# Economics Grade 10 P2 Gauteng November 2022 QP (Eng) > Grade 10 Economics Paper 2 question paper from the Gauteng November 2022 (English), 13 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/gr-10-economics-p2-english-november-2022-question-paper/9a5ca06e-5d8f-4c32-81f8-6a2f002b5fb1 - Updated: 2026-09-27 - Subject: Economics - Grade: Grade 10 - Language: English - Document type: Question paper - Year: 2022 - Exam period: Gauteng November - Paper: 2 - Curriculum: CAPS - Pages: 13 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 10](https://www.hlayiso.com/library/grade-10) › [Economics](https://www.hlayiso.com/library/grade-10/economics) › [Economics Grade 10 P2 Gauteng November 2022 QP (Eng)](https://www.hlayiso.com/library/gr-10-economics-p2-english-november-2022-question-paper/9a5ca06e-5d8f-4c32-81f8-6a2f002b5fb1) ## About this document Economics · Grade 10 · Gauteng November · 2022 · English. Question paper, 13 pages. Read online or download the PDF. Read it free online on the page above; download the PDF from there. ## Matching paper and memo - [Gr 10 Economics P2 (English) November 2022 Possible Answers](https://www.hlayiso.com/library/gr-10-economics-p2-english-november-2022-possible-answers/fa1928c3-3a90-486b-bc62-cc07ef0dce38) — Memo · 2022 · Eng ## Document text Text extracted from the PDF. Layout, diagrams and tables may not survive extraction. ### Page 1 Downloaded from hlayiso.com PROVINCIAL EXAMINATION NOVEMBER 2022 GRADE 10 ECONOMICS (PAPER 2) TIME: 2 hours MARKS: 150 13 pages P.T.O. ### Page 2 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 2 INSTRUCTIONS AND INFORMATION 1. Answer FOUR questions as follows in the ANSWER BOOK. • SECTION A: COMPULSORY • SECTION B: Answer TWO of the three questions • SECTION C: Answer ONE of the two questions 2. Answer only the required number of questions. Answers in excess of the required number will NOT be marked. 3. Number the answers correctly according to the numbering system used in this question paper. 4. Read the questions carefully. 5. Start EACH question on a NEW page. 6. Leave 2 – 3 lines between subsections of questions. 7. Answer the questions in full sentences and ensure that the format, content and context of your responses comply with the cognitive requirements of the questions. 8. Use only blue or black ink. 9. You may use a non-programmable pocket calculator. 10. Write neatly and legibly. P.T.O. ### Page 3 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 3 SECTION A (COMPULSORY) QUESTION 1: MULTIPLE-CHOICE QUESTIONS 30 MARKS – 20 MINUTES 1.1 Four options are provided as possible answers to the following questions. Choose the correct answer and write only the letter (A – D) next to the question numbers (1.1.1 to 1.1.8) in the ANSWER BOOK. 1.1.1 The … is an example of a perfect market. Commented [PT(1]: Is the question not supposed to be an imperfect market? Oil market is a good example of a market with very few sellers. OPEC A cellular phone market B oil market C electricity market D fuel station market 1.1.2 Which of the following is a factor that influences supply? A Change in income B Change in trends C Competing goods D Advertisements 1.1.3 A/An … is the effect on a party not directly involved in the transaction. A outside factor B externality C factor of production D internality 1.1.4 The lowest price that a consumer has to pay is called the … A buying price. B selling price. C maximum price. D minimum price. 1.1.5 Which of the following is an entity that protects and fights for the rights of employees? A Labour Union B Workplace Forum C Bargaining Council D Employers' Organisation P.T.O. ### Page 4 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 4 1.1.6 The … is the total number of employed and unemployed people. A Economically active population B Employment rate C Unemployed rate D Under-employment rate 1.1.7 A voluntary proceeding, where the parties involved are free to agree and attempt to resolve their dispute is referred to as …. A bargaining. B arbitration. C mediation. D conciliation. 