Q1 MCQ Drill: 2025 Economics P1 (2025 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 2025 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

Products that consumers can use repeatedly for many years to satisfy their needs are referred to as … goods.

A. semi-durable

B. non-durable

C. durable

D. perishable

Question 2 of 8 2 Marks

Aggregate supply in the economy can be stimulated by …

A. increasing the cost of doing business.

B. improving efficiency of inputs.

C. improving the inefficiency of markets.

D. maintaining the same costs.

Question 3 of 8 2 Marks

The Medium Term Expenditure Framework (MTEF) indicates the government expenditure and revenue projection for a period of … year/s.

A. one

B. two

C. three

D. four

Question 4 of 8 2 Marks

A comprehensive and systematic record of all transactions between a specific country with other countries of the world, over a year is known as …

A. balance of payments

B. globalisation

C. international trade

D. balance of trade

Question 5 of 8 2 Marks

A protocol to strengthen the existing relations between Argentina, Brazil, Paraguay and Uruguay is called …

A. Mercosur.

B. SADC.

C. AU.

D. BRICS.

Question 6 of 8 2 Marks

This document was downloaded from www.ecexams.co.za. 4 ECONOMICS P1 (EC/SEPTEMBER 2025) The type of tax that is levied annually on the market value of residential, office and factory buildings is called …

A. capital gains tax.

B. estate duty.

C. transfer duty.

D. property tax.

Question 7 of 8 2 Marks

This document was downloaded from www.ecexams.co.za. 4 ECONOMICS P1 (EC/SEPTEMBER 2025) … involves the implementation of sound economic policies and practices that ensure accountability, transparency and responsiveness to the needs of citizens.

A. Free market orientation

B. Good governance

C. Integration

D. Provision of resources

Question 8 of 8 2 Marks

This document was downloaded from www.ecexams.co.za. 4 ECONOMICS P1 (EC/SEPTEMBER 2025) Obesity, as a social indicator, relates to …

A. health.

B. malnutrition.

C. demographics.

D. nutrition.

Q1 MCQ Drill: 2025 Economics P1 (2025 September Provincial Preparatory (Trial) Examination)

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