economics grade 12 essay public sector

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Economics Gr. 12 T1 W6: MACROECONOMICS: Public Sector

Economics Grade 12 Term 1 Wk.6: MACROECONOMICS: Public Sector

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Economics Grade 12 Past Exam Papers and Memo (Memorandums) Pdf

Download the latest Economics Grade 12 Paper 1 and Paper 2 Past Exam Papers and Memo (Memorandums) Pdf for 2020, 2019, 2018 and beyond.

Economics Grade 12 exam Guidelines

The Economics exam consists of TWO × 1½ hour papers of 150 marks each. The paper consists of SIX questions divided into three sections. Question ONE is COMPULSORY. There are FIVE other questions from which THREE must be answered. The detailed requirements for each section are shown below:

Paper 1 Exam Topics

MACROECONOMICS

• Circular flow • Business cycles • Public sector • Foreign exchange markets • Protectionism and Free Trade

ECONOMIC PURSUITS

• Growth and Development • Industrial development policies • Economic and social performance indicators

Paper 2 Exam Topics

MICROECONOMICS

• Perfect markets • Imperfect markets • Market failures

ECONOMIC ISSUES

• Inflation • Tourism • Environmental sustainability

List of Economics Grade 12 Past Exam Papers and Memo pdf for download

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2019 Economics Grade 12 Exam Papers and Memos

Below are the 2019 Economics Grade 12 Exam Papers and Memos in pdf format:

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View all # EconomicsGrade 12 Study Resources

We have compiled great resources for Economics Grade 12 students in one place. Find all Question Papers, Notes, Previous Tests, Annual Teaching Plans, and CAPS Documents.

Hey, Grade 12 Learners. My Courses portal has everything you needed to ace your matric exams, tests, assessments, research tasks, and assignments. Feel free to explore all resources for grade 12 learners, such as Study Guides, Department of Basic Education Past Exam Papers with Memos , and Speech Topics.

More Questions and Answers from Previous Question Papers

What is more useful for a grade 12 learner than actual exam questions and answers from previous question papers? We have collected 100s of grade 12 questions and answers for Grade 12 subjects from all South African Provinces: Limpopo, Gauteng, Free State, North West, Eastern Cape, Northern Cape, KZN, Western Cape, and Mpumalanga. The questions and answers are for Term 1, Term 2, Term 3, and Term 4, for the following years: 2023, 2022, 2021, 2020, 2019, and 2018. Take a look at the links below , or search for more.

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ECONOMICS PAPER 1 GRADE 12 QUESTIONS - NSC EXAMS PAST PAPERS AND MEMOS MAY/JUNE 2021

ECONOMICS PAPER 1 GRADE 12 NATIONAL SENIOR CERTIFICATE EXAMINATIONS MAY/JUNE  2021

INSTRUCTIONS AND INFORMATION

• Answer FOUR questions as follows in the ANSWER BOOK: SECTION A: COMPULSORY SECTION B: Answer TWO of the three questions.
• Answer only the required number of questions. Answers in excess of the required number will NOT be marked.
• Number the answers correctly according to the numbering system used in this question paper.
• Read the questions carefully.
• Start EACH question on a NEW page.
• Leave 2–3 lines between subsections of questions.
• 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.
• Use only black or blue ink.
• You may use a non-programmable pocket calculator.
• Write neatly and legibly.

SECTION A (COMPULSORY)

QUESTION 1 30 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–D) next to the question numbers (1.1.1 to 1.1.8) in the ANSWER BOOK, e.g. 1.1.9 D.

1.1.1 The difference in the value of the output at the peak and the value of the output at the trough of a business cycle is known as the …

• trend line.
• real output.

1.1.2 One of the member countries of the BRICS Protocol is …

1.1.3 If the marginal propensity to consume (mpc) is 0,6 in a 2-sector model, the marginal propensity to save (mps) will be …

1.1.4 Which ONE of the following is presented in October to inform parliament of changes in the budget since February?

• Main budget
• Medium-term Budget Policy Statement
• Medium-term Expenditure Framework
• National budget

1.1.5 Long-term deposits of the domestic sector at monetary institutions are part of the … money supply.

1.1.6 A supply reason for international trade is/are …

• income levels.
• preferences and tastes.
• the size of the population.
• labour resources.

1.1.7 An interest rate that commercial banks offer to their most valued clients is called the … rate.

1.1.8 Which ONE of the following is classified as excise duties?

• Tax on alcohol
• Gun licence
• Value-added tax
• Personal income tax (8 x 2) (16)

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.

1.3 Give ONE term for each of the following descriptions. Write only the term next to the question numbers (1.3.1 to 1.3.6) in the ANSWER BOOK. Abbreviations, acronyms and examples will NOT be accepted.

