10/05/2026
🔥 GCE O LEVEL ECONOMICS 2026 “SPECO” 👀
SCREENSHOT BEFORE EXAM. COME BACK AFTER 🔥
Most students will ignore this now… then regret it inside the exam hall 😭
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Cameroon General Certificate of Education
Ordinary Level – Economics Paper 2
Time Allowed: 2 Hours 30 Minutes
Instructions:
Answer any FOUR questions.
All questions carry equal marks.
Show all working where necessary.
Give relevant examples where appropriate.
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Question 1
(a) Define the following terms:
i) Inflation
ii) Deflation
iii) Consumer Price Index
iv) Purchasing Power
(2 marks each)
(b) Explain FOUR causes of inflation in Cameroon.
(8 marks)
(c) Discuss FOUR effects of inflation on the economy.
(8 marks)
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Question 2
(a) Define the following terms:
i) Demand
ii) Supply
iii) Market equilibrium
iv) Excess demand
(2 marks each)
(b) The table below shows demand and supply of rice:
Price | Quantity Demanded | Quantity Supplied
100 | 90 | 30
200 | 70 | 50
300 | 50 | 50
400 | 30 | 70
i) Determine the equilibrium price.
ii) Explain what happens when price is fixed above equilibrium.
(8 marks)
(c) Explain FOUR factors affecting demand.
(8 marks)
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Question 3
(a) Define the following terms:
i) Central bank
ii) Commercial bank
iii) Credit creation
iv) Interest rate
(2 marks each)
(b) Explain FOUR functions of a central bank.
(8 marks)
(c) Explain THREE monetary policy measures used to control inflation.
(12 marks)
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Question 4
(a) Define the following terms:
i) Population
ii) Migration
iii) Urbanisation
iv) Population density
(2 marks each)
(b) Explain FOUR causes of rural–urban migration in Cameroon.
(8 marks)
(c) Explain FOUR effects of rapid population growth on economic development.
(12 marks)
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Question 5
(a) Define the following terms:
i) Division of labour
ii) Specialisation
iii) Economies of scale
iv) Production
(2 marks each)
(b) Explain FOUR advantages of division of labour.
(8 marks)
(c) Explain FOUR disadvantages of large-scale production.
(12 marks)
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Question 6
(a) Define the following terms:
i) Balance of payments
ii) Balance of trade
iii) Devaluation
iv) Exchange rate
(2 marks each)
(b) Explain FOUR causes of balance of payments deficit in Cameroon.
(8 marks)
(c) State and explain FOUR measures used to correct balance of payments deficit.
(12 marks)
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