(a) Differentiate the development plan from the Economic plan. (b) distinguish between the Imperative plan and the Indicative plan (c) compare Plan machinery and Plan appraisal. (d) differentiate between a Centralized plan and a Decentralized plan. (e) identify the distinctions between a Socialist plan and a Capitalist plan.

1. Differentiate the development plan from the Economic plan. (0 mk)
2. Differentiate the development plan from the Economic plan. (2 mk)
3. distinguish between the Imperative plan and the Indicative plan (2 mk)
4. distinguish between the Imperative plan and the Indicative plan (0 mk)
5. compare Plan machinery and Plan appraisal. (0 mk)
6. compare Plan machinery and Plan appraisal. (2 mk)
7. differentiate between a Centralized plan and a Decentralized plan. (0 mk)
8. differentiate between a Centralized plan and a Decentralized plan. (2 mk)
9. identify the distinctions between a Socialist plan and a Capitalist plan. (2 mk)
10. identify the distinctions between a Socialist plan and a Capitalist plan. (0 mk)

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According to Harrold Domar Growth Model, economic growth is independent from the level of national savings and productivity of capital investment. Explain briefly the limitations of this model.

1. Explain briefly the limitations of the Harrold Domar Growth Model. (10 mk)

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(a) You have provided wit income function of two sector model of Y = C + I and consumption function of C = a + bY. Derive the investment multiplier. (b) You are given the data of country X. Calculate the change of National Income in the economy. (c) Elaborate six factors that determine the level of savings in the economy.

1. You have provided wit income function of two sector model of Y = C + I and consumption function of C = a + bY. Derive the investment multiplier. (0 mk)
2. Given the income function of a two-sector model Y = C + I and consumption function C = a + bY, derive the investment multiplier. (5 mk)
3. You are given the data of country X. Calculate the change of National Income in the economy. (0 mk)
4. You are given the data of country X. Calculate the change of National Income in the economy. (5 mk)
5. Elaborate six factors that determine the level of savings in the economy. (0 mk)
6. Elaborate six factors that determine the level of savings in the economy. (5 mk)

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(a) Fill the blanks in the following table by finding the value of goods when VAT is inclusive and the value of goods when VAT is exclusive. (b) Provide the reasons on why do consumers suffer from a price increase when demand is inelastic but benefit from price reduction when demand is elastic. (c) Provide reasons why consumers abandon the consumption of the commodity when the demand is perfectly elastic but are forced to continue consuming the commodity when demand is perfectly inelastic. (d) justify whether it is true that tax incidence always falls on the consumer.

1. Fill the blanks in the following table by finding the value of goods when VAT is inclusive and the value od goods when VAT is exclusive. (0 mk)
2. Fill the blanks in the following table by finding the value of goods when VAT is inclusive and the value of goods when VAT is exclusive. S/N | Actual value of goods | Percentage VAT | Value of goods VAT inclusive | Value of goods VAT exclusive 1 | 1000 | 20 | 2 | 1200 | 18 | 3 | 1300 | 16 | 4 | 1400 | 19 | 5 | 1500 | 17 | 6 | 2000 | 19 | 7 | 2800 | 20 | 8 | 2600 | 17 | 9 | 2700 | 18 | 10 | 2900 | 16 | (5 mk)
3. Provide the reasons on why do consumers suffer from a price increase when demand is inelastic but benefit from price reduction when demand is elastic. (4 mk)
4. Provide reasons why consumers abandon the consumption of the commodity when the demand is perfectly elastic but are forced to continue consuming the commodity when demand is perfectly inelastic. (3 mk)
5. Justify whether it is true that tax incidence always falls on the consumer. (3 mk)

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Describe briefly five factors which limit the process of credit of creation by commercial banks.

1. Given the following data: Initial deposit = 10,000.00 Tsh, Cash ratio is 20%. Calculate the total credit created when three commercial banks are involved in the process. (4 mk)
2. Calculate total credit created when three commercial banks are involved in the process. (0 mk)
3. Differentiate commercial bank assets from commercial bank liabilities. (0 mk)
4. Describe briefly five factors which limit the process of credit of creation by commercial banks. (0 mk)
5. Differentiate commercial bank assets from commercial bank liabilities. (3 mk)
6. Describe briefly five factors which limit the process of credit creation by commercial banks. (3 mk)

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Domestic and international trade are two sides of the same commercial transactions. Analyse the differences between domestic and international trade.

1. Analyse the differences between domestic and international trade. (0 mk)

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Evaluate six contributions of small-scale industries in the development of the economy of Tanzania based on the statement “Industrialization facilitates the process of transforming raw materials into capital and final consumer goods".

1. Evaluate six contributions of small-scale industries in the development of the economy of Tanzania based on the statement “Industrialization facilitates the process of transforming raw materials into capital and final consumer goods". (0 mk)

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Examine factors to be considered when choosing the mode of transport.

1. Examine factors to be considered when choosing the mode of transport. (0 mk)

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