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Economics Gr. 12 T1 W1 MACROECONOMICS: CIRCULAR FLOW
Economics Grade 12 Term 1 Wk1 MACROECONOMICS: CIRCULAR FLOW
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THE CIRCULAR FLOW MODEL, NATIONAL ACCOUNT AGGREGATES AND THE MULTIPLIER QUESTIONS AND ANSWERS GRADE 12
Activity 2 Study the following data and answer the question that follows:
1. Determine the gross domestic product at market prices according to the production method. [10]
Activity 3 Refer to Table 1.3.2 (income method) and answer the following questions:
- Which financial institution is responsible for the recording and publishing of GDP figures in South Africa? (2)
- Explain the concept ‘subsidies on products’. (3)
- Give TWO examples of taxes on products. (4)
- Calculate the consumption of fixed capital in 2009 as a percentage of GDP at market price. Show all calculations. (4)
- What is the difference between 2007 and 2011 concerning the GVA @ factor cost? (2)
Activity 4 Two key national accounts conversions A. How to convert domestic totals to national totals:
Table 1.3.4: How to convert domestic totals to national totals PLEASE NOTE ! Table 1.3.4 shows you how to apply the conversion of domestic figures to national figures and vice versa. You must learn these conversions. Study Table 1.3.5 below and answer the questions that follow.
Table 1.3.5: National account aggregates
- Explain the concept gross capital formation. (2)
- Calculate the value of A. Show all calculations. (4)
- Differentiate between GVA at basic prices and Expenditure on GDP at market price. (3) [9]
- Define the term multiplier. (3)
- With reference to the graph, name the TWO sectors involved in deriving the macro-economic multiplier. (4)
- Indicate what is represented by the dotted line. (2)
- What is the value of autonomous consumption for the original consumption function? (2)
- Suppose the marginal propensity to save (MPS) = 0.4. Use the multiplier formula to calculate the eventual change in aggregate income, if there was an injection of R10 billion into the economy. Show ALL the calculations. (6)
- Describe the relationship between the mpc and the multiplier. (3) [20]
Determine the size of the multiplier first.
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Economics Grade 12 Term 1 Wk1 MACROECONOMICS: CIRCULAR FLOW ... Economics Gr. 12 T1 W1 MACROECONOMICS: CIRCULAR FLOW . ... pdf . Size: 0.48MB . Share this content. Economics Grade 12 Term 1 Wk1 MACROECONOMICS: CIRCULAR FLOW. Language: English.
Grade 12 Economic Essays for the Next Three-Year Cycle (2021-2023) Macroeconomics - Paper 1. Discuss in detail the markets within the FOUR-SECTOR model (Circular Flow) Discuss in detail 'The new economic paradigm'/Explain the 'smoothing of cycles (Business Cycles)
Message to Grade 12 learners from the Minister of Basic Education "Matric" (Grade12) is perhaps the most important examination you will prepare ... SECTION C - ESSaY The circular-flow model shows how the economy works via the various markets. Discuss the role of the various markets in the circular flow model, without the use of a diagram. ...
Circular flow model 3.1 The open economy circular flow model 4 - 33 33 3.2 National account aggregates - 67 3.3 Examination guidance (Topic Specific) 68 4. Study and ... topics, skills and concepts that are located in Grade 12, that are critical to lay the foundation for Grade 12. The main aim is to close the pre-existing content gaps in ...
Please find the attached file that contains grade 12 Economics notes grade 12 economics the circular flow model, national account aggregates and the multiplier. Skip to document. University; High School. Books; Discovery. ... 2021-2023 GR12 Economics P1 Essays Final. Economics 97% (120) 16. Inflation - notes . Economics 97% (93) 20.
1. Circular flow Present the circular flow as a macroeconomic model. The open economy circular flow model. Concepts; The complete four sector diagram; Participants. Households; Business sector; Government; Foreign sector; Real and money flows; Injections (J = I + G + X) Leakages (L = S + T + M) Equations e.g. Y = C + I + G + (X - M) Markets ...
