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# NSC Grade 12 Exam Economics Sample Question Paper : edu.limpopo.gov.za

Name of the Organization : Limpopo Department Of Education
Exam : National Senior Certificate Grade 12 Exam Economics
Type : Sample Question Paper
Head Office : Limpopo
Year : 2014

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Website : http://www.edu.limpopo.gov.za/index.php??option=com_content&view=article&id=112&option=com_content
Paper 1 (English) : https://www.southafricain.com/uploads/3363-EconomicsEng1.pdf
Paper 1 (Afrikaans) : https://www.southafricain.com/uploads/3363-EconomicsAfr1.pdf
Paper 2 (English) : https://www.southafricain.com/uploads/3363-EconomicsEng2.pdf
Paper 2 (Afrikaans) : https://www.southafricain.com/uploads/3363-EconomicsAfr2.pdf

## Limpopo  Grade 12 Exam Economics Sample Question Paper

Marks: 300
Time: 3 Hours

Related :Limpopo Department Of Education NSC Grade 12 Life Science Sample Question Paper : www.southafricain.com/3352.html

Instructions And Information
1. Answer SIX questions as follows in The Answer Book
Section A: Compulsory
Section B: Answer Any Three Of The Five Questions.
Section C: Answer any TWO of the four questions.
2. Answer only the required number of questions. Additional answers will NOT be marked. In Section B Only The First Three questions will be marked and in SECTION C only the first TWO.
3. Number the answers correctly according to the numbering system used in this question paper.
4. Write the question number above each answer.
5. Read ALL the questions carefully.
6. Start EACH question on a NEW page.

## Sample Questions

Section A (Compulsory) :
Question 1 50 Marks – 25 Minutes :
1.1 Various options are given as possible answers to the following questions. Choose the answer and write only the letter (A–C) next to the question number (1.1.1–1.1.12) in the ANSWER BOOK.
1.1.1 In microeconomics we study the behaviour of …
A individuals.
B migrants.
C groups.

1.1.2 Business cycle diagrams are drawn in the shape of …
A bar graphs.
B waves.
C circles.

1.1.3 The systematic record of all the transactions of a country’s inhabitants with the rest of the world, is known as the …
A international budget.
B quarterly bulletin.
C balance of payments.

1.1.4 In a perfect market the individual firm is a price …
B maker.
C taker.

1.1.5 Internal costs are known as … costs.
A private
B social
C public

1.1.6 A key feature of public goods is their …
A rivalry.
B non-excludability.
C limited consumption.

1.1.7 Many developing countries do not have the … to sustain large-scale manufacturing operations.
A land
B unskilled labour
C capital

1.1.8 An indicator that is related to inflation is the …
A consumer price index (CPI).
B economically active population (EAP).
C gross domestic product (GDP).

1.1.9 Exports can be promoted through …
A labour unrest.
B incentives and subsidies.
C restrictions on free trade.

1.1.10 If the rand appreciates, prices and the rate of inflation will …
A decrease.
B increase.
C remain the same.

1.1.11 When tourists visit South African game farms, it is referred to as … tourism.
A international
B eco-
C community

1.1.12 Gold as a resource is …
A renewable.
B non-existent.
C non-renewable. (12 x 2)

1.2 Give ONE term for each of the following descriptions. Write only the term next to the question number (1.2.1–1.2.5) in the ANSWER BOOK.
1.2.1 Successive periods of increasing or decreasing economic activity
1.2.2 A technique used to evaluate the economic costs and benefits of a project
1.2.3 A mechanism that brings together buyers and sellers of a good or service
1.2.4 An increase in the productive capacity of a country to produce goods and services
1.2.5 An increase in the general price level caused by an increase in the cost of production

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