
economy (14 Marks)
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MATIGO P220/2 (a) How do commercial banks achieve the following objectives;
TESO P220/2 (a) Distinguish between Credit Creation and Credit Multiplication (04 Marks)
(b) Given a country’s initial deposit as Ug Shs 100,000,000 and cash ratio as 0.2.
Calculate the Total Credit Created (02 Marks)
(c) Describe the factors responsible for low level of Credit Creation in Uganda
(14 Marks)
STEC P220/2 (a) Describe how Commercial Banks create credit in a Multi-Bank system
(08 Marks)
(b) Discuss the factors that influence credit creation in Uganda (12 Marks)
TOPIC: Inflation
WAKISSHA P220/1 (a) Explain the quantity theory of money as presented Professor Irving Fisher
(06 Marks)
(b) What are the limitations of the quantity theory of money? (14 Marks)
BECO P220/1 (a) Distinguish between Stagflation and Reflation (04 Marks)
(b) What are the measures are being taken to control Inflation in developing
countries? (16 Marks)
UEBETA P220/2 (a) What is the rationale for controlling Inflation in Uganda? (10 Marks)
(b) Discuss the measures being taken to control inflation in Uganda (10 Marks)
EJEB P220/1 (a) Why may inflation exist in an economy? (10 Marks)
MATIGO P220/1 (a) Account for the persistent increase in the general price level in developing
economies (10 Marks)
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(b) Suggest measures that should be taken to control the persistent increase in the
general price level in developing countries (10 Marks)
STEC P220/2 (a) Examine the causes of the rising prices of commodities in Uganda (10 Marks)
(b) What measures have been adopted to reduce the general price level in
Uganda? (10 Marks)
WAKISSHA P220/1 (a) Distinguish between Tax Evasion and Tax Compliance (04 Marks)
(b) Explain the factors that influence Tax Compliance in an economy (16 Marks)
BECO P220/1 (a) Distinguish between Tax Base and Tax Incidence (04 Marks)
(b) Explain the merits of relying on Indirect Taxes in an economy (16 Marks)
SEC P220/2 (a) Distinguish between surplus budget and deficit budget (04 Marks)
UMTA P220/2 (a) Examine the effects of levying taxes in Uganda (10 Marks)
(b) Discuss the factors that limit the level of tax revenue in Uganda (10 Marks)
UTEC P220/1 (a) What is the role of the National Budget in an economy? (10 Marks)
UTEC P220/2 (a) Distinguish between government consumption expenditure and capital
expenditure (04 Marks)
(b) Account for the increase in public expenditure in Uganda (16 Marks)
UEBETA P220/2 (a) Describe any four obligations of tax payers in Uganda (04 Marks)
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(b) Kayesu a resident individual operates rental properties. In the financial year
ended December 2022 she received Shs 17,500,000 as rent revenue. She also
got a loan of Shs 3,000,000 which she cleared by the end of 2022 plus the 5
percent interest on it She also paid Salaries to employees of Shs 1,500,000
Allowable deductions;
- Shs 2,820,000 as tax free allowance/threshold. The law does not allow
any other deductions
Tax rate;
BUDDO SS ECON/ENT SEMINAR ON SAT 7TH OCTOBER 2023. CALL 0702820109 FOR DETAILS 38
Exceeding Shs 235,000 but not exceeding Shs 10% by which chargeable income exceeds
335,000 Shs 235,000
Exceeding Shs 335,000 but not exceeding Shs Shs 10,000 + 20% by which chargeable
410,000 income exceeds Shs 335,000
Exceeding Shs 410,000 but not exceeding Shs 25,000 + 30% by which chargeable
Shs, 10,000,000 income exceeds Shs 410,000 but less than
Shs 10,000,000
Required:
Using the income tax table above, Calculate for each of the employees;
(i) Gross Income (04 Marks)
(ii) Taxable Income (07 Marks)
(iii) Tax payable to Uganda Revenue Authority (07 Marks)
KASSEC P220/2 (a) Account for persistent budgetary deficit in your country (10 Marks)
