LP-CS-Economics-Grade-11-March-2025-QP-and-Memo.pdf

Testpapers.co.za DowsleadedsfrorestStanmorepkysics.com Capricorn South-2025 REPUBLIC OF SOUTH AFRICA DEPARTMENT OF EDUCATION CAPRICORN SOUTH DISTRICT NATIONAL IOR CERTIFICATE GRADE 11 DATE : 11 MARCH 2025 MARKS : 100 DURATION : 1H30 This question paper consists of 11 pages Copyright reserved Please turn over

Testpapers.co.za Bowntsededstfirom Stanmorephysics.com CAPRICORN SOUTH 2025 INSTRUCTIONS AND INFORMATION 1. Answer THREE questions as follows in your answer book: + SECTION A: COMPULSORY *) SECTION B: \swer ONE of the TWO questions NE of the TWO questions 2. Number the ans' rding to the numbering system used in this question paper. 3. Read the questions carefully and start each question on a new page. 4. Leave 2 lines between sub-sections of questions. 5. Answer in full sentences and ensure that the format, content and context of your responses comply with the cognitive requirements of the questions. 6. Use only blue/black ink. 7. Write neatly and legibly. 8. Answer only the required number of questions. Answers in excess of this number will not be marked 9. Non-programmable calculators may be used. Copyright reserved Please turn over

Testpapers.co.za Bowntsadedstfirom Stanmorephysics. com CAPRICORN SOUTH 2025 SECTION A QUESTION 1 20 MARKS- 30 MINUTES 1.1. Various options are provided as answers to the following questions. Write only the letters (A-D) of the correct answer next to the question numbers. (1.1.1- 1.1.5) in the answer book.(o.9, 1.1.6. D)_. 1.1.1. Forest, mi r that are found in nature and are necessary or useful to humé A. Human resource B .Labour C Natural resourc D. Capital 1.1.2. Goods which are used by the business to produce other goods are called .... A. Intermediate goods B. Durable goods C. Final goods D. Consumable goods. 1.1.3. Businesses that tend to specialize in producing products that yield the highest profits are ... A. Capitalism ‘ Fr $ are used to produce goods and services in C. Tertiary sector D. Technology sector Copyright reserved Please turn over

Testpapers.co.za Bownsadedsfrom Stanmorephysics.com CAPRICORN SOUTH 2025 4 1.1.5. Factor of production that creates wealth by using savings and borrowed money to buy capital goods thereby paying interest to their lenders is .... A. Capital. B. Entrepreneurs. C. Labour D .Foreigners i (5X2)(10) 1.2. Choose a description (NB that matches an item in COLUMN A. Write only the letter (A— e question number (1.2.1-1.2.6) in the ANSWER BOOK , COLUMN A COLUMN B 1.2.1.Non-durable goods | A. Minerals, timber, air and fish 1.2.2.Centrally planned B. Total value of all goods and services produced within the boundaries of a country for a given period. 1.2.3.Labour C. The government has full control over the resources and factors of production. i = 1.2.4.Capital goods used up at once. 1.2.5.Gross Domestic Product | efforts of people that are used in 0ds and services with the aim of 1.2.6.Gifts of nature — | F. Goods ; ora short period of time. G. Goods which the business buy in order to produce final goods. (6x1) (6) Copyright reserved Please turn over

Testpapers.co.za Bowntsededstirom Stanmorephysics.com CAPRICORN SOUTH 2025 1.3. Give ONE concept for each of the following descriptions. Write only the concept next to the question number (1.3.1—1.3.4) in the ANSWER BOOK. Acronyms, abbreviations and examples will NOT be accepted. 1.3.1. Goods that can be used over an extended period of time. 4.3.2.An increase in the olds tovaccommodate an increasing labour force. 1.3.3. The econorm establish the ates the resources among various uses and the different classes. 1.3.4. A person whi ot in bring together the necessary factors of production t (4x1) (4) [20] TOTAL SECTION A: 20 Copyright reserved Please turn over

