Advanced level 2026 wouri mock Economics 3

It looks like you’ve uploaded a different copy of the same Economics assessment. Here are the questions extracted from the document, organized by section for easy reading:

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SECTION A

1.

• (a) Distinguish between an increasing population and a declining population. (8 marks)

• (b) What are the negative consequences of Emigration of people between the ages of 18 years and 60 years on the economy of Cameroon? (12 marks)

2.

• (a) (i) State the second law of demand and supply. (2 marks)

• (ii) With the aid of a diagram, explain the exception to the above law. (8 marks)

• (b) Explain the concepts of price elasticity of supply. (10 marks)

3.

• (a) With the aid of diagram(s), explain the relationship between marginal product, Average product, Average variable cost and Marginal cost. (12 marks)

• (b) Explain the objectives of firms. (8 marks)

4.

• (a) Differentiate between the loanable funds theory and liquidity preference theory of interest determination. (8 marks)

• (b) Explain the factors that influence interest rate in an economy. (12 marks)

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SECTION B

5.

• (a) Explain the meaning of:

  • i) A deflationary gap.

  • ii) An inflationary gap. (10 marks)

• (b) In each case, suggest the appropriate measures that could be used by the government to close the Gaps. (10 marks)

6.

• (a) Differentiate between the demand for money and the supply of money. (10 marks)

• (b) Examine the various measures used by BEAC to regulate the amount of franc CFA in Cameroon. (10 marks)

7.

• (a) Describe the systems of taxation. (12 marks)

• (b) Identify and explain the macroeconomic objectives that can be attained by the government using a budget deficit in an economy. (8 marks)

8.

• (a) How does the concept of absolute cost advantage lead to an increase in world’s output? (12 marks)

• (b) Under what conditions will devaluation solve a persistent balance of payment situation? (8 marks)

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Would you like me to help you draft the answers for any of these, or perhaps generate a diagram to help explain the “Inflationary vs. Deflationary Gap” in question 5?