0% found this document useful (0 votes)

65 views15 pages

20 FY12 CEEconomics AB

This document is an economics exam for Year 12 students in Fiji. It contains multiple choice and short answer questions testing students' knowledge of microeconomics, macroeconomics, and economic concepts. The exam is divided into three sections: [1] Introduction to Economics, [2] Microeconomics, and [3] Macroeconomics. Students are instructed to answer questions in the provided answer booklet before submitting it to their supervisor upon leaving the exam room.

Uploaded by

afmobilerepairs

We take content rights seriously. If you suspect this is your content, claim it here.

Available Formats

Download as PDF, TXT or read online on Scribd

0% found this document useful (0 votes)

65 views15 pages

20 FY12 CEEconomics AB

Uploaded by

afmobilerepairs

We take content rights seriously. If you suspect this is your content, claim it here.

Available Formats

Download as PDF, TXT or read online on Scribd

You are on page 1/ 15

MINISTRY OF EDUCATION, HERITAGE & ARTS

FIJI YEAR 12 CERTIFICATE EXAMINATION 2020

ECONOMICS

ANSWER BOOKLET

HAND IN THIS ANSWER BOOKLET TO THE SUPERVISOR

BEFORE YOU LEAVE THE EXAMINATION ROOM.

For official use only

PIN:

Mark
Gained:

COPYRIGHT: MINISTRY OF EDUCATION, HERITAGE & ARTS, FIJI, 2020.

SECTION A INTRODUCTION TO ECONOMICS [8 marks]

Circle the letter of the best answer in the Answer Booklet.

QUESTION 1 MULTIPLE CHOICE QUESTIONS (2 marks)

Circle the letter which represents the best answer.

1 A B C D

2 A B C D

QUESTION 2 SHORT ANSWER QUESTIONS (6 marks)

(i) Productive efficiency (1 mark)

(ii) I. & II. Title: _______________________________________________________________

(3 marks)

© MEHA, FY12CE 2020: ECONOMICS.

(iii) I. Marginal Rate of Transformation

Answer: _________________________

(1 mark)

II. Opportunity Cost

. (1 mark)

Answer: _________________________

SECTION B MICROECONOMICS (26 marks)

QUESTION 1 MULTIPLE CHOICE QUESTIONS (7 marks)

1 A B C D

2 A B C D

3 A B C D

4 A B C D

5 A B C D

6 A B C D

7 A B C D

Turn Over
© MEHA, FY12CE 2020: ECONOMICS.
4

QUESTION 2 SHORT ANSWER QUESTIONS (19 marks)

a. (i) Monopoly market structure

_____________________________________________________________________________
_____________________________________________________________________________
(1 mark)

(ii) Profit Maximising Output Profit Maximising Price

(2 marks)

(iii) Profit

Answer: _______________________ (1 mark)

(iv) ____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
(2 marks)

b. (i) Positive cross elasticity of demand

___________________________________________________________________________
___________________________________________________________________________
(1 mark)

(ii)

Answer: ___________________

(2 marks)

© MEHA, FY12CE 2020: ECONOMICS.

(iii)
________________________________________________________________________________
________________________________________________________________________________
(1 mark)

c.
(i) ___________________________________________________ (1 mark)

(ii) __________________________________________________________________________
(1 mark)

(iii)_____________________________________________________________________________
_____________________________________________________________________________
(1 mark)

d. (i) Marginal Product

_____________________________________________________________________________
_____________________________________________________________________________
(1 mark)

(ii) A- B- (2 marks)

(iii) Title: __________________________________________________________

0
(3 marks)
Turn Over
© MEHA, FY12CE 2020: ECONOMICS.
6

SECTION C MACROECONOMICS (21 marks)

QUESTION 1 MULTIPLE CHOICE QUESTIONS (5 marks)

1 A B C D

2 A B C D

3 A B C D

4 A B C D

5 A B C D

QUESTION 2 SHORT ANSWER QUESTIONS (16 marks)

a. (i) Gross fixed capital formation
_______________________________________________________________________________
_______________________________________________________________________________
(1 mark)

(ii) I. GDP at Factor Cost

Answer: ___________________
(1 mark)

II. GDP at Market Price

(1 mark)

Answer: ___________________

© MEHA, FY12CE 2020: ECONOMICS.

