cameroon gce ordinary level June 2022 economics 2
cameroon gce ordinary level June 2022 economics 2
Outline the drawbacks of a barter system of exchange and explain how they have been removed by
the following functions of money:
Medium of exchange
Measure of value
(iii) Store of value
(vi) Standard of deferred payment
(i) Differentiate between “demand for money” and “ supply of money”
(ii) Why do people in an economy prefer to hold money in liquid form?
“Of recent the government of Cameroon has increased custom duties on imports
Slate and explain Four (04) main economic reasons for such a policy.
Apart from custom duties, stale and explain Four (04) other measures available for government to
use, in order to reduce imports.
2.
List any Four (04) first aid measures, the government can used to correct a balance of Payment
deficit.
(c)
(4 marks)
Define the following as used in economics:
(i) Debentures
(ii) Plough-back profit
(iii) Deregulation
(iv) Parastatals
(v) Multinational
(vi) Shares
(b) Bring out any Four (04) reasons why about 60% of entrepreneurs started as Sole Proprietors?
(8 marks)
4. (a) (i) Distinguish between Direct and Indirect Production (4 marks)
(ii) With the help of a table classify the following statements into direct and indirect production.
The production of cocoyams for personal consumption.
A carpenter produces a cupboard for sale
Weaving a basket to help you carry house waste.
A teacher preparing students to take Economics as a subject in the upcoming GCE
Examination at a fee.
A musician playing his guitar at his leisure time.
A woman frying puff- puff for sale. (6 marks)
With the help of examples, what do you understand by the following:
(i) Primary Production
(ii) Secondary Production
(iii) Tertiary Production
(iv) Quaternary Production
Pondi
July 31, 2022
GCE 2022 Economics Was not that difficult
joseph
October 30, 2022
biology
Stephanie
January 25, 2023
Biology ordinary level
Fireboy
February 5, 2023
It was very nice viewing these, pls when u will the 2023be realised
golden wayne
February 23, 2023
fuck all your comment you basters
pk
March 2, 2023
it's bastard illiterate
Purita fopa
April 10, 2023
Very intrestine
Linseize
September 13, 2023
Not too difficult
Mac
January 26, 2024
It's was great viewing thanks a lot
Scott
March 17, 2024
cool