SECONDARY SCHOOL INTERVENTION PROGRAMME (SSIP)
2023
MACROECONOMICS
ECONOMICS PRE and POST-TEST

Answer the questions on the answer sheet provided.

There is only ONE correct answer for each question.

Make use of a PEN to complete the answer sheet.
Be honest in answering these questions, as your answers will be used
to determine your understanding of the content which will be covered in this
programme, as well as the impact of this sessions. Your individual results will
be kept confidential. Nobody will be informed of the mark you obtained in this
test.
1.1.1
…mostly involved in consumption.
A
B
C
D
1.1.2
Household
Businesses
Government
Foreign sector
Financial instruments traded in the money market include…
A
B
C
D
labour, capital and natural resources.
equities and long-term borrowing.
goods and services.
treasury bills, and bank debentures
1.1.3
If GVA @ basic prices equal to R259 000, with taxes on products
equal to R15 000 and subsidies on products equal to R6 000,
then GVA @ factor cost will be equal to:
A
B
C
D
1.1.4
Multiplier in a four-sector model is likely to include the leakage…
which is not normally included in a two and three sector model.
A
B
C
D
1.1.5
South African Reserve Bank
Real GDP
Nominal GDP
Gross Domestic Product
Technological changes are an example of:
A
B
C
D
1.1.8
8 billion
50 billion
12.5 billion
5 billion
The …is the most important variable in theses cycles and
forecasts.
A
B
C
D
1.1.7
Marginal propensity to consume (Mpc)
Marginal propensity to import (Mpm)
Marginal propensity to save (Mps)
Disposable income
National income will change by... in an economy with a new
investment of 10 billion and the marginal propensity to consume
equal to 0.8.
A
B
C
D
1.1.6
R 242 500
R 241 000
R 250 000
R 265 000
Monetarist approach
Kitchen cycles
Keynesian approach
Kuznets cycle
SARB buys bond from…more money flows into the economy.
A
B
C
D
government
firms
standard bank
South African National Blood services (SANBS)
1.1.9
Longer cycles show…
A
B
C
D
1.1.10
Stable growth means growth with low inflation and…
A
B
C
D
1.1.11
Demerit goods
inefficiency
ineffectiveness
effectiveness
The Laffer curve shows that there is a limit to how much the
government can…the tax rate.
A
B
C
D
1.1.14
Leading indicators
Coincident indicators
Lagging indicators
Moving averages
The government promotes the... of the free market to prevent
imperfect competition.
A
B
C
D
1.1.13
high unemployment
low unemployment
high inflation
high unemployment
The hours worked in construction is an example of
A
B
C
D
1.1.12
Strength
Positively sloped.
Weakness
Trend line
Remain the same.
Increase
Decrease
Stop
Municipalities receive funds directly from… in the form of
unconditional equitable share and as conditional grants.
A
B
C
D
Local government
Provincial government
Central government
Parastatals
1.1.15
…is the reward accruing to resource owners over and above the
payment of resources.
A
B
C
D
1.1.16
The minister of finance presents the main budget to parliament
during the …month of every year.
A
B
C
D
1.1.17
Trade balance
Trade surplus
Balance of trade
Net trade
…of exchange are rates of exchange given at a specific time.
A
B
C
D
1.1.20
Full employment
Exchange rate stability
Economic growth
Price stability
…is the difference between exports and imports.
A
B
C
D
1.1.19
1st
2nd
3rd
4th
Which macroeconomic objective explain the statement “it is
measured in terms of Real GDP”
A
B
C
D
1.1.18
Rent seeking
Economic stability
Social wage
Pareto efficiency
Real rates
Nominal rates
Exchange rate
Foreign currency
If purchasing power parity were to hold even in the short run,
then:
A Real exchange rates should tend to decrease over time.
B Quoted nominal exchange rates should be stable over
time.
C Real exchange rates should tend to increase over time.
D Real exchange rates should be stable over time.
1.1.21
A demand for US dollars will occur when …
A
B
C
D
1.1.22
Which leakage is compulsory payment within the three-sector
model?
A
B
C
D
1.1.23
Public servants
State enterprises
Subsidised products
The public
Due to depreciation of domestic currency,
A
B
C
D
1.1.25
Savings
Investments
Taxes
imports
…are not subjected to the forces of demand and supply.
A
B
C
D
1.1.24
placing a deposit with an American bank.
buying shares in South African firms.
receiving interest from the World Bank.
tourists visit South Africa.
exports rise.
imports rise.
exports fall.
imports fall
…become possible if the domestic demand is added to foreign
demand.
A Specialisation
B Mass production
C Efficiency
D globalisation
…
25x2(50)
SECONDARY SCHOOL INTERVENTION PROGRAMME (SSIP)
2023
MARCOECONOMICS
ECONOMICS PRE and POST-TEST
ANSWER SHEET
Surname
Initials
School
Mark your choice clearly, by crossing the correct option, for example:
Correct
A
B
C
D
1
A
B
C
D
16
A
B
C
D
2
A
B
C
D
17
A
B
C
D
3
A
B
C
D
18
A
B
C
D
4
A
B
C
D
19
A
B
C
D
5
A
B
C
D
20
A
B
C
D
6
A
B
C
D
21
A
B
C
D
7
A
B
C
D
22
A
B
C
D
8
A
B
C
D
23
A
B
C
D
9
A
B
C
D
24
A
B
C
D
10
A
B
C
D
25
A
B
C
D
15
A
B
C
D