Testpapers.co.za Bowntsededstfirom Stanmorephysics.com CAPRICORN SOUTH 2025 SECTION B 40 MARKS-30 MINUTES Answer ONE of the TWO questions from this section in the ANSWER BOOK QUESTION 2 2.1. Answer the following questions. (2) R millions Compensation of employees 1 451 603 Net operating surplus 922 030 Consumption of fixed capital 405 640 Gross value added @ factor cost 2779 273 Other taxes on production 56 527 Other subsidies on production 15 538 (A) 2 820 262 Taxation on products 338 804 Subsidies on products 20 086 Gross domestic products @ market prices (B) 2.2.1 Identify the method of determining Gross Domestic Product (GDP) in the table (1) 2.2.2. Complete the item represented by A in the table. (1) 2.2.3. Describe the term gross domestic products (GDP). (2) 2.2.4. Explain the ‘Consumption on fixed capital’. (2) 2.2.5. Calculate the ‘Gross Domestic Products @ market prices’ labelled (B). Show all calculations. (4) Copyright reserved Please turn over

Testpapers.co.za Bowntsededstfirom Stanmorephysics.com CAPRICORN SOUTH 2025 2.3 Study the graph below and answer the questions that follow RENT | DEMAND FOR NATURAL RESOURCE | 2.3.1. Name any example of a non-renewable resources. (1) 2.3.2. Give any factor that can influence the price of natural resources. (1) 2.3.3. Briefly describe the term natural resource. (2) 2.3.4. How is scarcity of land is related to rent? (2) 2.3.5. Redraw the graph in your answer book and show what will happen to the price of land (rent) if there is a decrease in the demand for land. (4) 2.4 Briefly discuss any TWO categories of labour. (8) 2.5. How do social services differ from economic services (8) [40] Copyright reserved Please turn over

Testpapers.co.za Bowntsededstfirom Stanmorephysics. com CAPRICORN SOUTH 2025 QUESTION 3 40 MARKS-30 MINUTES 3.1. Answer the following question. 3.1.1. Name any TWO types of markets in the circular flow model. (2x1) (2) 3.1.2. Why is the mining industry important in South Africa? (2) 3.2 Study the cartoon below and ansWer the question that follow. = 1 = | re Z CAPITALISM, Soci —E 4 . | Aa moreph¥sies.co 3.2.1. Identify any ONE economic system shown in the cartoon above? (1) 3.2.2. Name the economic system used in South Africa (1) 3.2.3. Briefly describe the term capitalism. (2) 3.2.4. What role does the government play in a centrally planned system? (2) 3.2.5 What are the advantages of mixed economy? (4) Copyright reserved Please turn over

Testpapers.co.za Bowntsededstirom Stanmorephysics.com CAPRICORN SOUTH 2025 3.3 Study the cartoon below and answer the question that follows: Our struggle is still on. [Source: Paresh cartoons.com] 3.3.1 Identify ONE socio-economic challenge in the cartoon above. (1) 3.3.2 Give ONE negative consequence of poverty. (1) 3.3.3 Briefly describe the concept economic marginalization. (2) 3.3.4 Suggest ONE way in which the problem of inequality can be solved. (2) 3.3.5 How can human resources be targeted to be more effective in solving the problems above. (2x2) (4) 3.4. Differentiate between economic goods and free goods (8) 3.5. Evaluate government's positive involvement in increasing access to economic opportunities. (8) [40] TOTAL SECTIO B: 40 Copyright reserved Please turn over

Testpapers.co.za Bowntsededstfirom Stanmorephysics.com CAPRICORN SOUTH 2025 0 SECTION C 40 MARKS-30 MINUTES Answer any ONE of the TWO questions in this section in the ANSWER BOOK. Your answer will be assessed as follows: STRCTURE OF AN ESSAY MARK 7 ALLOCATION Introduction \ Max. 2 * The introduction jis a] * Agood starting point: ie the main concept. * Do not include any in your introduction. + Do not repeat any p e a in the body. + Avoid saying in the i at you are going to discuss in the body. Body Main part: Discuss in detail/In-depth discussion/Examine/Critically discuss/ Analyse/Compare/Evaluate/Distinguish/Differentiate/Explain Additional Max. 26 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/Distinguish/Interpret/Briefly | debate/ How/Suggest Max 10 Conclusion Max. 2 + Any higher-order conclusion should include: + Abrief summary of what has been discussed without repeating facts already mentioned + Any opinion or value judgement on the facts discussed + Additional support information to strengthen the discussion/analysis + Acontradictory viewpoint with motivation, if required + Recommendations TOTAL 40 MARKS Copyright reserved Please turn over