1.1.8 Which of the following laws does NOT fall under the responsibilities of the Department of Labour? A Skills Development Act B Skills Development Levies Act C Schools Act D South African Qualifications Authority Act (8 x 2) (16) P.T.O. ### Page 5 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 5 1.2 Choose a description from COLUMN B that matches an item in COLUMN A. Write only the letter (A – I) next to the question numbers (1.2.1 to 1.2.8) in the ANSWER BOOK. COLUMN A COLUMN B 1.2.1 Monopoly A People lose their jobs due to the shrinking of the economy 1.2.2 Equilibrium quantity B Quantity demanded is equal to quantity supplied 1.2.3 Efficiency C The capital of a business which is used in its day-to-day trading operations, calculated as the 1.2.4 Maximum price current assets minus the current liabilities. 1.2.5 Public sector D Highest price at which producers can sell a product 1.2.6 Cyclical unemployment E Machinery used for production 1.2.7 Capital intensive F Central government, provincial government, production local government, and state-owned companies 1.2.8 Working capital G Only one supplier in the market H The economy’s resources are being used effectively I Lowest price that consumers must pay (8 x 1) (8) 1.3 Give ONE term for each of the following descriptions. Write only the term next to the question numbers (1.3.1 to 1.3.6) in the ANSWER BOOK. Abbreviations, acronyms and examples will NOT be accepted. 1.3.1 The price at which one good will exchange for another good Commented [PT(2]: The answer has exchange in it. Learners are taught not to use a term already in the statement. 1.3.2 Factors over which you have no control Other option could be price Commented [PT(3]: This is ambiguous. Alternatively ”elements or items or factors which you have no control over” 1.3.3 The lowest wage that an employer is allowed to pay 1.3.4 The percentage of the working age population that is employed 1.3.5 All laws and regulations are subject to this 1.3.6 Institutions that are set in place in each industry for them to be responsible for its own regulation (6 x 1) (6) TOTAL SECTION A: 30 P.T.O. ### Page 6 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 6 SECTION B Answer any TWO of the three questions from this section in the ANSWER BOOK. QUESTION 2: MICROECONOMICS 40 MARKS – 30 MINUTES 2.1 Answer the following questions. 2.1.1 List TWO conditions for a market to be established. (2 x 1) (2) 2.1.2 Give ONE reason why the public sector will intervene in markets. (1 x 2) (2) 2.2 Study the following graph and answer the questions that follow. GRAPH A A C Tables B Chairs 2.2.1 Supply an appropriate heading for GRAPH A. (1) 2.2.2 Identify the point on the graph where inefficiencies occur. (1) 2.2.3 Briefly explain the purpose of the indifference curve. (2) 2.2.4 If there is a decrease in both the production of chairs and tables, briefly describe the shift of the graph. (2) 2.2.5 Using a graph, show how an increase in resources for the production of tables could affect the PPC. (4) P.T.O. ### Page 7 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 7 2.3 Study the following extract and answer the questions that follow. Oil shortage: SA oilseed farmers set on planting more The worldwide edible oil shortage has left a clear window of opportunity for the limited oilseed farmers in Mzansi, and local canola growers have already indicated that they plan to increase their planting hectares this winter. Both Corné Louw, senior economist at Grain SA, and Zander Spammer, agricultural resource manager at Southern Oil, say canola farmers have confirmed that they plan to increase their plantings from last year. Louw reckons the increase could reach 20%, although farmers are currently only starting to plant and Spammer warns that it’s a dry early season. There is also a limit to what farmers can do. Despite some canola being grown on a trial basis in irrigation areas to the north, almost all the country’s canola is produced in the Western Cape. Expansion into other parts of the country will need better-suited varieties, according to Louw. [Adapted from: Oil shortage: SA oilseed farmers set on planting more – Food For Mzansi] 2.3.1 Where in South Africa is the most Canola oil produced? (1) 2.3.2 Identify the company responsible for majority of South Africa’s edible oil production. (1) 2.3.3 Explain what is meant by the term monopolistic competition. (2) 2.3.4 Describe ONE characteristic of a monopoly. (2) 2.3.5 Using a graph, illustrate how the added supply of canola will affect the market price. (4) 2.4 Explain the characteristics of the indifference curve. (8) 2.5 Analyse the impact of minimum wages on unemployment. (8) [40] P.T.O. ### Page 8 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 8 QUESTION 3: CONTEMPORARY ECONOMIC ISSUES 40 MARKS – 30 MINUTES 3.1 Answer the following questions. 