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2011/09/02 3:17 PM
Grade 10
ECONOMICS
PRACTICE TEST ONE
Marks: 60
QUESTION 1
Choose the correct term in brackets. Write only the term next to the question number (1.11.4)
in your answer book.
1.1
(2)
1.2
(2)
1.3
(2)
1.4
(2)
[8]
QUESTION 2
List the THREE basic economic questions.
[6]
QUESTION 3
Draw and label a circular flow diagram to show how firms, households and the government
interact in an open economy.
[18]
QUESTION 4
Study the diagram below and then answer the questions that follow.
4.1
(8)
4.2
(4)
4.3
Use the figures in the table below to calculate the value of aggregate spending in the
economy.
Areas of spending
Symbols
Aggregate spending
Consumption spending
R140 million
Investment spending
R20 million
Government spending
R90 million
Imports
R40 million
Exports
R10 million
(8)
[20]
QUESTION 5
Choose the correct term in brackets. Write only the term next to the question number (5.15.4)
in your answer book.
5.1
(2)
5.2
(2)
5.3
(2)
5.4
(2)
[8]
[TOTAL: 60 marks]
Grade 10
ECONOMICS
PRACTICE TEST TWO
Marks: 70
QUESTION 1
Various possible answers are provided for each of the following questions. Write the letter only
of the correct answer next to the relevant question number.
1.1
1.2
1.3
1.4
Which of the following factors would lead to an increase in the demand for DVDs?
A
(2)
When the price of a product increases the quantity demanded will decrease.
When the price of a product increases the quantity demanded will increase.
(2)
Suppose there is a very effective advertising campaign for a particular good. The effect
of this, ceteris paribus, will be:
A
a shift in the position of the demand curve down and to the left.
(2)
A shows what can be produced when using the factors of production in the most
efficient way possible.
A
(2)
1.5
1.6
1.7
1.8
Suppose there is an increase in the demand for a good. This, will ceteris paribus, lead
to
A
(2)
Suppose there is an increase in the supply of a good. This, will ceteris paribus, lead
to
A
(2)
Suppose that the demand and supply of a product increase simultaneously. This, will
ceteris paribus, lead to
A
(2)
Suppose that unfavourable weather conditions affect the supply of apples in South
Africa. The effect of this, ceteris paribus, will be:
A
a shift in the position of the demand curve down and to the right.
(2)
1.9
(2)
[18]
QUESTION 2
List any THREE functions of a market.
[6]
QUESTION 3
Study the figures below:
Quantity
15
Fixed Cost
250
Variable cost
500
Total costs
(2)
3.2
Average Costs
(4)
3.3
(4)
3.4
If the total cost for 25 units is R350 and the total cost for 30 units is R550, calculate the
Marginal cost.
(6)
[16]
QUESTION 4
List THREE characteristics of an imperfect market.
[6]
QUESTION 5
Choose the correct term in brackets. Write only the term next to the question number (5.15.4)
in your answer book.
5.1
(2)
5.2
(2)
5.3
(2)
5.4
If the state imposes a price ceiling (maximum price), it ensures that the price of the
good remains (below/above) a certain level.
(2)
[8]
QUESTION 6
Use a diagram to analyse the effect of an indirect tax on a good or service.
[TOTAL: 70 marks]
[16]
Grade 10
ECONOMICS
PRACTICE TEST THREE
Marks: 50
QUESTION 1
Various possible answers are provided for each of the following questions. Write the letter only
of the correct answer next to the relevant question number.
1.1
1.2
1.3
1.4
pre-colonial era
agricultural phase
(2)
During the of economic development in South Africa, the VOC bought slaves from
India, East Indies and Madagascar to work on their commercial farms and to work as
gardeners, builders and carpenters.
A
pre-colonial era
agricultural phase
(2)
before 1700.
after 1800.
(2)
(2)
1.5
The is defined as that proportion of the population, which is between 16 and 65 years
of age and has the potential to be employed.
A
economically-active population
rate of unemployment
(2)
[10]
QUESTION 2
Choose an appropriate description from COLUMN B to match the concept in COLUMN A. Write
only the letters (AH) to indicate your choice next to each question number (2.12.8) in your
answer book.
COLUMN A
COLUMN B
2.1
2.2
Industrial Revolution
2.3
2.4
2.5
2.6
Mercantilism
2.7
2.8
[16]
9
QUESTION 3
List the THREE most important characteristics of the pre-colonial era of economic development
in South Africa.
[6]
QUESTION 4
List ONE item which was commonly used to barter with in Africa, prior to the introduction of
notes and coins.
[2]
QUESTION 5
Choose the correct term in brackets. Write only the term next to the question number (5.15.4)
in your answer book.
5.1
(2)
5.2
The difference between the birth rate and death rate is called the (infant mortality
rate/natural growth rate).
(2)
5.3
Population growth leads to (an increase/a decrease) in the demand for consumer
goods.
