Q1 MCQ Drill: 2024 Economics P1 (2024 September Provincial Preparatory (Trial) Examination)

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

9:00

6 multiple-choice questions taken verbatim from Section A of the official 2024 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 6 2 Marks

The portion of consumption that varies with disposable income is referred to as … consumption.

A. autonomous

B. productive

C. induced

D. direct

Question 2 of 6 2 Marks

A business cycle obtained when the effects of irregular events are removed from time series data, is a(n) … business cycle.

A. actual

B. natural

C. leading

D. new

Question 3 of 6 2 Marks

A sphere of government that delivers basic services to the people is the … government.

A. political

B. central

C. basic

D. local

Question 4 of 6 2 Marks

The difference between the value of visible exports of goods and services and the value of visible imports is the …

A. balance of payment.

B. direct investment.

C. terms of trade.

D. trade balance.

Question 5 of 6 2 Marks

4 ECONOMICS P1 (EC/SEPTEMBER 2024) A measure of the amount of money earned by an individual used to determine the standard of living of the population is known as …

A. per capita income.

B. nominal income.

C. wages.

D. growth income.

Question 6 of 6 2 Marks

4 ECONOMICS P1 (EC/SEPTEMBER 2024) A platform created to aid the development of urgently needed skills to facilitate job creation.

A. Broad-Based Black Economic Empowerment

B. Critical Infrastructure Programme

C. Joint Initiative on Priority Skills Acquisition

D. Foreign Investment Grant

Q1 MCQ Drill: 2024 Economics P1 (2024 September Provincial Preparatory (Trial) Examination)

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