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1.1MULTIPLE CHOICE QUESTIONS
1.1.5.1.6 A
1.1.8short factor cost unemployment will increase demand and supply iddle real GDP term of trade labour productivity
1.2MATC HING ITEMS
1.2.8ubaccount in the balance of payment he weakening of a currency as result of market forces xchange rate system protecti measure against unfair inte rnational competition olicies aimed at increasing the economic livelihood of a specific
1.3IDENTIFY THE CONCEPT
1.3.6Multiplier effect Privatisation apital goods Economic development Economically Active Population Land restitution (6 x 1\ (6\ TOTAL SECTION A:
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2.1.2Government spendi ng Investments Exports Any (2 x 1\ Imports will increase (1 x 2\ (2\ (2\
2.2.4The final value of goods and services produced within the borders of a country in one year. R87 593 million RSA citizen working and earning money in the UK. Current prices (Nominal\ Does not take into account changes in
2.3.4Households/Consumers Business sector/Firms/Producers It shows all the possible levels of expenditure and output at which the economy is in equilibrium k = ___1____ (1
2.5Argument in favour of free trade: The free trade argument is persuasive f each nation does what it does best, everyone will enjoy lower prices and higher levels of output. Free trade leads to greater world production
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3.1.2Progressive personal income tax Wealth taxes Cash benefits grants Benefits in kind food parcels/user fee charge/school meals/ Land reform programmes land restitution and land redistribution
3.2.1IPAP is predicated on the need to bring about significant structural ch ange to the South Africa economy. (2\
3.2.2Stronger domestic growth in the manufacturing sector. High employment levels (4\
3.2.3Creation of employment. NGP envisage the creation of 5 million new jobs by 2020. (4\
3.3.1orth/South divide or developed /developing countries (2\
3.3.2USA, Canada, UK, France, Germany, Japan, Italy, Russia (2 x 1\ (2\
3.3.3Developing countries: mainly export raw to developed countries and import manufactured products from devel oped countries. Developed countries: continue to subsidise production of their agricultural goods, making it difficult for developing countries to
3.4The main focus was on developing the global competitiveness of the SA manufacturing enterprises (implemented by the DTI\ It is a strategy that applies to all processes that t ransforms natural products into manufactured products
3.5The SARB is using interest rates to manipulate the market The repo ra te is the key interest rate. This is the rate at which the SARB lends money to banks for short periods of time The SARB will lower the interest rate if it wants to stimulate the demand for
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4.1.2Accountability /Efficiency/Assessing needs/Pricing policy/ Parastatals/Privatisation (Any 1 x 2\ Low productivity low production negative effect on the aggregate supply of goods and services same/or growing
4.2.3Point, e The value of the rand depreciates As a result of the increase in demand for dollars the value of the rand decrease from R10 for one dollar to R12 for one dollar
4.3.4An IDZ is a purpose built industrial estate which is closed off and situated in a specific area. Upington, in the Northern Cape, is a natural home for solar energy research a nd development. Saldanha Bay will service the growing oil and gas industry on
4.4Leading: Give consumers, businesses and the state a glimpse of the direction in which the econo my might be heading. When these indicators rise, the level of economic activities will also rise a few months later.
4.5Infant mortality rate the number of children younger than one year old who die in a year per 1 000 births during that year. In 2010 in SA it was 34 per thousand (Any 2 x 2\ Under five mortality rates the number of children under five years old
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