Advanced level 2025 CASPA mock Economics 2
Advanced level 2025 CASPA mock Economics 2
| CANDIDATE NAME: ……………………………………… CANDIDATE NUMBER: …………………………………… CENTRE NUMBER: ………………………………………… |
|
| SUBJECT TITLE : ECONOMICS | |
| ADVANCED LEVEL | DATE: March 2025 |
REPUBLIC OF CAMEROON
PEACE – WORK – FATHERLAND
…………………..
MINISTRY OF SECONDARY
EDUCATION
…………………..
CENTRE REGION
INSTRUCTIONS TO CANDIDATES
Answer FIVE questions, choosing AT LEAST TWO from each section. All questions carry equal marks.
You are reminded of the necessity for good English and the orderly presentation of your answers
SECTION A
1. a) Justify why Cameroon practices a mixed economic system? (10 marks)
b) Identify and explain the spillover effects for a country experiencing net emigration (10 marks)
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2. a) With the use of diagrams explain to what extent government intervention through price legislation
will affect both the consumers and producers (12 marks)
b) What are the functions or role of price mechanism in an economy (8 marks)
_______________________________________________________________________________________
3. a) Outline the main characteristics of perfect competition (8 marks)
b) Explain the key difference between perfect competition and monopolistic competition (12 marks)
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4. a) Distinguish between economic rent and transfer earnings (6 marks)
b) With the aid of diagrams explain how a factor supply price can be determined. (14 marks)
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SECTION B
5. “Full employment and equilibrium level of income only coincide when the government intervenes”
a) Using diagrams identify and explain the inflationary and deflationary gap (8 marks)
b) Show how fiscal and monetary policies can be used to closed these gaps (12 marks)
_______________________________________________________________________________________
6. a) Examine the factors that can limit the ability of a commercial bank to create credit (10marks)
b) Analyze measures taken by the government of your county to curb the demerits of inflation (10 marks)
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7. a) Suggest policies that can be adopted to encourage economic growth (10 marks)
b) Explain reasons why the government of a country may adopt a budget surplus (10 marks)
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8. a) Examine the benefits of increased importation of Chinese products on the economy of Cameroon
(10 marks)
b) How can devaluation successfully remedy a persistent deficit in a country’s balance of payment?
(10 marks)
