Gr11 Economics P1 (ENG) NOV Question Paper
Gr11 Economics P1 (ENG) NOV Question Paper
Gr11 Economics P1 (ENG) NOV Question Paper
za
ECONOMICS
PAPER 1
TIME: 2 hours
MARKS: 150
13 pages
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ECONOMICS 2
(Paper 1) GRADE 11
• SECTION A: COMPULSORY.
3. Number the answers correctly according to the numbering system used in this
question paper.
8. 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.
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ECONOMICS 3
(Paper 1) GRADE 11
SECTION A (COMPULSORY)
1.1 Various 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
number (1.1.1 to 1.1.8) in the ANSWER BOOK, for example 1.1.9 D.
1.1.1 The difference between the original price and the current value of
machinery or equipment will depend on how much it has worn out. This is
known as …
A market price.
B depreciation.
C basic price.
D constant price.
1.1.2 Wages and salaries earned by permanent residents outside South Africa
must be … the GDP to obtain the GNI.
A added to
B divided by
C multiplied by
D subtracted from
A choice.
B risk.
C innovation.
D full employment.
A coal.
B water.
C uranium.
D gas.
1.1.5 The tax where higher income earners are taxed at a higher rate is known
as … tax.
A proportional
B regressive
C progressive
D indirect
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ECONOMICS 4
(Paper 1) GRADE 11
1.1.6 The … is the price at which the South African Reserve Bank lends money
to other banks.
A repurchase rate
B prime lending rate
C interest rate
D dividend rate
A growth.
B development.
C freedom.
D stability.
1.1.8 Countries that are in a developing state, often share the following condition:
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ECONOMICS 5
(Paper 1) GRADE 11
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 Human Development A Measures the degree of income inequality and
Index wealth distribution between households
1.3 Give ONE term for each of the following descriptions. Write only the term next to the
question numbers (1.3.1 – 1.3.6) in the ANSWER BOOK. Abbreviations, acronyms
and examples will not be accepted.
1.3.2 Resources that are scarce and that people are willing to pay for
1.3.3 Includes the spending of all departments including central, provincial and local
1.3.4 The total value of all final goods and services produced within the borders of
a country in a particular period
1.3.5 The purpose is to return land to those who lost it as a result of racially
discriminating laws and practices after 19 June 1913
TOTAL SECTION A: 30
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ECONOMICS 6
(Paper 1) GRADE 11
SECTION B
Answer any TWO of the three questions from this section in the ANSWER BOOK.
2.1.1 Name any TWO examples of subsidised household services provided by the
local government. (2 x 1) (2)
2.2 Study the table below and answer the questions that follow.
2.2.1 Name any other organisation, besides Stats SA, that publishes statistics. (1)
2.2.2 Identify the method used to calculate GDP in the above table. (1)
2.2.4 Why would South Africa’s import value be higher than the export value? (2)
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ECONOMICS 7
(Paper 1) GRADE 11
2.3 Read the extract below and answer the questions that follow.
“Drought and the weak rand are piling pressure on already cash-strapped
consumers. Several farmers have had to slaughter their livestock, because
they could no longer feed the animals”, says Professor Ferdinand Meyer,
director of the Bureau for Food and Agricultural Policy. Some things, such
as grain and fruit prices, will rise by more than 20% and others, such as
bread, will rise by less.
[Source: YOU Magazine 11 Feb 2016, you.co.za]
2.3.2 What impact will the drought have on South Africa’s agricultural exports? (1)
2.3.5 Evaluate the types of primary sector operations with the aid of examples.
(2 x 2) (4)
2.4 Discuss supply and demand and climate, as factors that influence the price of
natural resources. (4 x 2) (8)
2.5 Evaluate the possible causes for the ongoing energy crisis in South Africa. (4 x 2) (8)
[40]
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ECONOMICS 8
(Paper 1) GRADE 11
3.1.2 How will the South African Reserve Bank intervene when a bank
experiences bank failure? (1 x 2) (2)
3.2 Study the graph below and answer the questions that follow.
0.8
0.65 0.62 0.62 0.61
0.6
0.53 0.51 0.55 0.55
Gini index
0.4
0.2
0
2006 2009 2011 2015
Urban Rural
[Source: www.statista.co.za]
3.2.1 Name ONE possible reason for the higher Gini coefficient in urban areas. (1)
3.2.4 Why does South Africa have one of the highest inequality rates in the
world? (2)
3.2.5 Illustrate a typical Lorenz curve for a country with high levels of income
inequality by using a fully labelled graph. (4)
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ECONOMICS 9
(Paper 1) GRADE 11
3.3 Study the extract below and answer the questions that follow.
Most bankers would not consider Zakkie a good candidate for a loan.
Zakkie aged 49, is a primary school drop-out who does not earn a wage.
Zakkie provides for her family by selling vegetables, “loose” cigarettes and
little plastic bags of cooked mielies as snacks.
Despite such humble credentials, Zakkie was the perfect candidate for a
loan from the Small Enterprise Foundation, a non-profit organisation that
provides micro-credit to rural entrepreneurs.
The only other credit available is from neighbourhood money lenders, who
charge 30% interest per month and use cruel methods of collecting debts.
[Adapted from Small Enterprise Foundation, Nov 2011]
3.3.2 Name any ONE problem with borrowing money from micro-lenders. (1)
3.3.4 How does inflation influence the purchasing power of money? (2)
3.4 Discuss the importance of the SARB issuing coins and notes and being banker to
the government as functions of the South African Reserve Bank. (4 x 2) (8)
3.5 Examine how the COVID-19 lockdown has impacted wealth creation. (4 x 2) (8)
[40]
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ECONOMICS 10
(Paper 1) GRADE 11
4.1.1 Name TWO ways in which standards of living can be measured. (2 x 1) (2)
4.2 Study the cartoon below and answer the questions that follow.
[Source: https://www.businesslive.co.za]move]
4.2.2 What is the age group of the economically active population in SA? (1)
4.2.4 Why do developing countries have a large supply of unskilled workers? (2)
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ECONOMICS 11
(Paper 1) GRADE 11
4.3 Read the extract below and answer the questions that follow.
4.3.2 Name any ONE policy that the government can use to achieve economic
growth. (1)
TOTAL SECTION B: 80
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ECONOMICS 12
(Paper 1) GRADE 11
SECTION C
Answer any ONE of the two questions from this section in the ANSWER BOOK.
Conclusion:
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ECONOMICS 13
(PAPER 2) GRADE 11
o Characteristics (10)
o Advantages (8)
o Disadvantages (8) (26 marks)
• Outline the impact of the COVID-19 pandemic on the South African economy as a
developing country. (10 marks) [40]
TOTAL SECTION C: 40
TOTAL: 150
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