(iii) _______________________________________________ (1 mark)

(iv) __________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
__________________________________________________________________________
(2 marks)

b. (i) Broad money

_______________________________________________________________________________
_______________________________________________________________________________

(ii) X ________________________________ (1 mark)

(iii)

(1 mark)
Answer: Y= ___________________

c. (i) Velocity of Circulation

______________________________________________________________________________________
______________________________________________________________________________________
(1 mark)

(ii)

Answer: ___________________
(1 mark)

(iii)____________________________________________________________________________
_______________________________________________________________________________
(1 mark)
Turn Over

© MEHA, FY12CE 2020: ECONOMICS.

(iv) Nominal Gross Domestic Product

(1 mark)
Answer: _________________________

d. (i) Interest rate

_______________________________________________________________________________
_______________________________________________________________________________
(1 mark)

(ii) ____________________________________________________________________________

(1 mark)

(iii)____________________________________________________________________________
_______________________________________________________________________________
(1 mark)

SECTION D INTERNATIONAL ECONOMICS (14 marks)

QUESTION 1 MULTIPLE CHOICE QUESTIONS (3 marks)

1 A B C D

2 A B C D

3 A B C D

QUESTION 2 SHORT ANSWER QUESTIONS (11 marks)

a.
(i)

(ii)

(iii)

(iv)

(v)

(vi)

(3 marks)
b. (i) Net Transfers
______________________________________________________________________________________
_____________________________________________________________________________________
(1 mark)

(ii) I. Current account

Answer: _________________________
(1 mark)
II. Capital account

Answer: _________________________

(1 mark)
(iii) Investment abroad example
________________________________________________________________ (1 mark)

(iv)____________________________________________________________________________
_______________________________________________________________________________
_______________________________________________________________________________
_______________________________________________________________________________
(2 marks)
© MEHA, FY12CE 2020: ECONOMICS.
10

c. ______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
(2 marks)

SECTION E DEVELOPMENT ECONOMICS (11 marks)

QUESTION 1 MULTIPLE CHOICE QUESTIONS (3 marks)

1 A B C D

2 A B C D

3 A B C D

QUESTION 2 SHORT ANSWER QUESTIONS (8 marks)

a. ________________________________________________________________________________
________________________________________________________________________________
(2 marks)

b. (i) _________________________________________________________________(1 mark)

(ii)___________________________________________________________________________________
______________________________________________________________________________________
(1 mark)

(iii) _______________________________________________________________ (1 mark)

(iv) _________________________________________ (1 mark)

(v)
____________________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
(2 marks)

QUESTION 3 ESSAY QUESTIONS [20 marks]

SECTION

___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________

For Marker's Use Only

Introduction Content Conclusion Total

SECTION

For Marker's Use Only

Introduction Content Conclusion Total

½ 3 3 3 ½ 10

THE END
____________________________________________________________

COPYRIGHT: MINISTRY OF EDUCATION, HERITAGE & ARTS, FIJI, 2020.

