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Q1— Section header —
1.1Choose a term from COLUMN B that matches a description in COLUMN A. Write only the letter (A \next to the question number (1.1.1
1.1.10\in the ANSWER BOOK. COLUMN A COLUMN B
1.1.10Occurs when a country exports more than it imports Consists of factors that the business cannot control Are used by people and businesses to perform banking transactions It records a country's involvement in
1.2Complete the following sentences by writing only the missing word or words next to the question number ( 1.
2.11.
2.10\n the ANSWER BOOK.
1.2.10Unemployment caused by structural changes in the economy is beliefs, and lifestyles of a group of people. The process of combining inputs and transforming them into goods customers. exchanged for another currency.
1.3Indicate whether the following statements are TRUE or FALSE by writing only True' or 'False' next to the question number (1.3.1
1.3.10\in the ANSWER BOOK.
1.3.5Human needs and wants are unlimited, but the resources required to satisfy them are scarce. The R350.00 social grant is given to government employees who earn less than R3 500.00. The looting and destruction of property that took place in Gauteng
1.3.10A decrease in the rate of taxation will result in more disposable income. Absolute advantage is when a country is better at producing certain goods and services than other countries. Inflation increases the purchasing power of the money in our
Q2— Section header —
2.1Define the term poverty (2\
2.2
2.3Most of the South African youth is faced with the challenge of unemployment. List any FOUR types of unemployme nt. (4\
2.4Explain FOUR advantages of globalisation. (4\
2.5Name any TWO examples of complementary goods. (2\
2.630
Q3— Section header —
3.1What does GDP stand for? (1\
3.2Draw a business cycle and label it. All drawings should be neat and clearly labelled (8\
3.3
3.4Explain the term fiscal policy (2\
3.5What are the FOUR objectives of fiscal policy? (4\
3.6Explain the effects of an increase in the repo rate. (4\
3.7List THREE Acts that businesses must comply with when dealing with employees in a business. (3\ [30]30
Q4— Section header —
4.1Explain any FIVE characteristics of needs. (5\
4.2
4.3Explain TWO benefits of exporting goods and services to other countries. (2\
4.4Name THREE sub accounts of balance of payments. (3\
4.5South Africa is one of the countries that is experiencing a high rate of HIV/ AIDS.
4.5.1
4.5.2Explain how the government can reduce the spread of HIV/AIDS. (2\
4.6Explain FOUR factors that influence the supply of goods and services. (4\ [30] (3011022\ Copyright reserved30
Q5— Section header —
5.1Explain FOUR negative effects of a decrease in economic growth. (4\
5.2Explain FOUR functions of money. (4\
5.3
5.4
5.5Briefly discuss the negative impact that technology has on the economy. (4\
5.6List FOUR factors of production. (4\
5.7List the problems that South Africa could encounter when exporting goods to other countries. (4\ [30] TOTAL SECTION B: 120 GRAND TOTAL: 15030