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Country XYZ is facing a problem of high levels of unemployment. Explain five measures that the government may take to address this problem. (10 marks)November 2022
Increase government spending on infrastructure projects: This would create jobs in the construction and manufacturing industries, and stimulate economic growth. Implement tax incentives for businesses: This could encourage companies to invest in new projects and hire more employees. Increase fundingRead more
Drawing angles: A set square is a technical drawing instrument that is used to draw angles, such as right angles, by aligning the set square with the edge of the drawing board. Measuring angles: A set square can also be used to measure angles by placing it against the edge of the drawing board or against another angle in the drawing (c) With the aid of drawings, describe each of the following types of lines: (i) outline; (ii) _ centre line; 3 (iii) construction line. (6 marks) Oct/Nov. 2022
(i) Outline: An outline is a line that defines the outer edge or boundary of an object or shape. It is usually a solid, thick line that is used to distinguish the object from its surroundings. In the example, the outline of the rectangle shows the shape and size of the object. (ii) Centre line: A ceRead more
(i) Outline: An outline is a line that defines the outer edge or boundary of an object or shape. It is usually a solid, thick line that is used to distinguish the object from its surroundings. In the example, the outline of the rectangle shows the shape and size of the object.
(ii) Centre line: A centre line is a line that is used to divide an object or shape into equal halves, either horizontally or vertically. It is usually a dashed line that is used to help align and position other elements in the drawing. In the example, the center line of the rectangle is used to divide the rectangle into two equal parts.
(iii) Construction line: A construction line is a temporary line that is used to help construct and align elements in a drawing. It is usually a thin, dashed line that is used to help establish proportions, angles, and positions. In the example, the construction lines are used to draw the rectangle and to align the centerline. These lines are not necessary for the final drawing but are used as a guide to achieve the final outcome.
See lessExplain five monetary measures that a government may take to control the level of inflation in an economy. (10 marks)November 2022
Inflation is an increase in the overall price level of goods and services in an economy. A government may take several monetary measures to control the level of inflation in an economy, such as: Interest rate policy: A government can control inflation by manipulating the interest rate through its ceRead more
Inflation is an increase in the overall price level of goods and services in an economy. A government may take several monetary measures to control the level of inflation in an economy, such as:
Most developing countries rely heavily on borrowing to finance their development budgets. Explain five reasons for such reliance. (10 marks)November 2022
Developing countries often rely heavily on borrowing to finance their development budgets for a variety of reasons: Limited domestic resources: Developing countries typically have limited domestic resources, such as savings and investment, to finance development projects. Borrowing allows them to acRead more
Developing countries often rely heavily on borrowing to finance their development budgets for a variety of reasons:
Explain five factors that may limit credit creation in an economy. (10 marks)November 2022
Credit creation refers to the process by which banks and other financial institutions create new money by issuing loans and other forms of credit. However, there are several factors that may limit credit creation in an economy, these include: Reserve requirements: Banks are typically required to holRead more
Credit creation refers to the process by which banks and other financial institutions create new money by issuing loans and other forms of credit. However, there are several factors that may limit credit creation in an economy, these include:
Country X uses the expenditure approach in the determination of its national income. Outline five macro-economic expenditure categories that should be included in the approach. (10 marks)November 2022
The expenditure approach to determining national income, also known as the GDP (Gross Domestic Product) approach, measures the total value of all final goods and services produced within a country in a given period of time. The expenditure approach includes the following macro-economic expenditure cRead more
The expenditure approach to determining national income, also known as the GDP (Gross Domestic Product) approach, measures the total value of all final goods and services produced within a country in a given period of time. The expenditure approach includes the following macro-economic expenditure categories:
Explain five benefits that may accrue to a firm from operating in large scale. (10 marks)November 2022
Economies of scale: As a firm increases its production, it can benefit from economies of scale, which refer to the cost advantages that a firm can achieve by producing goods or services in large quantities. These can include lower costs for raw materials, labor, and capital. Increased market power:Read more
1 (a) State two uses of each of the following drawing instruments: G) T-square; (ii) drawing board; a Gii) set square. (6 marks) Oct/Nov. 2022
(i) T-square: Drawing straight lines: A T-square is a technical drawing instrument that is used to draw straight lines, such as horizontal and vertical lines, by sliding the T-square along the edge of the drawing board. Using as a ruler: A T-square can also be used as a ruler to measure distances anRead more
(i) T-square:
(ii) Drawing board:
(iii) Set square:
Explain five factors that may influence the supply of labour in an economy. (10 marks)November 2022
The supply of labour in an economy refers to the number of people willing and able to work in a given period of time. There are several factors that can influence the supply of labour in an economy, including: Demographics: The size and age distribution of the population can affect the supply of labRead more
The supply of labour in an economy refers to the number of people willing and able to work in a given period of time. There are several factors that can influence the supply of labour in an economy, including:
(ii) Outline four advantages of bus topology. (4 marks)November 2022
Easy to set up: Bus topology is relatively simple to set up, as it only requires a single cable to connect all devices. This makes it a cost-effective option for small networks. Easy to extend: Bus topology is easy to extend by simply adding more devices to the bus. This makes it a convenient optionRead more