Give ONE term for each of the following descriptions. Write only the term next to the question number (1.3.1-1.3.6) in the ANSWER BOOK. Acronyms and abbreviations will NOT be accepted. A document showing anticipated revenue and estimated expenditure. A deliberate increase in the value of a currency. A phase associated with increased profits in the business cycle. This is paid to producers to reduce the costs of production and encourage the production of goods and services. A financing instrument distributed among countries of the International Monetary Fund. A minimum level of consumption that takes place even if the consumer has no disposable income. Give the 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. A market for short-term savings and loans A negative economic growth rate for at least two consecutive quarters A trade policy that discourages imports to guard domestic industries from harmful foreign competition The Act that promotes redress and transformation in the workplace in terms of race, gender and disabilities A policy that targets taxes and government expenditure to influence economic activity The migration of people from rural areas to cities and towns (6 x 1)1.3 Give ONE term/word for each of the following descriptions. Write only the term/word next to the question number (1.3.1-1.3.6). Abbreviation, acronyms and examples will NOT be accepted. A view that explains that disequilibrium in markets are caused by the incorrect use of policies The main source of government revenue Money received without any productive service rendered Increase in population numbers of cities and towns The rate at which SARB lends money to banks for short periods The return of land to those that have lost it due to discriminatory laws in the past. Give ONE term for each of the following descriptions. Write only the term next to the question number (1.3.1-1.3.6) in the ANSWER BOOK. Acronyms and abbreviations will NOT be accepted. Markets for long-term financial instruments for example bonds and shares Negative economic growth for at least two consecutive quarters of the year Dishonest action taken by people in position of responsibility The deliberate decrease in the value of a currency due to government actions Notes and coins in circulation and demand deposits of the domestic private sector Track of land that forms passage way allowing access from one area to another1.3 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. The initial change in spending produces a proportionately larger increase in national income The point where the economic contraction is at its lowest A transfer of functions and ownership from the public sector to the private sector An increase in the price of a currency in terms of another currency due to market forces The movement of imports and exports between countries without any restrictions The social indicator that relates to the size of the country's population1.3 Give ONE term for each of the following descriptions. Write only the term next to the question number (1.3.1-1.3.6) in the ANSWER BOOK. A fluctuation in economic activities over a period of time The distance from the trend line to the peak and the trough A tariff imposed as a percentage of the value of goods imported The Act that promotes equal job opportunities for all Compares a country's export prices to its import prices by means of indexes People within the economically active population who are willing and able to work but cannot find a job 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. The initial change in spending produces a proportionately larger increase in national income The point where the economic contraction is at its lowest A transfer of functions and ownership from the public sector to the private sector An increase in the price of a currency in terms of another currency due to market forces The movement of imports and exports between countries without any restrictions The social indicator that relates to the size of the country's population
