ECONOMICS 1B January 2016.pdf - SUPPLEMENTARY EXAMINATION...

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
DATE 08 January 2016
TIME 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 HOURS to 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 BOOK examination.
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
1.1 Which 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.