3.1.1 Name TWO labour unions in South Africa. (2 x 1) (2) 3.1.2 What is the purpose of the Expanded Public Works Programme? (1 x 2) (2) 3.2 Study the following cartoon and answer the questions that follow. SOCIAL GRANTS IN SOUTH AFRICA AND WITH SOCIAL DISTANCING, THIS UNEMPLOYMENT LINE SEEMS EVEN NO LONGER! KIDDING … [https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.dailynews.com%2F2020%2F04%2F08%2Fsocial-distancing-in-the-unemployment-line-political- cartoons%2F&psig=AOvVaw0JHnyimgksDnTWK1ISgs8D&ust=1652965153379000&source=images&cd=vfe&ved=0CAwQjRxqFwoTCMDvrcSM6fcCFQAAAAAdA AAAABAD] 3.2.1 Identify ONE marginalised group from the cartoon above. (1) 3.2.2 Name any ONE social grant for which the people are waiting in line. (1) 3.2.3 Briefly explain the term unemployment. (2) 3.2.4 How did COVID-19 affect the unemployment rate in South Africa? (2) 3.2.5 Distinguish between seasonal and structural unemployment. (4) P.T.O. ### Page 9 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 9 3.3 Study the following graph and answer the questions that follow. LABOUR MARKET Wage level S b c R600 R500 a D 0 100 180 200 Quantity of labour 3.3.1 Identify the market wage from the graph above. (1) 3.3.2 From the above graph, what will the labour surplus be at a wage of R600? (1) 3.3.3 Briefly explain the term labour union. (2) 3.3.4 How will an increase in the population shift the supply curve of labour? (2) 3.3.5 Briefly explain the effects of increased employment on the economy. (4) 3.4 Discuss the functions of the Commission for Conciliation, Mediation and Arbitration. (8) 3.5 Analyse the steps government has taken in the democratisation of the economy since 1994. (8) [40] P.T.O. ### Page 10 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 10 QUESTION 4: MICROECONOMICS AND CONTEMPORARY ECONOMIC ISSUES 40 MARKS – 30 MINUTES 4.1 Answer the following questions. 4.1.1 Name TWO sources of capital to acquire properties. (2 x 1) (2) 4.1.2 How will consumers benefit from production subsidies? (1 x 2) (2) 4.2 Study the following graph and answer the questions that follow. CONSUMER’S INDIFFERENCE MAP FOR FRIES AND HAMBURGERS Fries D C B A Hamburgers Commented [PT(4]: Please insert suitable heading 4.2.1 Which indifference curve will yield the highest utility? (1) 4.2.2 Identify line D. (1) Commented [PT(5]: D is over assessed 4.2.3 Briefly explain the term utility. (2) 4.2.4 Why will two indifference curves never intersect each other? (2) 4.2.5 Describe any TWO characteristics of utility. (4) P.T.O. ### Page 11 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 11 4.3 Study the following image and answer the questions that follow. LABOUR STRIKES IN SOUTH AFRICA 4.3.1 Identify the percentage increase demanded. (1) 4.3.2 Which sector of the economy is on strike, according to the image? (1) 4.3.3 Briefly describe the main reason why people will go on strike. (2) 4.3.4 Explain arbitration in dispute resolution. (2) 4.3.5 Why does the Labour Appeal Court have greater powers than the Labour Court? (4) 4.4 How can the government solve unemployment through a sound monetary and fiscal policy? (8) 4.5 Evaluate the benefits of competition in the marketplace. (8) [40] TOTAL SECTION B: 80 P.T.O. ### Page 12 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 12 SECTION C Answer any ONE of the two questions from this section in the ANSWER BOOK. Your answer will be assessed as follows: MARK STRUCTURE OF ESSAY ALLOCATION Introduction The introduction is a lower-order response. • A good starting point would be to define a key concept that appears Max. 2 in the question. • Do not include any part of the question in your introduction. • Do not repeat any part of the introduction in the body. • Avoid saying in the introduction what you are going to discuss in the body. Body: Max. 26 Main part: Discuss in detail/In depth discussion/Examine/Critically discuss/Analyse/Compare/Evaluate/Distinguish/Explain/Assess/Debate Additional part: Give own opinion/Critically discuss/Evaluate/Critically evaluate/Draw a graph and explain/Use the graph given and explain/ Complete the given graph/Calculate/Deduce/Compare/Explain/ Max. 10 Distinguish/Interpret/Briefly debate/How?