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    Economics

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    Economics

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    Economics - Senkolink.com

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    Economics

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    DAR ES SALAAM CATHOLIC SECONDARY SCHOOLS ASSOCIATION (DACASSA)

    JOINT EXAMINATIONS FOR CATHOLIC SCHOOLS (JECAS)


    FORM FIVE – ANNUAL EXAMINATION - 2024
    ECONOMICS
    151
    Time: 3:00 Hours Date: Friday, 22nd March 2024 p.m.
    _________________________________________________________________________________

    Instructions
    1. This paper consists of sections A, B and C with a total of eight (8) questions.
    2. Attempt all questions in section A and any two (2) questions from sections B and C respectively.
    3. Section A carries twenty (20) marks, while section B and C carry forty (40) marks each.
    4. Non- programmable calculators may be used.
    5. Cellular phones and any unauthorized materials are not allowed in the examination room.
    6. Write your Examination Number on every page of your answer booklet(s) provided.

    Page 1 of 3
    Form Five Jecas – 2024
    SECTION A: (20 Marks)
    Answer all questions in this section
    1. Explain five (5) superiorities of optimum population theory over Malthus population theory.

    2. (a) What is natural unemployment?


    (b) Describe four (4) types of natural unemployment.

    SECTION B: (40 Marks)


    Answer two (2) question in this section
    3. (a) Carefully study the given data below and then answer the question that follows:-
    YEAR 2010 2020
    COMMODITIES Price Qty Price Qty
    Wheat 10 20 12 36
    Sugar 8 24 8 40
    Milk 20 20 24 24
    Cloth 4 16 5 20
    Compute:
    (i) Paasche’s Price Index
    (ii) Laspeyers’ price index
    (iii) Volume relative for sugar

    (b) Monetary policy in under developed countries plays an important role in the growth rate of
    the economy by influencing the cost and availability of credit. Taking Tanzania as an
    example, discuss five (5) limitations of monetary policy in the economy.

    4. (a) Suppose the demand for computer is


    Qd = 13,000 – 9P + 8PC – 0.001Y
    Where;
    Qd = Quantity demanded
    P = The price of computer
    PC = The price of related good and
    Y = The consumer income
    Assume that
    PC = 1,200
    P = 1,400 and
    Y = 20,000
    (i) Calculate the point price elasticity if P = 1,400 and comment on your answer.
    (ii) Calculate Arc price elasticity if P falls between 1,000 and 1,600.
    (iii) Calculate cross elasticity.
    (b) Describe the types of price elasticity of demand.
    Page 2 of 3
    Form Five Jecas – 2024
    5. (a) Given the total cost of the firm which makes computers is TC = 1500 − 10𝑄2 + 𝑄3
    (i) Calculate the level of output that minimize average variable cost
    (ii) Calculate the value of total cost when AVC is at its minimum
    (iii) If the demand for computers is Q = 0.25P + 25. Find the level of output that
    maximizes revenue.

    (b) Describe five non-price competition that exist between firms.

    SECTION C: (40 Marks)


    Answer two (2) questions in this section
    6. Explain six factors that limit consumers’ sovereignty.

    7. There are different association established to demand and defend the interest of workers.
    Examine six circumstances under which workers (trade) unions may demand for higher wages.

    8. Dynamic forces operating in an economy creates various kinds of economic fluctuations. Justify
    this statement using at least six (6) points.

    Page 3 of 3
    Form Five Jecas – 2024

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