(2)
5.4
(2)
[8]
QUESTION 6
Choose the correct term in brackets. Write only the term next to the question number (6.16.4)
in your answer book.
6.1
Since 1970, the unemployment rate in South Africa has steadily (increased/decreased).
(2)
6.2
(2)
6.3
(2)
6.4
Population growth leads to (an increase/a decrease) in the aggregate demand for
consumer goods.
(2)
[8]
[TOTAL: 50 marks]
10
Grade 10
ECONOMICS
PRACTICE TEST FOUR
Marks: 60
QUESTION 1
Various possible answers are provided for each of the following questions. Write the letter only
of the correct answer next to the relevant question number.
1.1
1.2
1.3
When people are temporarily unemployed because they are moving between jobs, they
form part of unemployment figures.
A
seasonal
frictional
structural
cyclical.
(2)
(2)
Suppose both the demand for and supply of labour were to increase. This, would ceteris
paribus, most certainly lead to
A
(2)
[6]
11
QUESTION 2
Choose an appropriate description from COLUMN B to match the concept in COLUMN A. Write
only the letters (AH) to indicate your choice next to each question number (2.12.8) in your
answer book.
COLUMN A
COLUMN B
2.1
Labour unions
2.2
Workplace forums
2.3
Bargaining councils
2.4
2.5
Labour courts
2.6
Basic Conditions of
Employment Act
2.7
2.8
12
QUESTION 3
Critically discuss the factors which contribute to high unemployment figures in South Africa.
[16]
QUESTION 4
List any THREE examples of legislation in South Africa, which seek to promote labour relations
and workers rights.
[6]
QUESTION 5
Explain the difference between the Labour Relations Act and the Basic Conditions of
Employment Act.
[TOTAL: 60 marks]
13
[16]
Grade 10
ECONOMICS
PRACTICE TEST ONE MEMORANDUM
QUESTION 1
1.1
macro-economics
(2)
1.2
micro-economics
(2)
1.3
normative
(2)
1.4
positive
(2)
[8]
QUESTION 2
2
[6]
QUESTION 3
3
[18]
14
QUESTION 4
4.1
A: Business enterprises
B: Households
C: Households receive income (wages, salaries, rent and interest)
D: Taxes
(8)
4.2
(4)
4.3
Y = C + I + G + X M
Y = R140 million + R20 million + R90 million + R10 million R40 million
Y = R220 million
(8)
[20]
QUESTION 5
5.1
unemployment
(2)
5.2
an appreciation
(2)
5.3
boom
(2)
5.4
boom
(2)
[8]
[TOTAL: 60 marks]
15
Grade 10
ECONOMICS
PRACTICE TEST TWO MEMORANDUM
QUESTION 1
1.1
(2)
1.2
(2)
1.3
(2)
1.4
(2)
1.5
(2)
1.6
(2)
1.7
(2)
1.8
(2)
1.9
(2)
[18]
QUESTION 2
2
[6]
QUESTION 3
3
Worked answer
3.1
3.2
3.3
3.4
16
[16]
QUESTION 4
4
[6]
QUESTION 5
5.1
indirect
(2)
5.2
subsidies
(2)
5.3
subsidies
(2)
5.4
below
(2)
[8]
17
QUESTION 6
6
18
Grade 10
ECONOMICS
PRACTICE TEST THREE MEMORANDUM
QUESTION 1
1.1
(2)
1.2
(2)
1.3
(2)
1.4
(2)
1.5
(2)
[10]
QUESTION 2
2.1
(2)
2.2
(2)
2.3
(2)
2.4
(2)
2.5
(2)
2.6
(2)
2.7
(2)
2.8
(2)
[16]
QUESTION 3
3
19
[6]
QUESTION 4
4
indigenous grain ()
QUESTION 5
5.1
increase
(2)
5.2
(2)
5.3
an increase
(2)
5.4
increases
(2)
[8]
QUESTION 6
6.1
increased
(2)
6.2
economically-active
(2)
6.3
an increase
(2)
6.4
an increase
(2)
[8]
[TOTAL: 50 marks]
20
Grade 10
ECONOMICS
PRACTICE TEST FOUR MEMORANDUM
QUESTION 1
1.1
(2)
1.2
(2)
1.3
(2)
[8]
QUESTION 2
2.1
(2)
2.2
(2)
2.3
(2)
2.4
(2)
2.5
(2)
2.6
(2)
2.7
(2)
2.8
(2)
[16]
QUESTION 3
3
21
[16]
QUESTION 4
4
[6]
QUESTION 5
5
The Labour Relations Act sets out to protect the rights of individual workers by
providing a mechanism for collective bargaining and the resolution of disputes .
This Act seeks to promote consultation in the workplace . This is different from the
Basic Conditions of Employment Act, which also seeks to promote individual workers
rights , but does so by stipulating certain standards and limits to protect
workers, for example, from working long hours or being paid unfairly . Both Acts
prevent exploitation, but in different ways .
[TOTAL: 60 marks]
22
[16]
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2011/09/02 3:17 PM