/Suggest/Use the information and argue/Debate Conclusion Any relevant higher-order conclusion should include: • A brief summary of what has been discussed/analysed without repeating facts already mentioned in the body Max. 2 • Any opinion or value judgement on the facts discussed • Additional support information to strengthen the discussion/analysis • A contradictory viewpoint with motivation, if required • Recommendations TOTAL 40 P.T.O. ### Page 13 Downloaded from hlayiso.com ECONOMICS (PAPER 2) GRADE 10 13 QUESTION 5: MICROECONOMICS 40 MARKS – 40 MINUTES • Discuss the characteristics of perfect and imperfect markets in detail. (26 marks) • Evaluate the impact of the setting of a minimum price in the economy. (10 marks) [40] Commented [PT(6]: Impact of QUESTION 6: CONTEMPORARY ECONOMIC ISSUES 40 MARKS – 40 MINUTES • Discuss the redress efforts of the South African economy in detail. (26 marks) • What are the challenges faced by forestry industries in South Africa? (10 marks) [40] TOTAL SECTION C: 40 TOTAL: 150 END ## Related documents - [Gr 10 Economics P1 (English) November 2022 Question Paper](https://www.hlayiso.com/library/gr-10-economics-p1-english-november-2022-question-paper/59363619-8ffa-425f-9efa-c640ecee3237) — Economics · QP · 2022 · Eng - [Gr10 ECN P2 (English) 2020 Exemplars Question Paper](https://www.hlayiso.com/library/gr10-ecn-p2-english-2020-exemplars-question-paper/dc0c365a-cb44-4cf5-9271-ae6fa4a1e142) — Economics · QP · 2020 · Eng - [Gr10 ECN P2 (English) November 2019 Question Paper](https://www.hlayiso.com/library/gr10-ecn-p2-english-november-2019-question-paper/2f567886-3f6d-471c-9a6d-bcaf4731993c) — Economics · QP · 2019 · Eng - [Gr10 ECN P2 (English) November 2018 Question Paper](https://www.hlayiso.com/library/gr10-ecn-p2-english-november-2018-question-paper/1a068ffb-0866-44c4-8c01-d0ac3a8c184b) — Economics · QP · 2018 · Eng - [Gr10 ECN P2 (English) November 2017 Question Paper](https://www.hlayiso.com/library/gr10-ecn-p2-english-november-2017-question-paper/cbf2b7f6-8688-423f-aec4-a3086ad8946c) — Economics · QP · 2017 · Eng - [Gr 10 Economics P1 (English) November 2022 Possible Answers](https://www.hlayiso.com/library/gr-10-economics-p1-english-november-2022-possible-answers/f7f7a7ce-3180-4658-8615-100178585545) — Economics · Memo · 2022 · Eng ## More from Grade 10 Economics - [Grade 10 Economics P1 November 2026 Mock Memo](https://www.hlayiso.com/library/grade-10-economics-2026-november-mock-exam-memorandum-paper-1/aa451ed3-608a-4b51-901a-d63eec037da7) — Memo · 2026 · Eng - [Gr 10 Eco ATP 2023-24](https://www.hlayiso.com/library/gr-10-eco-atp-2023-24/1e23cbbf-de14-4cad-b1b6-69a5e90a701c) — ATP - [LP Economics Grade 10 March 2025 QP and Memo](https://www.hlayiso.com/library/lp-economics-grade-10-march-2025-qp-and-memo/bac096e2-ec50-4df8-a553-9592d8c40ac8) — QP + Memo · 2025 - [Gr 10 Economics P1 (English) June 2024 Possible Answers](https://www.hlayiso.com/library/gr-10-economics-p1-english-june-2024-possible-answers/c23085d5-738d-46b4-b878-072af26bc958) — Memo · 2024 · Eng - [Gr 10 ECO P2 (English) June 2023 Possible Answers](https://www.hlayiso.com/library/gr-10-eco-p2-english-june-2023-possible-answers/cdbef21d-0955-491b-a1e3-f2ce7d98b24a) — Memo · 2023 · Eng - [Gr 10 Economics P1 (English) 2023 Possible Answers](https://www.hlayiso.com/library/gr-10-economics-p1-english-2023-possible-answers/7f01657b-a20c-4954-88ed-c467d3a6640e) — Memo · 2023 · Eng ## Collection - [Grade 10 past papers](https://www.hlayiso.com/grade-10/past-papers) --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. 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