Testpapers.co.za Bowmsadedstfirom Stanmorephysics.com CAPRICORN SOUTH 2025 1 QUESTION 4 + Discuss in detail the economic importance of the tertiary sector (26) + Explain the impact of technology on unemployment (10) [40] QUESTION 5 40 MARKS-40 MINUTES * Compare and contrast the South African mixed economy with a centrally planned economic system (26) + Howcan the government take care of our natural resources? (10) [40] TOTAL SECTION C: 40 GRAND TOTAL: 100 Copyright reserved

Testpapers.co.za Downloaded from Stanmorephysics.com 4 LIMPOPO PROVINCIAL GOVERNMENT REPUBLIC OF SOUTH AFRICA DEPARTMENT OF EDUCATION CAPRICORN SOUTH DISTRICT NATIONAL SENIOR CERTIFICATE _ GRADE 11 DATE : 11 MARCH 2025 This marking guideline consists of 12 pages ee CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page 1

Testpapers.co.za Gounicaded:fnamisstanmorephysics. com SECTIONA QUESTION 1 1.1Multiple Choice. 1.1.1. C (Satural Resources) Vv 1.1.2. A (Intermediate goods) vv 1.1.3:A (Capitalism) vv 1.1.4. B (Secondary 1.1.5. B (Entrepreneut 1.2. MATCHING 1.2:1..D¥ A22.C¥" 1.2.3. EV 1.2.4. Gv 1.2.5. BY 1.2.6.AV Capricorn South 2025 [10] (6) (4) [20] TOTAL SECTION A: 20 MARKS CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page 2

Testpapers.co.za Bounioadedkifnasmestanmorephysics. com Capricorn South 2025 SECTION B Answer ONE of the TWO questions from this section in the ANSWER BOOK. Question 2 2A. 2.1.2. Why are inter late goods not included in GDP figures? MiningyY and (Accept any correct response) (Any 2x1) (2) 2.1.2. Why are intermediate goods not included in GDP figures? To avoid double counting. V¥V (1x2) (2) 2.2. Data response 2.2.1 Identify the method of determining Gross Domestic Product (GDP) in the table The income method. . ¥ ¥ (1) 2.2.2. Complete the item represented by A in the table. GDPIGVA ic prince Vv (1) 2.2.3. Describe Ct e term g omesti (GDP). S produced within the boundaries (2) response preference of generating new (2) CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page 3

Testpapers.co.za Bounioadedkifnasmestanmorephysics. com Capricorn South 2025 2.1.1. Name any TWO activities of primary sector. 2.2.5. Calculate the ‘Gross Domestic Products @ market places’ labelled (B) show all calculations. 2 820 262v + 338 804v — 20 086 = 3 138 980. v (4) 2.3. _DATARESPONSE ‘ 2.3.1. Name any example r a non-renewable resources. * Diamond ¥ * Gold v + Fossil fuel ¥ (Accept any correct response) (Any 1x1) (1) 2.3.2. Give any factor that can influence the price of natural resources. * Climate ¥ * Location v * TechnologyY * Quality of resource Vv * SupplyY and demand. ¥ (Accept any correct response) (Any 1x1) (1) 2.3.3. Briefly describe the term natural resource. + All means available/provided by nature to be used as inputs in the production process. Vv Vv (Accept any correct response) (2) 2.3.4. How is scarcity of land is related to rent? * If land is scarce, the rent will be higher and if land is in abundance the rent will be lower. Vv ¥ (2) (Accept any correct response) rr CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page 4

Testpapers.co.za Bounioadedkfnamestanmorephysics. com Capricorn South 2025 2.3.5. Redraw the graph in your answer book and show what will happen to the price of land (rent) if there is a decrease in the demand for land. RENTV Ri R2---—s : DEMAND FOR NA AL RESOURCE (4) 2.4. Briefly discuss any TWO categories of labour. * Skilled labourv .-Skilled workers are workers who are qualified and experienced * Semi-skilled labourv’. —I * Non skilled labour. ¥ — Worke are not qualified for any work lualified and experiencedv ¥ king experience and they al workvY ¥ (Any 2x4)(8) 2.5. How do social services differ fre Social services ta a * Social services are supplied by the government directly to the community, households or individuals to promote welfare. vv * Social services include all the expenditure of different Government Departments. vv * For example, Education, Health care, social security etc” (Accept any correct response) SS CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page S