INDEX NUMBER

ECONOMICS

FOR MARKER’S USE

Section Marks Check

Gained Mark

_____

Total

AS Business Notes
81% (27)
AS Business Notes
119 pages
II Puc Eco QB 2024 Eng
No ratings yet
II Puc Eco QB 2024 Eng
34 pages
Economics Passing Package 2023-24
100% (2)
Economics Passing Package 2023-24
29 pages
2nd Puc Eco Question Bank
No ratings yet
2nd Puc Eco Question Bank
36 pages
II PUC Passing Package 2024 With Cover Page Eng
No ratings yet
II PUC Passing Package 2024 With Cover Page Eng
28 pages
Economics 2003
No ratings yet
Economics 2003
35 pages
Network Marketing Business Techniques 1
100% (2)
Network Marketing Business Techniques 1
7 pages
Y12 Eco QP
No ratings yet
Y12 Eco QP
17 pages
07 June s2 NW 12 Economics p2 MG Eng June 2024
No ratings yet
07 June s2 NW 12 Economics p2 MG Eng June 2024
20 pages
Economics 2 Model Question Papers by Tumkur-1 - 240202 - 225656
No ratings yet
Economics 2 Model Question Papers by Tumkur-1 - 240202 - 225656
6 pages
0525 Econs Marking Guide 2025
No ratings yet
0525 Econs Marking Guide 2025
8 pages
PR 1-JULY2019 - Sem2
No ratings yet
PR 1-JULY2019 - Sem2
7 pages
Economics p2 QP Gr11 Nov2023 - English - Enlargement
No ratings yet
Economics p2 QP Gr11 Nov2023 - English - Enlargement
20 pages
Questions: Download More at WWW - Ebookskenya.co - Ke
No ratings yet
Questions: Download More at WWW - Ebookskenya.co - Ke
38 pages
Economics in Banking
No ratings yet
Economics in Banking
4 pages
PSSC Economics QP
No ratings yet
PSSC Economics QP
43 pages
18 Fy13ce Economics Detailed Solutions
100% (2)
18 Fy13ce Economics Detailed Solutions
13 pages
S.5 Assessment March 2021 Paper 1
100% (1)
S.5 Assessment March 2021 Paper 1
2 pages
2011 Wassce May-June - Economics 2
No ratings yet
2011 Wassce May-June - Economics 2
3 pages
Prelim 3 Eco Question
No ratings yet
Prelim 3 Eco Question
6 pages
Questions Number One: Economics - Block Revision Mock 2
No ratings yet
Questions Number One: Economics - Block Revision Mock 2
39 pages
BBB 2203 - Intermediate Micro Economics 2018 Year II Semester 1
No ratings yet
BBB 2203 - Intermediate Micro Economics 2018 Year II Semester 1
2 pages
Micro-Econ Past Paper 2
No ratings yet
Micro-Econ Past Paper 2
3 pages
Economics p2 QP Gr11 Nov2023 - English
No ratings yet
Economics p2 QP Gr11 Nov2023 - English
12 pages
GR 12 Econ Circular Flow Test QP - Jan 2023
No ratings yet
GR 12 Econ Circular Flow Test QP - Jan 2023
7 pages
7163 QPQQ
No ratings yet
7163 QPQQ
13 pages
Micro-Econ Past Paper 16
No ratings yet
Micro-Econ Past Paper 16
3 pages
MG GR 12 Controlled 1 Test 2024-3
No ratings yet
MG GR 12 Controlled 1 Test 2024-3
15 pages
Ii Puc New QB Passing MCQ, Fib, MF, Poq
No ratings yet
Ii Puc New QB Passing MCQ, Fib, MF, Poq
15 pages
2023 Econ Grade 11 P1 Nov MG
No ratings yet
2023 Econ Grade 11 P1 Nov MG
14 pages
Saini International School Howrah: Unit Test I
No ratings yet
Saini International School Howrah: Unit Test I
4 pages
Excellence Grade 10 Economics
No ratings yet
Excellence Grade 10 Economics
10 pages
ECONOMICS P1 GR12 QP SEPT2023 - English
No ratings yet
ECONOMICS P1 GR12 QP SEPT2023 - English
13 pages
Class 12 Cbse Economics Sample Paper 2012-13
No ratings yet
Class 12 Cbse Economics Sample Paper 2012-13
23 pages
Economics Date: 13 June 2024 Period: 8H30-11H30: End of Term Iii Examination Question Paper
No ratings yet
Economics Date: 13 June 2024 Period: 8H30-11H30: End of Term Iii Examination Question Paper
20 pages
2007 Foja Econ
No ratings yet
2007 Foja Econ
8 pages
2006 Foja Econ
No ratings yet
2006 Foja Econ
7 pages
Me Final Exam - 21.10.2023
No ratings yet
Me Final Exam - 21.10.2023
4 pages
2 25 Modal
No ratings yet
2 25 Modal
5 pages
Economics 2 Model Question Papers by Tumkur
No ratings yet
Economics 2 Model Question Papers by Tumkur
6 pages
Sample Question Paper-2023-2024 Economics Class-12 Time: 3 Hours 15 Minutes M.M.: 100
No ratings yet
Sample Question Paper-2023-2024 Economics Class-12 Time: 3 Hours 15 Minutes M.M.: 100
2 pages
Mock Exams
No ratings yet
Mock Exams
13 pages
CLASS XII RBSE Economics Preboard 4
No ratings yet
CLASS XII RBSE Economics Preboard 4
5 pages
Abt Test Question Bank With Answer
No ratings yet
Abt Test Question Bank With Answer
3 pages
856 Economics QP
No ratings yet
856 Economics QP
4 pages
n360 - Economics n4 June QP 2019
