DBE NSC/SC Economics Exam Papers May/June 2023 : education.gov.za

Organisation : Department of Basic Education (DBE)
Exam Name : National Senior Certificate (NSC) / Senior Certificate (SC) Examinations
Facility : Download Exam Papers
Month &Year : May/June 2023
Subject : Economics
Medium : English
Papers : Paper 1 & Paper 2
Country : South Africa
Website : https://www.education.gov.za/Curriculum/NationalSeniorCertificate(NSC)Examinations/2023MayJuneExamPapers.aspx

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DBE NSC/SC Economics Exam Paper

Download Department of Basic Education (DBE) National Senior Certificate (NSC) / Senior Certificate (SC) Examinations May/June 2023 Economics Paper 1 & Paper 2 (English) Exam Papers.

Related / Similar Question Paper : DBE NSC/SC Dramatic Arts Exam Papers May/June 2023

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 nominal value of all final goods and services produced within the boundaries of a country is known as GDP at …
a. basic prices.
b. current prices.
c. constant prices.
d. factor cost.

1.1.2 A grouping of various indicators of the same type into a single value is referred to as …indicators.
a. leading
b. lagging
c. coincident
d. composite

1.1.3 State-owned enterprises that provide public goods and services are called …
a. nationalisation.
b. bureaucrats.
c. parastatals.
d. privatisation.

1.1.4 When a country can produce a product at a lower opportunity cost than any other country, it is known as … advantage.
a. comparative
b. relative
c. absolute
d. complete

1.1.5 The co-ordination of various social, fiscal and monetary policies among the member countries is required in a/an …
a. free-trade area.
b. economic union.
c. customs union.
d. common market.

1.1.6 The economic policy that aims to eliminate poverty and reduce inequality by 2030 is called the …
a. National Development Plan.
b. New Growth Path.
c. Expanded Public Works Programme.
d. Reconstruction and Development Programme

1.1.7 The use of science and technology to promote industrial development is part of the …
a. Industrial Policy Action Plan.
b. National Industrial Policy Framework.
c. National Research and Development Strategy.
d. Integrated Manufacturing Strategy.

1.1.8 Bank notes and coins in circulation and demand deposits in the banking sector, is classified as … money supply.
a. M4
b. M3
c. M2
d. M1

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 Estimating or forecasting something unknown from facts and information that are known
1.3.2 An estimate of income and expenditure for a three-year period during the budgeting process
1.3.3 A trade policy that promotes the production of goods domestically rather than importing them
1.3.4 Restriction on the quantity of imports allowed into a country
1.3.5 The compensation of citizens who lost their land because of discriminatory apartheid laws
1.3.6 Policies that are aimed at increasing the economic livelihood of specific areas