NSC Economics Practice Questions - National Senior Certificate (Matric) Economics - Grade 12 Exam - NSC Economics Practice Questions - National Senior Certificate (Matric) Economics

Question 1

In the circular flow model, which of the following is classified as a 'leakage' (withdrawal) from the flow of income?

Household savings Investment spending by firms Government spending on goods Export earnings

Correct Answer:

Household savings

Question 2

The three injections into the open-economy circular flow of income are:

Savings, taxation and imports Investment, government spending and exports Consumption, savings and investment Wages, rent and interest

Correct Answer:

Investment, government spending and exports

Question 3

In South Africa the national accounts are compiled by which institution?

Statistics South Africa (Stats SA) The National Treasury The South African Reserve Bank (SARB) The Department of Trade, Industry and Competition

Correct Answer:

The South African Reserve Bank (SARB)

Question 4

Gross Domestic Product (GDP) measures the total value of:

All goods and services produced by a country's citizens anywhere in the world All goods, including intermediate goods, produced in a country Only the goods exported by a country in a year All final goods and services produced within a country's borders in a given period

Correct Answer:

All final goods and services produced within a country's borders in a given period

Question 5

Using the expenditure method, GDP(E) on the open economy is calculated as:

C + I + G + (X − M) C + S + T Wages + Rent + Interest + Profit GDP + Imports − Exports

Correct Answer:

C + I + G + (X − M)

Question 1

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Prepare with the NSC Economics Practice Questions - National Senior Certificate (Matric) Economics - Grade 12 Exam practice quiz. This question bank includes 100 questions covering south, africa, rate, competition, and price. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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NSC Economics Practice Questions - National Senior Certificate (Matric) Economics - Grade 12 Exam

This practice set contains 100 questions from the matching question bank and focuses on south, africa, rate, competition, and price. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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NSC Economics Practice Questions - National Senior Certificate (Matric) Economics - Grade 12 Exam

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