1.3.1 The labour force between the ages of 15 and 65 that are willing and able to work 1.3.2 It illustrates (shows) the relationship between unemployment and inflation 1.3.3 A form of credit from the International Monetary Fund (IMF) which can be used when balance of payments difficulties are experienced 1.3.4 A penalty imposed by one or more countries on another country by restricting trade 1.3.5 Consultation between the South African Reserve Bank and banks to persuade them to act in a manner that is desirable 1.3.6 An increase in the number of people moving from rural areas to cities (6 x 1) (6)

TOTAL SECTION A: 30 SECTION B

Answer any TWO of the three questions in this section in the ANSWER BOOK.

QUESTION 2: MACROECONOMICS 40 MARKS – 30 MINUTES

2.1 Answer the following questions.

2.1.1 Name any TWO sources of state revenue. . (2 x 1) (2) 2.1.2 What is the purpose of the residual item when the expenditure method is used to calculate national income? (1 x 2) (2)

2.2 Study the extract below and answer the questions that follow.

2.2.1 Which level of government develops policy and coordinates services across all nine provinces?(1) 2.2.2 Name ONE macroeconomic objective of the state. (1) 2.2.3 Briefly describe the term accountability. (2) 2.2.4 How will the government benefit from privatising state-owned enterprises? (2) 2.2.5 Why is the pricing policy a problem for the government in respect of the provisioning of goods and services? (2 x 2) (4) 2.3 Study the table below and answer the questions that follow.

BALANCE OF PAYMENTS 2018 (R MILLIONS)

[Adapted from SARB Quarterly Bulletin, March 2019]

2.3.1 Which item in the current account is unique to South Africa? (1) 2.3.2 Name the item (A) missing from the current account in the table above. (1) 2.3.3 Briefly describe the term Capital Transfer Account. (2) 2.3.4 Explain ONE factor that would influence demand to reduce the deficit in the balance of payments. (2) 2.3.5 Determine the value of the trade balance. Show ALL calculations. (4)

2.4 Briefly explain leading indicators and composite indicators as features underpinning forecasting of business cycles. (2 x 4) (8) 2.5 Analyse the impact of a devaluation of the rand on the economy (8)

QUESTION 3: ECONOMIC PURSUITS 40 MARKS – 30 MINUTES

3.1 Answer the following questions.

3.1.1 Name TWO indicators related to foreign trade. (2 x 1) (2) 3.1.2 What is the purpose of the Expanded Public Works Programme? (1 x 2) (2)

3.2 Study the table below and answer the questions that follow.

[Adapted from StatsSA & SARB Quarterly Bulletin, Dec. 2019]

3.2.1 Identify the economic indicator that reflects the average earnings of each person in the country. (1) 3.2.2 Name ONE international institution that requires South Africa to standardise their economic indicators. (1) 3.2.3 Briefly describe the term real gross domestic product. (2) 3.2.4 How is the unemployment rate determined in the country? (2) 3.2.5 Why is it necessary for South Africa to standardise its economic indicators according to international requirements? (2 x 2) (4)

3.3 Study the extract below and answer the questions that follow.

3.3.1 Give ONE example of a spatial development initiative in South Africa that is NOT mentioned above. (1) 3.3.2 Which government department is responsible for industrial development in South Africa? (1) 3.3.3 Briefly describe the term industrial development zone. (2) 3.3.4 How does the Foreign Investment Grant help to promote regional industrial development? (2) 3.3.5 Why is the new Special Economic Zone Programme regarded as an improvement of the current industrial development zones? (2 x 2) (4)

3.4 Briefly explain population growth and life expectancy as characteristics of demographics as social indicator. (2 x 4) (8) 3.5 Evaluate the success of Broad-Based Black Economic Empowerment (BBBEE) in the South African economy. (8)

QUESTION 4: MACROECONOMICS AND ECONOMIC PURSUITS 40 MARKS – 30 MINUTES

4.1 Answer the following questions.

4.1.1 Name any TWO forms of economic integration. (2 x 1) (2) 4.1.2 What is the focus of the National Research and Development Strategy? (1 x 2) (2)

4.2 Study the information below and answer the questions that follow.

4.2.1 Identify the exogenous reason for business cycles in the information above. (1) 4.2.2 Name any ONE type of business cycle. (1) 4.2.3 Briefly describe the term business cycle. (2) 4.2.4 Why does the endogenous school of thought encourage government intervention in the economy? (2) 4.2.5 How can the Reserve Bank use a demand-side policy to dampen (contract) the economy? (2 x 2) (4)

4.3 Study the cartoon below and answer the questions that follow.

4.3.1 Which international organisation encourages free trade? (1) 4.3.2 Name the term that relates to the worldwide integration of economies through trade. (1) 4.3.3 Briefly describe the term protectionism. (2) 4.3.4 Explain the impact of protection on the value of the rand. (2) 4.3.5 How would consumers benefit from a policy of free trade? (2 x 2) (4)

4.4 Briefly explain good governance and investment in social capital as benchmark criteria for regional development. (2 x 4) (8) 4.5 Evaluate the success of import substitution as a South African trade policy. (8)

TOTAL SECTION B: 80

SECTION C Answer any ONE of the two questions in this section in the ANSWER BOOK.

