CSEC® Economics Past Papers

Economics

CSEC? PAST PAPERS

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? Caribbean Examinations Council (CXC?) 2014 cxc-

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First published 2014

This revised version published December 2015

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CSEC? Economics Past Papers

LIST OF CONTENTS

Paper 02 June 2007

3

Paper 03/2 May/June 2007

8

Paper 02 June 2008

13

Paper 03/2 May/June 2008

18

Paper 02 June 2009

23

Paper 03/2 May/June 2009

27

Paper 02 June 2010

32

Paper 03/2 May/June 2010

37

Paper 02 June 2011

43

Paper 03/2 May/June 2011

47

Paper 02 June 2012

51

Paper 032 May/June 2012

56

Paper 02 June 2013

61

Paper 032 May/June 2013

66

Paper 02 June 2014

71

Paper 032 May/June 2014

78

Paper 02 June 2015

83

Paper 032 May/June 2015

90

FORM TP 2007066

TEST CODE 01216020

MAY/JUNE 2007

CARIBBEAN EXAMINATIONS COUNCIL SECONDARY EDUCATION CERTIFICATE EXAMINATION ECONOMICS

Paper 02 - General Proficiency

2 hours

( 06 JUNE 2007 (a.m.))

INSTRUCTIONS TO CANDIDATES

1. Answer ALL FOUR questions in Section I and TWO questions in Section II. 2. Number each answer in your booklet correctly. 3. Begin each answer on a new page. 4. Use the blank form(s) supplied to prepare answers where necessary. 5. Silent electronic calculators may be used, but ALL necessary working should

be clearly shown.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO

Copyright ? 2006 Caribbean Examinations Council ?. All rights reserved.

0 1216020/F 2007

-2 -

SECTION I

Answer ALL FOUR questions in Section I. Each question is worth 15 marks.

1.

(a) Defme the term 'national income' .

(b) List THREE factors that affect the national income of a country.

( 2 marks) ( 3 marks)

(c) Explain TWO factors that may affect the quality of national income statistics. ( 4marks)

(d) Discuss THREE drawbacks of using the national income as a measure of the standard of

living.

( 6 marks)

Total 15 marks

2.

(a) Defme the concept ' terms of trade' .

(b) List THREE reasons why countries trade.

( 2 marks) ( 3 marks)

(c) Explain TWO ways in which a significant foreign direct investment is likely to impact

your country.

( 4 marks)

(d) With reference to a named country, discuss TWO reasons why a trade surplus may have

negative effects on an economy.

( 6 marks)

Total 15 marks

3.

(a) Defme a 'production possibility curve'.

( 2 marks)

(b) Identify THREE advantages of the division of labour.

( 3 marks)

(c) With reference to the sugar industry, distinguish between 'primary' and 'secondary'

factors of production.

( 4 marks)

(d) If the quantity of capital available for production in your country increases but labour remains fixed, would the law of diminishing returns still operate? Explain your answer. ( 6 marks)

Total 15 marks

0 12 16020/F 2007

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