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GDE SUPPLEMENTARY EXAMINATION PROGRAMME Bachelor of Business Administration; Bachelor of Commerce in Marketing Management; Bachelor of Commerce in Human Resource Management; Bachelor of Commerce in Information and Technology Management; Bachelor of Commerce in Supply Chain Management Bachelor of Public Administration MODULE Economics 1B YEAR One (1) INTAKE January 2015 DATE08 January 2016TIME 09h00 –12h00 DURATION 3 hours TOTAL MARKS 100 INSTRUCTIONS TO THE CANDIDATE 1.Questions must be attempted in the answer book provided. 2.All queries should be directed to the invigilator; do not communicate or attempt to communicate with any other candidate. 3.You have THREE HOURSto complete this paper. You are not allowed to leave the examination room within the first hour and in the last 15 minutes of this examination. 4.This is a CLOSED BOOKexamination. 5.Read ALL instructions carefully.
GDE 1 SECTION A [40 MARKS] Answer ALL questions in this section. QUESTION ONE (20 Marks) Choose the most appropriate answer. Write down the question number and the correct letter next to it. E.g. 1.11 A 1.1Which one of the following does NOT represent a key macroeconomic variable? a) The unemployment rate. b) The inflation rate. c) Gross Domestic Product (GDP). d) The population growth rate. e) Income distribution.