Q1 MCQ Drill: 2023 Economics P1 (2023 September Provincial Preparatory (Trial) Examination)

Economics Past Paper Question 1 Drill Level 1: Knowledge & Recall

12:00

8 multiple-choice questions taken verbatim from Section A of the official 2023 September Provincial Preparatory (Trial) Examination Economics Paper 1, auto-marked against the official marking guideline. Questions that rely on diagrams or graphs are excluded - see the full paper for those.

Question 1 of 8 2 Marks

The formula I + J + X represents … in an open economy.

A. injections

B. leakages

C. expenditure

D. exports

Question 2 of 8 2 Marks

The upper turning point of a business cycle is known as …

A. prosperity.

B. recovery.

C. trough.

D. peak.

Question 3 of 8 2 Marks

The estimation of future revenues and expenses over a period of time is known as …

A. aggregate demand.

B. budget.

C. finance.

D. expenditure.

Question 4 of 8 2 Marks

The deliberate increase in the value of a rand in terms of the other is …

A. appreciation.

B. revaluation.

C. overvaluation.

D. surplus.

Question 5 of 8 2 Marks

The removal or reduction of restrictions on the free exchange of goods between nations is known as …

A. trade protocol.

B. globalisation.

C. trade liberalisation.

D. economic integration.

Question 6 of 8 2 Marks

4 ECONOMICS P1 (EC/SEPTEMBER 2023) A redress measure that focuses on land for residential and production for previously disadvantaged groups, is known as …

A. land restitution.

B. land reform.

C. land redistribution.

D. property subsidy.

Question 7 of 8 2 Marks

4 ECONOMICS P1 (EC/SEPTEMBER 2023) A cash grant to build or expand physical infrastructure is a …

A. industrial development zone.

B. integrated manufacturing strategy.

C. foreign investment grant.

D. critical infrastructure program.

Question 8 of 8 2 Marks

4 ECONOMICS P1 (EC/SEPTEMBER 2023) An economic indicator measured by dividing the real GDP by the number of workers employed is referred to as …

A. labour productivity.

B. employment.

C. unemployment.

D. economically active population.

Q1 MCQ Drill: 2023 Economics P1 (2023 September Provincial Preparatory (Trial) Examination)

Score: 0 / 0 Marks

Confirm Action