Economics Grade 12 Question Paper

Education KwaZulu-Natal Department of Education REPUBLIC OF SOUTH AFRICA GRADE 12 ECONOMICS Post-Test (Spring) 2017 GRADE 12 Time: 40 minutes Marks: 40 1

SECTION A (COMPULSORY) QUESTION 1 40 MARKS – 20 MINUTES 1.1 Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A–C) next to the question number (1.1.1–1.1.10) in the ANSWER BOOK, for example 1.1.9 C. 1.1.1 Demographics, as a social indicator, deals with … A. mortality rates. B. nutrition. C. housing 1.1.2 The North-South divide highlights the economic … that exist between the developed and developing countries. A. similarities B. programmes C. differences 1.1.3 The main objective of the Skills Support Programme is to … A. reduce government expenditure. B. encourage greater investment in training. C. build five million houses. 1.1.4 The standard of living of a population is best described by the … A. balance of trade. B. per capita income. C. inflation rate. 1.1.5 According to the United Nations' classification, South Africa falls in the … human development index (HDI) group of countries. A. low B. medium C. high 1.1.6 An increase over time of the living standards of the majority of people in a country is called……………. A Economic development B Economic Profit C Economic Growth 1.1.7 A combination of high inflation and high unemployment is known as … A deflation. B hyperinflation. C stagflation. 1.1.8The index that refers to headline inflation is called the … A. consumer price index. B. index of export prices. C. producer price index. 2

1.1.9 The negative effect of tourism is……………… A Poverty B Unemployment C Pollution 1.1.10 A geographical demarcated area where specific economic activities have been identifies to be developed is called…………….. A Industrial Development Zone B Special Economic Zone C Spatial Development Initiative (10 x 2) (20) 1.2 Choose a description from COLUMN B that matches the item in COLUMN A. Write only the letter (A–J) next to the question number (1.2.1–1.2.10) in the ANSWER BOOK. COLUMN A COLUMN B 1.2.1 Corridor A. The process whereby people move from rural areas to towns and cities. 1.2.2 Biodiversity B. A licence to pollute to a certain degree 1.2.3 Climate Change C. Taking care of the environment so that present and 1.2.4 Inflation Targeting future generations will benefit 1.2.5.Recycling D. A track of land that forms a passageway allowing access from one area to another. 1.2.6 marketable permit E. An international agreement aimed at reducing greenhouse gases F. The re-use of material that have already served 1.2.7 Kyoto Protocol their original purposes G. Increased temperatures as result of the depletion of 1.2.8 Cultural tourism the ozone layer H. A policy used by the Reserve Bank to stabilise prices. 1.2.9 Urbanisation I. Visiting museums and art galleries J. This is a socio-economic programme to 1.2.10 Conservation improve houses. K. The variety of plant and animal life in a particular habitat. (10 x 1) (10) 3

1.3 Give ONE term for each of the following descriptions. Write only the term next to the question number (1.3.1–1.3.6) in the ANSWER BOOK. 1.3.1 Ratio of export and import prices. 1.3.2 Many unnecessary laws and other barriers to competition in South Africa have been removed. 1.3.3 Causes damage to the environment by dumping waste material. 1.3.4 Worldwide interfacing and interaction of economies with trade as the main aim. 1.3.5 Tourists travelling within their own countries 1.3.6 Policies that are aimed at increasing the economic livelihood of a specific area or areas. 1.3.7 When the government sells more than 50% of state-owned shares of a public enterprise. 1.3.8 A sustained and significant increase in the general price level over a period of time 1.3.9 Prices set or controlled by government. 1.3.10 An international financial institution that provides loans to countries for capital programs. (10 x 1) (10) TOTAL: 40 4