GCE O - LEVEL ECONOMICS

 SOUTHWEST REGIONAL MOCK 

1. a) Differentiate between indirect tax and direct tax.
   b) State four reasons why the government of Cameroon impose taxes
   c) Distinguish between external and internal depth
   d) Differentiate between birth rate and death rate
   e) State and explain 4 Characteristics of FCFA as a medium of exchange.
2. a) Explain 3 functions of a central bank 
   b) Distinguish between mobility of labor and division of labor , Nationalization and privatization
   c) State and explain 3 advantages of economic growth in Cameroon
   d) state and explain four factors encountered for low level of industrialization in Cameroon 
3. Write short notes on
   Scale of preference
   economic growth
   Merit goods
4. Define the following
   GDP
   GNP
   NPIFA
5. a) State and explain four sources of government revenue
   b) Define budget deficit and surplus 
   c) State and explain 3 principles of a good tax
   d) Distinguish between public company and private cooperation
6. a)Define the following
   Ageing population
   Over population 
   b) Define
   scarcity 
   Choice 
   Opportunity Cost
   Public goods
7. a) Distinguish between between plantation agriculture and small holder schemes
   b) Define the following
   National income 
   Economic growth
8. a)state and explain 3 causes of economic growth
   b) State and explain problems encountered during census
   c) State and explain 4 factors that influence birth rate
   d) State and explain3 consequences of expanding population
9. a) State and explain 5 functions of commercial banks
   b) Differentiate between inflation and deflation giving effect