Testpapers.co.za Bounioadedkifnasmestanmorephysics. com Capricorn South 2025 Economic services : Ecomonic services are associated with a fee. * Economic services are associated with regulating and operating the economy and the business sector more efficiently. vv (Max 8) (Accept any correct, [40] QUESTION 3 3:1 a 3.1.1. Name any TWO ty in the circular flow model. * Product / good and services/ output market.v + Factor/ resource market. v * Foreign exchange market. v¥ + Financial market. (Any 2x1)(2) 3.1.2 Why is the mining industry important in South Africa? + — It is the largest earner of foreign exchange and reserves.v¥ + — It creates employment for both the skilled and unskilled labour. vv (Accept any other relevant correct response) (4 x 2) (2) 3.2 Data response 3.2.1 Identify any ONE economic system shown by the cartoon above? Capitalism/ SocialismY (1) 3.21 ne the eco! stem used by South Africa. (1) capitalism. g is controlled by the market forces, the al role. vv (2) ernment play in a centrally planned system? hing. Vv (2) CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page 6

Testpapers.co.za Bounioadedkifnasmestanmorephysics. com Capricorn South 2025 3.2.5. What are the advantages of mixed economy? + Mixed market system allows for greater stability, economic growth and job creation’ ¥ * Cooperation of private and public sectors ensures the maximum use of resources. Vv ¥ * Mixed economies are able to attract foreign capital investment. vv + Public sector (Government) pay, use measures to regulate the market mechanisms. ¥¥ — * Eg. Anti- -monopoly | cudnt islation and control of money through Reserve Bank Vv . (2x2) (4) (Accept any correct 3.3 DATA RESPONSE ‘a 3.3.1 Identify ONE socio-economic challenge in the cartoon above. + InequalityY * Poverty ¥ (Any 1x1) (1) 3.3.2 Give ONE negative consequence of poverty. * Hunger/Y Malnutrition’ /crime V (1) 3.3.3 Briefly describe the concept economic marginalization. * The exclusion of certain section of the population in the economic decision making of a country. ¥¥ (2) (Accept any other relevant correct response) 3.3.4 Suggest ONE way in which the problem of inequality can be solved. * Provide free tertiary education. vv + Provide learnerships and apprenticeships. Vv ¥ + Apply a progressive system of taxation. vv + Avail expanded work programmes. v ¥ * Through public and private partnerships to create jobsv v. * Have investor-friendly legislation that will attract FDI. vv * Creation of employment opportunities. vv” + Encourage entrepreneurship. Vv ¥ + Fair distribution of national income. Vv ¥ + (Accept any other relevant correct response) (2) SS CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page 7

Testpapers.co.za Bounioadedkifnasmestanmorephysics. com Capricorn South 2025 3.3.5 How can human resources be targeted to be more effective in solving the problems above. * More emphasis should be placed on education to benefit all involved in education. vv + Major partners in the private sector should take responsibility to accommodate workers skilled on different levels Vv + Focus on manufacturing.using labour intensive production methods. v ¥ (Accept any om (2 x 2) (4) 3.4. Differentiate between mic goods and free goods: * Economic goods: mand pricey ¥ * They have usage d exchange valuev ¥ * Possession measure wealthy v .6.g. TV, Computer, table, housev * Free goods: They do not command price. ¥¥ * They have usage value but no exchange valuev Vv Trees, sun, air ¥ (max 8) 3.5 Evaluate government’s positive involvement in increasing access to economic opportunities. * Removing of legal restrictions that block the entry of blacks into the main stream economy. vv * — Introducing policies to promote new opportunities for an increased the level of participation of black people in the ownership. Vv ¥ + Improving the provision of infrastructure to poor areas. VV + Decentralizing economic activities to previously disadvantaged areas thorough regional development programmes. VV * Providing free education to increase qualification of previously disadvantaged individuals. vv (8) (Accept any correct response) [40] TOTAL SECTION B: 40 MARKS CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page 8