No ratings yet
n360 - Economics n4 June QP 2019
9 pages
Puc II Year Mid Term - 01 (30.09.24) .Docx English - Docx RSP
No ratings yet
Puc II Year Mid Term - 01 (30.09.24) .Docx English - Docx RSP
4 pages
Labour Law PDF
No ratings yet
Labour Law PDF
16 pages
Day01 - (2-12-24) MON (9AM) HEAPG - (EEC1104) Economics 1 Paper
No ratings yet
Day01 - (2-12-24) MON (9AM) HEAPG - (EEC1104) Economics 1 Paper
3 pages
CA14 Economics Pilot Paper
No ratings yet
CA14 Economics Pilot Paper
2 pages
Econ 1
No ratings yet
Econ 1
3 pages
2022中国薪酬报告 20220629202106
100% (1)
2022中国薪酬报告 20220629202106
370 pages
PMIC5111 Mock Examination 1 No Memo
No ratings yet
PMIC5111 Mock Examination 1 No Memo
7 pages
Economics 1
No ratings yet
Economics 1
4 pages
Economics Full Test No
No ratings yet
Economics Full Test No
3 pages
KASNEB - Aug 2009 To Nov 2010
50% (2)
KASNEB - Aug 2009 To Nov 2010
13 pages
December 2021 Economics - Pilot Paper
No ratings yet
December 2021 Economics - Pilot Paper
2 pages
Eco 121 Set 2 Fundamentals of Economics
No ratings yet
Eco 121 Set 2 Fundamentals of Economics
3 pages
Introduction To Economics and Finance: The Institute of Chartered Accountants of Pakistan
No ratings yet
Introduction To Economics and Finance: The Institute of Chartered Accountants of Pakistan
2 pages
Syndicate 8 - Pio - Gap Inc. Refashioning PM
No ratings yet
Syndicate 8 - Pio - Gap Inc. Refashioning PM
8 pages
Examination No. - The Public Accountants Examination Council of Malawi 2010 Examinations Foundation Stage Paper 4: Organisational Framework
No ratings yet
Examination No. - The Public Accountants Examination Council of Malawi 2010 Examinations Foundation Stage Paper 4: Organisational Framework
11 pages
S5 Econ Holiday Package 2020 PDF
No ratings yet
S5 Econ Holiday Package 2020 PDF
2 pages
52 Eco - 2013
No ratings yet
52 Eco - 2013
6 pages
Auditing Theory Test Bank
No ratings yet
Auditing Theory Test Bank
18 pages
IMPORT and EXPORT Business Process Org
No ratings yet
IMPORT and EXPORT Business Process Org
10 pages
ABC Analysis
No ratings yet
ABC Analysis
12 pages
Demand) : HSC Accounts Model Paper
No ratings yet
Demand) : HSC Accounts Model Paper
3 pages
IA Rubric Requirements - Checklist
No ratings yet
IA Rubric Requirements - Checklist
1 page
Trading Indicator
No ratings yet
Trading Indicator
2 pages
Overhead Costing - Notes
No ratings yet
Overhead Costing - Notes
6 pages
NSDF Namibia Presentation
No ratings yet
NSDF Namibia Presentation
19 pages
Farming Project For Students
No ratings yet
Farming Project For Students
5 pages
Thomas Cook Our Past & Present
No ratings yet
Thomas Cook Our Past & Present
16 pages
ATC List 2023 - 240424
No ratings yet
ATC List 2023 - 240424
112 pages
Cost Chapter 1 Introduction To Management Accounting
100% (1)
Cost Chapter 1 Introduction To Management Accounting
15 pages
Group 8 - MyCleaners - in
No ratings yet
Group 8 - MyCleaners - in
27 pages
Ledger Format
No ratings yet
Ledger Format
12 pages
CI Insitute Premium Extra
No ratings yet
CI Insitute Premium Extra
10 pages
Chap 008
No ratings yet
Chap 008
77 pages
Pros and Cons of Free Trade
100% (2)
Pros and Cons of Free Trade
3 pages
HLF Sharing Fitness Business Cooperation
No ratings yet
HLF Sharing Fitness Business Cooperation
17 pages
Study The Extract and Data Below and Answer The Questions That Follow
No ratings yet
Study The Extract and Data Below and Answer The Questions That Follow
2 pages
Ge-V HRM
No ratings yet
Ge-V HRM
3 pages
Canada's Best Jobs - Complete Ranking of The 100 Top Jobs PDF
No ratings yet
Canada's Best Jobs - Complete Ranking of The 100 Top Jobs PDF
6 pages
Outline For Reviewing Supply Chain Processes at Krave Mart
No ratings yet
Outline For Reviewing Supply Chain Processes at Krave Mart
9 pages
Higher Financing Institutions
No ratings yet
Higher Financing Institutions
10 pages
Literature Review: Population Density and The Environment
No ratings yet
Literature Review: Population Density and The Environment
10 pages
Review On A Theory of Production
No ratings yet
Review On A Theory of Production
6 pages
JD of Reckitt Benckiser
No ratings yet
JD of Reckitt Benckiser
2 pages
IGNOU BCA Accountancy 1 Previous Year Unsolved Papers ECO 2
From Everand
IGNOU BCA Accountancy 1 Previous Year Unsolved Papers ECO 2
Manish Soni
No ratings yet