Your answer will be assessed as follows:

QUESTION 5: MACROECONOMICS 40 MARKS – 40 MINUTES

• Discuss the role of markets in the circular flow. (26 marks)
•  How can the business sector contribute more positively to the economy? (10 marks) [40]

QUESTION 6: ECONOMIC PURSUITS 40 MARKS – 40 MINUTES

• Discuss, without graphs, the supply-side policy to promote economic growth. (26 marks)
• Why should government focus more on small, medium and micro-enterprises (SMMEs) to drive the economy? (10 marks) [40]

TOTAL SECTION C: 40 GRAND TOTAL: 150

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Economics Grade 12 Essays pdf download

Economics Grade 12 Essays pdf download: Essays play a very big role in your success in Economics, because you must choose ONE essay to answer in each question paper, counting 40 marks out of the grand total of 150 marks. Each essay counts 40 marks. This study guide includes essay topics that have been asked in past question papers. Make sure that you study each of these topics:

DISCUSS IN DETAIL REGIONAL DEVELOPMENT IN SOUTH AFRICA IN TERMS OF THE INTERNATIONAL BENCHMARK CRITERIA .

INTRODUCTION -Regional development is the establishment of new industries in areas that are underdeveloped in order to create employment and improve the standard of living.

MAIN PART THE INTERNATIONAL BENCHMARK CRITERIA

1. Good governance. -Regional development strategies should be managed effectively and free of corruption. -Democratic decision making, transparency, financial management and control should be a culture of the organisations. -Projects should be correctly programmed, monitored and evaluated.

2. Integration. -An integrated approach, ensuring that the benefits of one region spill over to other industries and areas. -This can be in the form of infrastructure or social services.

3. Partnerships -Partnerships should be built between central government, local authorities and civil society. -These partnerships encourages commitment which leads to good results.

4. Provision of resources -Sufficient resources should be provided in resource-poor areas. -When infrastructure and human resources are available in the rural areas the business will be attracted to invest there which will lead to economic growth.

5. Competitiveness.

-Industries or business established as a result of regional policies should be competitive and not need ongoing financial aid from government. -This encourages self sufficiency and independence which in turn improves economic growth.

6. Investment in social capital. -Governments need to improve the quality of education and healthcare in a region. -Development for people involves providing essential services and goods that improve the living standard of people in a region. -Examples include food, housing and security

7. Free market orientation -The government will have to allows the forces of demand and supply to be the ones that regulates the market. – This can be done by removing barriers that block other businesses from entering the market in order to encourage competition.

8. Sustainability -The government should find measures to ensure that we do our economic activity in such a way that we do not harm the environment. -The use of local resources will also offer the most cost-effective solutions.

CONCLUSION -The South African government has entered into several agreements and projects that support development in Southern Africa for the benefit of South Africa.

Requirements to pass Grade 12 | Matric

Hey,  Grade 12  Learner! Do you know what it takes to obtain your Grade 12 Certificate?  All matric students in South Africa are required to register to write at least 7 subjects and they may not fail more than one subject. Failing more than one subject means you have failed matric. Thus, in order to pass you need to meet the following requirements:

• Obtain at least 40% for your Home Language
• Pass two other subjects with 40%, an
• Get 30% for three other subjects

Career Times is here for you:  We have compiled all useful career resources for you to take your career to the higher levels, such as: Schools Directory , Career Options , Jobs , as well as study resources for other Grades ( Grade 11 , Grade 10 , and Grade 12 ) All the best!

This is your year to pass with distinction!!!

Your meory plays a very importantpart in the learning process. In order for information to be stored in long-termmemory, it first needs to pass through your short-term or working memory. This stage of memory is limited in the amount of information it can retain. Information you receive in class must be  written down  or you will forget it. When revising from your textbooks, seek out the important information and write it down. Organise it logically. Reduce it to key terms or a form that is easy to remember.  NB: Take online Quizzes and Tests for different  Grade 12  Subjects on:  modernclassroom.co.za

We have organised all  grade 12  resourcesfor you so that youdont struggle. Check below very usefull resources for your studies even beyond Grade 12 :

List of all Grade 12 exam past papers, Memos, and Revision Notes

List of bursaries to apply for, to finance your studies

What Courses can i apply for after matric

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