Testpapers.co.za Bounioadedkifnasestanmorephysics. com Capricorn South 2025 SECTION C Answer only ONE of the questions in this section. QUESTION 4 * Discuss in detail the economic importance of the tertiary (26) INTRODUCTION Tertiary sector is thes he economy as it includes a large variety of services. VV (2) (Accept any correct intro BODY MAIN PART GDPv = the tertiary contributes about 60% to the GDP. vv > Not all services are always included, an example is in -house services that a business provides for itself (such as computer services). > The exact amounts of business income are not always known. Vv ¥ * EmploymentY = about 65% of the workforce of South Africa is employed in the tertiary sectorv ¥ + Economic growthY = economic growth in the tertiary sector has increased and is growing much more than the primary sector. vv + Exports” = countries import and export services such as insurance, financial services and port facilities vv Services provided by terti * Wholesale and re : J accommodationv v > In the touri str nd accommodation are fast growing services wh 5 ivately owned. v v + Transport, storage icatio is includes the taxi industry and other transport such as) ailwa) and bt telecommunication and internet services. V¥ : Bees * Financial intermediation,insurance,real estate and business services > These consist of mainly of business and banking services such as auditors and architects. Vv ¥ * Community, social and personal services VV » These includes social services such as medical and education services. V¥ (26) (Accept any correct response) fT CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page 9

Testpapers.co.za Bowntoaded:fircamiestanmorephysics. com Capricorn South 2025 0 ADDITIONAL PART Explain the impact of technology on unemployment + Can be decreased as new job opportunities are created as technology improves. vv * Can be increased as technology can replace certain individuals in their field of work. Vv ¥ * Can be increased as developing countries such as South Africa have many people who do not have'skills to work in a technology driven economy. ¥ ¥ sed < nomy consumes or buys large quantities of technological pi oduced by developed economiesv v. * Can be increase as ining technology centers are established. vv (Accept any (10) Conclusion Tertiary sector is a major contributor to the GDP of the country and it is a major source of capital formation. YY This sector also provides a market for secondary sector as goods that are produced in the secondary sector are often sold in the tertiary sector. Vv (2) (Accept any correct conclusion) [40] a CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page 10

Testpapers.co.za Bounioadedkifnamestanmorephysics. com Capricorn South 2025 QUESTION 5 Compare and contrast the South African mixed economy with a centrally planned economic system INTRODUCTION ions by which certain issues that are common to (2) Economic system specifies the institc all economies are add v (Accept any correct response; ] BODY ] MAIN PART Centrally planned 0 The government has control over the economy at all times and all work planned. vv * This allow the government to utilize factors of production for what it thinks is needed. Because there is no competition, people can pay more attention to performing their daily tasks and full employment is utilised. vW * The government decides when and how savings and capital formation must take place. Vv + Mass production and monopoly make consumer choices easy Vv ¥ * Income distribution is equal and fairer to all. vv + Business fluctuations are eliminated and planning usually allows for externalities such as cost and benefits. vv + Advertising is used to educate and not to influence people. vv Mixed economy * Through both private initiative and government intervention, the mixed market system allows for greater stability, economic growth and job creation. VW + Private and public sector cooperation ensures the maximum use of resources and the satisfaction of need needs. VV * The public sector may use certain measures to regulate the market mechanismsv v. * The private sector provides consumer goods and services, whereas the government provides public goods and services, such as street lights and roadsv ¥ * Mixed economics are able to attract foreign capital investment due to the stability provided by the government and the functioning of the market mechanism. VV” * The government can assist with the fight against unemployment by introducing business development programmes Such as BBBEEY ¥ Eee CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page 11

Testpapers.co.za Bounioadedkifnasmestanmorephysics. com Capricorn South 2025 2 Asystem of progressive taxation is used, this means that high -income earners are taxed at a higher rate than low-income earners. Vv ¥ ADDITIONAL PART How can the government take care of our natural resources? Government can use taxes such as green taxes to target exploiters of these resources. Vv Environmental : can also be provided to those businesses willing to reduce enviro ubsidies in recycle. Subsidies to appl use of greener energy like solar, power saving bulbs. v ¥ Extent marketabl them use a certaii to businesses willing to use the environment to allow , €.g. mining, fishing, forest. vv * Educating the masses on the importance of these resources such as on the use of water. Through pamphlets flyers newsletters. vv + (Accept any relevant answer) (10) CONCLUSION The usage factors of production and resources depends on political stability of a country. Vv ¥ (2) (Accept any correct response) TOTAL SECTION C: 40 MARKS TOTAL MARKS: 100 a CAPRICORN SOUTH DISTRICT ECONOMICS TERM 1 COMMON TASK MARKING GUIDELINE GRADE 11 2025 Page 12