(b) Suggest measures that should be taken to reduce deficit in your country
(10 Marks)
(b) Why are indirect taxes preferred in the collection of public revenue on most
developing countries? (12 Marks)
JJEB P220/1 (a) Why do countries draw their national budget? (10 Marks)
JJEB P220/2 (a) Explain the objectives of fiscal policy in Uganda (08 Marks)
(b) Account for the huge government spending in Uganda (12 Marks)
MACADITA P220/2 (a) Differentiate between Debt Conversion and Debt Rescheduling (04 Marks)
KAJEB P220/1 (a) Differentiate between a Surplus Budget and a Deficit Budget (04 Marks)
KAJEB P220/2 (a) What is meant by the term Fiscal Policy? (02 Marks)
(b) Explain the objectives of Fiscal Policy in your country (18 Marks)
UTES P220/2 (a) Explain the different forms of non-tax compliance in your country (08 Marks)
(b) Suggest possible measures that can be adopted to enhance tax compliance in
your country (12 Marks)
ANKOLE P220/1 (a) Distinguish between Direct Taxes and Indirect Taxes (04 Marks)
BUDDO SS ECON/ENT SEMINAR ON SAT 7TH OCTOBER 2023. CALL 0702820109 FOR DETAILS 39
(b) Examine the impact of Indirect Taxes in an economy (16 Marks)
KASSHIPA P220/1 (a) Distinguish between Tax Administration and Tax Compliance (04 Marks)
(c) Suggest measures that can be used to enhance tax compliance in developing
countries (14 Marks)
MATIGO P220/2 (a) Account for persistent budgetary deficit in Uganda (10 Marks)
(b) Discuss the measures that may be taken to minimize budgetary deficit in
Uganda (10 Marks)
TESO P220/2 (a) Explain the factors limiting Tax Compliance in Uganda (10 Marks)
(b) Suggest measures that can be taken by the government to encourage Tax
Compliance in Uganda (10 Marks)
KASESE P220/2 (a) Differentiate between Recurrent Expenditure and Development Expenditure
(04 Marks)
(b) Suggest the measures that can be taken to reduce the current public
expenditure in Uganda (16 Marks)
STEC P220/2 (a) Describe the elements of Tax Compliance in Uganda (04 Marks)
(c) The table below shows the annual chargeable income and tax rates in Uganda.
Study it and answer the questions that follow;
Exceeding Shs 2,820,000 but not 10% of the amount by which chargeable
exceeding Shs 4,020,000 income exceeds Shs 2,820,000
Exceeding Shs 4,020,000 but not Shs 120,000 plus 20% of the amount by which
exceeding Shs 4,920,000 chargeable income exceeds Shs 4,020,000
Mr. Wanjala’s gross income for 2019 was Shs 150,000,000 and his allowable
expenses amounted to Shs 20,000,000
BUDDO SS ECON/ENT SEMINAR ON SAT 7TH OCTOBER 2023. CALL 0702820109 FOR DETAILS 40
(i) Calculate his chargeable income and use the table above to determine
amount of tax payable (06 Marks)
(ii) Account for the low level of tax revenue in Uganda (05 Marks)
CRETA P220/2 (a) Distinguish between Balance of Payments and Balance of Trade (04 Marks)
(b) Suggest measures that can be taken to minimize Balance of Payment deficits
(16 Marks)
WAKISSHA P220/2 (a) Account for the persistent Balance of Payment dis-equilibrium in Uganda
(10 Marks)
(b) Explain the measures that have been taken to reduce the balance of payment
disequilibrium in Uganda (10 Marks)
BECO P220/1 (a) Explain the different forms of Protectionism (08 Marks)
SEC P220/2 (a) Describe the stages of economic integration. (10 Marks)
UMTA P220/1 (a) Distinguish between Devaluation and Revaluation of currency (04 Marks)
UEBETA P220/2 (a) Why did Uganda join the East African Community? (10 Marks)
(b) Examine the role of the East African Community to Uganda’s development
(10 Marks)
KASSEC P220/2 (a) Mention the features of an economic union (04 Marks)
(b) Explain the challenges faced by countries intending to integrate (16 Marks)
EJEB P220/1 (a) What are the benefits of economic integration for developing economies?