20 FY12 CEEconomics AB

Uploaded by

20 FY12 CEEconomics AB

Uploaded by

MINISTRY OF EDUCATION, HERITAGE & ARTS

FIJI YEAR 12 CERTIFICATE EXAMINATION 2020

HAND IN THIS ANSWER BOOKLET TO THE SUPERVISOR

For official use only

COPYRIGHT: MINISTRY OF EDUCATION, HERITAGE & ARTS, FIJI, 2020.

SECTION A INTRODUCTION TO ECONOMICS [8 marks]

QUESTION 1 MULTIPLE CHOICE QUESTIONS (2 marks)

Circle the letter which represents the best answer.

QUESTION 2 SHORT ANSWER QUESTIONS (6 marks)

(i) Productive efficiency (1 mark)

(ii) I. & II. Title: _______________________________________________________________

© MEHA, FY12CE 2020: ECONOMICS.

(iii) I. Marginal Rate of Transformation

II. Opportunity Cost

SECTION B MICROECONOMICS (26 marks)

QUESTION 2 SHORT ANSWER QUESTIONS (19 marks)

a. (i) Monopoly market structure

(ii) Profit Maximising Output Profit Maximising Price

Answer: _______________________ (1 mark)

b. (i) Positive cross elasticity of demand

© MEHA, FY12CE 2020: ECONOMICS.

d. (i) Marginal Product

(iii) Title: __________________________________________________________

SECTION C MACROECONOMICS (21 marks)

QUESTION 1 MULTIPLE CHOICE QUESTIONS (5 marks)

QUESTION 2 SHORT ANSWER QUESTIONS (16 marks)

(ii) I. GDP at Factor Cost

II. GDP at Market Price

© MEHA, FY12CE 2020: ECONOMICS.

(iii) _______________________________________________ (1 mark)

b. (i) Broad money

(ii) X ________________________________ (1 mark)

c. (i) Velocity of Circulation

© MEHA, FY12CE 2020: ECONOMICS.

(iv) Nominal Gross Domestic Product

d. (i) Interest rate

SECTION D INTERNATIONAL ECONOMICS (14 marks)

© MEHA, FY12CE 2020: ECONOMICS.

QUESTION 2 SHORT ANSWER QUESTIONS (11 marks)

(ii) I. Current account

SECTION E DEVELOPMENT ECONOMICS (11 marks)

QUESTION 2 SHORT ANSWER QUESTIONS (8 marks)

b. (i) _________________________________________________________________(1 mark)

(iii) _______________________________________________________________ (1 mark)

(iv) _________________________________________ (1 mark)

© MEHA, FY12CE 2020: ECONOMICS.

QUESTION 3 ESSAY QUESTIONS [20 marks]

For Marker's Use Only

Introduction Content Conclusion Total

© MEHA, FY12CE 2020: ECONOMICS.

For Marker's Use Only

COPYRIGHT: MINISTRY OF EDUCATION, HERITAGE & ARTS, FIJI, 2020.

© MEHA, FY12CE 2020: ECONOMICS.

FOR MARKER’S USE

Section Marks Check

© MEHA, FY12CE 2020: ECONOMICS.

You might also like