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2
Table 1 below shows how the national output varies with the population of a country with a surface area of 13 million km2.
Table 1
Population Total Output
(millions) (million )
30 60
35 87.5
40 120
45 157.5
50 200
55 247.5
60 252
65 260
(a) (i) Determine the optimum size of the population. (3-marks) \
(ii) Illustrate the optimum population on a graph. (4 marks)
(b) (i) State three factors that affect the optimum population size. (3 marks)
(ii) State two ways an overpopulated country can reach its optimum size. (4 marks)
(c) State three reasons why a densely populated country is not necessarily over populated. (6 marks)
2. It is always a difficult problem knowing how best to price a product … When the product is in a new and rapidly evolving industry like the microcomputer industry in the 1980s, the decision is doubly difficult. Was it best to charge a high price and sell a smaller number of disks or charge a lower price and aim for volume? One software producer decided to test the market for its new accounting program at different price The firm, Noumenon Corporation, raised prices in increments of 2,000 FCF A all the way up to 21,000 FCFA. It found out that total revenue was maximized at a price of 9,000 FCFA. As a result of this experiment, it decided to advertise and market the accounting program at 8,500 FCF A, much lower than the prices of competing
software programs.
Source: Adapted from ‘The Study of Economics, by Turley Mings, Dushking Publishing.
(a) State five factors that may affect the demand for this accounting software.(5 marks)
(b) If at the price of 9,000 FCFA, I 0,000 copies of the software were sold.
(i) By how much would sales revenue change if demand rises to 12,000 copies due to the fall in
price to 8,500 FCFA? (4 marks)
(ii) Determine the price elasticity of demand of this software. (6 marks)
(c) List three negative effects of setting prjcetf,ilow.tHe competitive market price. (3marks)
(d) How would you describe the demand for computer software and the demand for computer hardware?
(2 marks)
One of the long run measures to correct a balance of payments deficit leads to the J-curve effect as shown on figure I
below.
Figure 1
+ Current account balance(million FCFA) J – curve
cameroon gce june 2016 Economics Paper 3
B
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(a) Identify the long run measure which causes the effect illustrated above and define it .(4 marks)
(b)Enumerate four other long term measures that can be used to solve a balance of payments deficit.
(4 marks)
(c) State two reasons why the balance of payments:
(i)deteriorates from point A to B. (4 marks)
(ii) improves from B to C. (4 marks)
(d) List two importance of the balance of payments. (4 marks)
3. Question 3 is based on the following data relating to the national income of a hypothetical economy. (Figures are in million FCFA).
Household final consumption expenditure
Individual government consumption expenditure .
4,700
Gross domestic fixed capital formation …………………………………………………………………………………..
(i) Gross domestic product at factor cost. (3 marks)
(ii) Gross national product at factor cost. (3 marks)
(iii) National income. (3 marks)
(iv) Gross Domestic Product and Gross National Product. (2 marks)
. (c) List three problems encountered when measuring the national income of a country. (3 marks)
(d) Enumerate two weaknesses of using national income statistics in measuring living standards within a country. (2 marks)
4.All organizations must manage change. Tn order to do so successfully, it is necessary to analyze the impact on people. Without employee support no innovation will succeed. The single most important issue is therefore the – extent to which trust can be developed between a workforce and organization. This will demand a long-term approach in which individuals are both consulted and kept informed about development within the business. Resistance to change will emerge ifthe basic needs of security, social ties, and self-esteem are threatened.
Source: Business Studies by Tan Marcosse, 2nd Edition page 31 O
(a)
(b)
What is meant by “change management”?
From the passage, who are those that resist change most?
(3 marks)
(2marks)
(c)
Besides the points mentioned in the passage, identify five reasons why people resist change.
(5 marks)
(d)
State four ways an organization can cause workers to accept change.
(8marks)
(e)
Differentiate between anticipated change and unanticipated change.
Beltha
October 29, 2023
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