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Business Studies Question Paper

Business Studies

Course:Business Studies

Institution: Form 4 question papers

Exam Year:2017

1)With the aid of appropriate examples differentiate primary wants from secondary wants

2)Using examples distinguish between man made resources and human resources

3)List and explain the characteristics of human wants

4) National income is measured using the expenditure approach given as :
Y=C+I+G+(X-M)
State what is represented by each of the letters in the equation

5)Outline 5 problems that may be encountered when measuring national income

6)With the aid of a diagram describe the circular flow of income in a four sector economy

7)Discuss 3 factors that may influence the level of national income in a country

8)Distinguish between:

A)gross domestic product and gross national product
B)net national output and net national income

9)Highlight 4 factors that influence birth rate and hence the fertility rate in a region

10)Differentiate between an ageing population and a declining population

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