(08 Marks)
(b) Explain the factors that limit economic integration in developing countries
(12 Marks)
MACADITA P220/2 (a) Discuss the factors that give rise to Balance of Payment Disequilibrium in
Uganda (10 Marks)
(b) What steps have been taken to minimize Balance of Payments Disequilibrium
in Uganda (10 Marks)
ANKOLE P220/2 (a) Account for the persistent Balance of Payment deficit in Uganda (10 Marks)
BUDDO SS ECON/ENT SEMINAR ON SAT 7TH OCTOBER 2023. CALL 0702820109 FOR DETAILS 41
(b) Suggest measures that should be taken to reduce balance of payment deficit in
Uganda (10 Marks)
KABALE P220/2 (a) Account for the balance of payments disequilibrium in Uganda (10 Marks)
TESO P220/1 (a) Account for the deteriorating Terms of Trade in developing countries
(10 Marks)
TESO P220/2 (a) What is the rationale for adopting Protectionism in Uganda? (10 Marks)
(b) What dangers are associated with Protectionism in Uganda? (10 Marks)
KASESE P220/2 (a) Explain the stages of Economic Integration (10 Marks)
(b) Examine the limitations of effective Economic Integration in the East African
Community (10 Marks)
STEC P220/1 (a) Discuss the causes of unfavorable terms of trade in developing countries
(10 Marks)
(b) Suggest measures that may be taken to improve terms of trade in an economy
(10 Marks)
CRETA P220/1 (a) What is meant by the term Economic Development Planning? (02 Marks)
(b) Outline the ways of financing economic development planning (04 Marks)
(c) Explain the factors that affect economic development planning in developing
countries (14 Marks)
BECO P220/2 (a) What is meant by Economic Development Planning? (04 Marks)
SEC P220/1 (a) What is the rationale of economic development planning in developing
countries? (06 Marks)
UTEC P220/1 (a) Differentiate between a Perspective Plan and a Comprehensive Plan
(04 Marks)
BUDDO SS ECON/ENT SEMINAR ON SAT 7TH OCTOBER 2023. CALL 0702820109 FOR DETAILS 42
ACEITEKA P220/1 (a) Describe the features of a good economic development plan (10 Marks)
JJEB P220/2 (a) Explain the features of a good economic development plan (10 Marks)
(b) Discuss the measures that have been taken to promote successful
implementation of economics development plans in Uganda (10 Marks)
MACADITA P220/2 (a) Examine the role of Economic Development Planning in Uganda (10 Marks)
(b) Explain the Measures being taken to ensure effective Economic Development
Planning in Uganda (10 Marks)
UTES P220/1 (a) Distinguish between a Comprehensive Plan and a Partial Plan (04 Marks)
ANKOLE P220/1 (a) Differentiate between Centralized Planning and Decentralized Planning
(04 Marks)
KABALE P220/1 (a) What are the features of a good development plan? (08 Marks)
MATIGO P220/1 (a) Why do developing economies undertake economic development plans in
developing economies ? (10 Marks)
(b) Account for the failure to effectively implement economic development plans
in developing economies (10 Marks)
TESO P220/2 (a) Differentiate between Centralized Planning and Decentralized Planning
(04 Marks)
KASESE P220/2 (a) Describe the characteristics of a good development plan (06 Marks)
(b) Examine the factors that influence the success of Development Planning in
Uganda (14 Marks)
STEC P220/1 (a) Describe the traits of a good economic development (06 Marks)
BUDDO SS ECON/ENT SEMINAR ON SAT 7TH OCTOBER 2023. CALL 0702820109 FOR DETAILS 43
TOPIC: Public and Private Sector
SEC P220/1 (a) Account for the privatization of public enterprises in an economy (10 Marks)
(b) Discuss the problems that result from privatization of public enterprises in an
economy (10 Marks)
UTEC P220/2 (a) How have private enterprises contributed to the development of Uganda’s
economy? (10 Marks)
(b) Suggest the measures that can be taken to improve the performance of the
private enterprises in Uganda (10 Marks)
MACADITA P220/1 (a) Differentiate between Nationalization and Privatization of public enterprises
(04 Marks)
KAJEB P220/2 (a) Account for the Privatization of Public Enterprises in your country (10 Marks)
KABALE P220/1 (a) Distinguish between Nationalization and Denationalization (04 Marks)
MATIGO P220/2 (a) Explain the forms of privatization in Uganda (06 Marks)
TESO P220/1 (a) Explain the rationale for promoting Privatization of Public Enterprises in an
economy (10 Marks)
BUDDO SS ECON/ENT SEMINAR ON SAT 7TH OCTOBER 2023. CALL 0702820109 FOR DETAILS 44