Q1 · Difficulty 1/3
Total revenue is calculated as:
- Price ÷ quantity
- Cost × quantity
- Profit + cost
- Price × quantity sold
Show answer & explanation
✓ Answer: D — Price × quantity sold
Total revenue = price × quantity sold.
CXC · CSEC · Economics
Free CXC CSEC Economics
Practice Paper
8 mixed-difficulty practice questions in the style of real CXC CSEC papers — answers, mark-scheme-style explanations, and the official exam structure all on one page.
Take a Mini Mock →What the real CXC CSEC Economics paper looks like
Paper 1 (Section A)
60 multiple-choice questions, 1 mark each. 75 minutes. Tests knowledge across the whole syllabus.
Paper 2
Structured short-answer + 1 extended response question. Section A is compulsory; Section B has a choice. Approximately 2 hours 10 minutes.
School-Based Assessment (SBA)
Coursework component graded by the teacher, externally moderated. Worth ~20-30% of the final grade depending on subject.
Total exam time: ~3.5 hours across Paper 1 and Paper 2 sittings.
Grading: Grades: I (highest) to VI (lowest). A grade of III or above is typically required for further study.
Grading: Grades: I (highest) to VI (lowest). A grade of III or above is typically required for further study.
Mini practice paper: 8 questions
Mixed-difficulty questions from across the Economics syllabus. Tap "Show answer" after each to check yourself.
Q2 · Difficulty 1/3
A tax that takes a SMALLER percentage of income as income rises is called:
- Direct
- Regressive
- Progressive
- Proportional
Show answer & explanation
✓ Answer: B — Regressive
A regressive tax (like a flat sales tax) takes a larger share of a poor person's income than a rich person's.
Q3 · Difficulty 1/3
Which of the following is a characteristic of a developing country?
- High per capita income
- Dependence on primary sector activities
- Low population growth rate
- Diversified export base
Show answer & explanation
✓ Answer: B — Dependence on primary sector activities
Award 1 mark for identifying that developing countries rely heavily on agriculture, mining, and fishing. A is incorrect because high per capita income is a feature of developed countries. C is incorrect because developing countries typically have high population growth rates. D is incorrect because developing countries usually have a narrow export base.
Q4 · Difficulty 1/3
A hotel worker in Barbados is laid off every year between May and November when tourist arrivals decline. This worker is experiencing
- cyclical unemployment
- seasonal unemployment
- structural unemployment
- frictional unemployment
Show answer & explanation
✓ Answer: B — seasonal unemployment
Award 1 mark for seasonal unemployment. This occurs when employment fluctuates according to regular patterns in certain industries, such as tourism in the Caribbean. A is incorrect — cyclical unemployment relates to the business cycle. C is incorrect — structural unemployment involves permanent industrial change. D is incorrect — frictional unemployment is short-term job searching.
Q5 · Difficulty 1/3
Which is a function of money?
- A factor of production
- A type of tax
- A natural resource
- A medium of exchange
Show answer & explanation
✓ Answer: D — A medium of exchange
Money serves as a medium of exchange, store of value, unit of account and standard for deferred payment.
Q6 · Difficulty 1/3
GDP per capita is calculated by dividing GDP by the:
- Total population
- Number of firms
- Inflation rate
- Exchange rate
Show answer & explanation
✓ Answer: A — Total population
GDP per capita = GDP ÷ population, giving average output per person.
Q7 · Difficulty 1/3
Which of the following products would MOST likely have price inelastic demand in Trinidad and Tobago?
- Concert tickets
- Imported luxury vehicles
- Locally grown dasheen
- Prescription medication for diabetes
Show answer & explanation
✓ Answer: D — Prescription medication for diabetes
Award 1 mark for identifying that necessities with few substitutes have inelastic demand. B is incorrect — luxury goods typically have elastic demand. C is incorrect — dasheen has substitutes like yam and cassava. A is incorrect — entertainment is not a necessity.
Q8 · Difficulty 1/3
Which of the following BEST describes unemployment?
- Persons who are able and willing to work but cannot find a job
- Persons who have retired from the labour force
- Persons who are too young to be in the labour force
- Persons who are not willing to work at the current wage rate
Show answer & explanation
✓ Answer: A — Persons who are able and willing to work but cannot find a job
Award 1 mark for identifying that unemployment refers to persons who are able and willing to work but cannot find employment. D is incorrect — unwillingness to work at the current wage is voluntary non-participation. B is incorrect — retirees are not part of the labour force. C is incorrect — persons below working age are excluded from labour force statistics.
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CXC CSEC Economics FAQ
What does the CXC CSEC Economics exam look like?
The CXC CSEC Economics exam is structured across 3 components. Paper 1 (Section A): 60 multiple-choice questions, 1 mark each. 75 minutes. Tests knowledge across the whole syllabus. Paper 2: Structured short-answer + 1 extended response question. Section A is compulsory; Section B has a choice. Approximately 2 hours 10 minutes. School-Based Assessment (SBA): Coursework component graded by the teacher, externally moderated. Worth ~20-30% of the final grade depending on subject. Total exam time: ~3.5 hours across Paper 1 and Paper 2 sittings.
Can I download a free CXC CSEC Economics past paper?
Real CXC past papers are published directly by CXC on their official website. Kramizo doesn't redistribute copyrighted past papers, but we do generate free AI-written practice papers in the exact same style — same command words, same difficulty tier, same mark conventions. Use this practice paper as warm-up, then time yourself on official past papers before exam day.
How is CXC CSEC Economics graded?
Grades: I (highest) to VI (lowest). A grade of III or above is typically required for further study. Kramizo's practice questions are tagged with difficulty 1-3 mapping roughly to the lower, middle, and top grade boundaries you'll encounter in the real exam.