Topic 1 Circular flow Overview This topic discusses the open economy circular flow model and the various markets that facilitate economic activities. It also deals with national accounts aggregates and conversions, and the multiplier effect in the economy. In this topic, you will learn about: The open economy circular flow model
2.1.1 Give TWO types of flows in the circular flow model. (2 x 1) (2) 2.1.2 What impact will an increase in personal income tax have on the household's disposable income? (1 x 2) (2) 2.2 Study the graph below and answer the questions that follow. 2.2.1 Identify a peak in the business cycle above. (1)
1.2.4 E . 1.2.5 B . 1.2.6 D . 1.2.7 G . 1.2.8 C financial grants to support the production of export goods probable number of years a person will live after birth
Economics: Grade 12 3 NW//June Exam Paper 1 Memo 2018 Demo NW/JUNE/ECOM/ EMIS/6***** SECTION B Answer any TWO of the three questions in this section in the ANSWER BOOK. QUESTION 2 40 MARKS - 30 MINUTES 2.1 Answer the following questions ... 2.1.1 Give TWO types of flows in the circular flow model.
2. assessment in grade 12 . 2.1 format of the papers . classification of topics for the grade 12 economics question papers . final examination papers . economics gr.12 paper 1 150 marks - 1½ hours . paper 2 150 marks - 1½ hours
the circular flow model, national account aggregates and the multiplier questions and answers grade 12 . more in this category: ... technical sciences paper 1 grade 12 questions - nsc past papers and memos june 2022; mathematics literacy paper 2 grade 12 memorandum - nsc past papers and memos june 2022 ...
Circular flow essay R83,00 Add to cart Quickly navigate to. Preview. Preview; Seller; Written for; ... Grade 12 ieb core mathematics ; Afrikaans - first additional language ; Accounting grade 11 ; ... You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your ...
GRADE 12 2021 Downloaded from Stanmorephysics.com. Page 2 of 104 MACROECONOMICS TOPIC 1: THE CIRCULAR FLOW ACTIVITY 1 1.1 Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A-D) next to the question numbers (1.1.1. to 1.1.5) in the ANSWER BOOK e.g. ...
This document contains Economics grade 12 notes economics grade 12 notes the circular flow model, national account aggregates and the multiplier key concepts. Skip to document. ... Pdf 02272024 145913; Gr 8 subject template; Global@warming - It's a summary on global worming ... 2021-2023 GR12 Economics P1 Essays Final. Economics 97% (120) 16 ...
ASSESSMENT IN GRADE 12 4 2.1 Format of question papers 4 2.2 Details of question papers 4 ... may be regarded as essay topics for the next three-year cycle. 2. ASSESSMENT IN GRADE 12: 2.1 : ... • Circular flow • Business cycles • Public sector • Foreign exchange markets
Circular Flow Lesson Plan. This lesson introduces the circular flow model to students by creating a model in the classroo m and through video clips from Discovery Education streaming . Students draw their own maps to assess their understanding and illustrate their circular flow maps by using the I nternet to find examples of the markets.
2.6 Briefly explain the 'flows' in a circular flow. Flows are economic variables that happen over time. There are two flows: money flow and real flow. Flow of goods and services and factors of production are referred to as the real flow. Income and expenditure are referred to as the money flow.
GR 12 ECONOMICS U1 MANAGING THE ECONOMY. 9. Therefore, the conclusions that can be drawn from the simple circular flow of income model drawn above are: 1. Household income equals the value of the productive resources used by the business firms, since money was paid directly in exchange for productive resources. 2.
2022 WORKBOOK | Grade ECONOMICS 12 THE MULTIPLIER WHAT YOU SHOULD KNOW CONCEPTS ATTRIBUTIONS Page 12 ICON | www.flaticon.com Before If this new income remain in the circular flow, the multiplier effect will be strong and thereby have a larger impact on GDP. During After 2 SECTOR MODEL Y = C + I 3 SECTOR MODEL Y = C + G + I 4 SECTOR MODEL Y = C ...
Displaying Economics Grade 12 Term 1 Week 1_2021.pdf.
ECONOMICS GRADE 12 SESSION 7 (LEARNER NOTES) Page 129 of 165. 2.1 Define the term. balance of payments. (3) 2.2 Name ONE other sub-account or component of the balance of payments. (3) 2.3 Name the item in the financial account which will contain shares bought by foreigners.
ECONOMICS GRADE 12 SESSION 1 (TEACHER NOTES) Page 8 of 119 SECTION B: SOLUTIONS AND HINTS TO SECTION A: TOPIC CIRCULAR FLOW QUESTION 1: 12 minutes (Taken from DoE Nov 2009) 1.1.1 GDP is . total value of final goods and services produced . within the boundaries/borders of a country for a specified period.