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Grade 11 Economics - CASS Task Term 1

Last updated over 3 years ago
20 questions
Note from the author:
This Formative activity is based on the contents of the South African CAPS syllabus for Grade 11 Economics.

Grade 11 Economics

Term 1 CASS Task

50 marks

1 hour

  • You may use your textbook, class notes or Quizlet flashcards to aid you in answering the questions, however, you must do your own work.
  • No collaboration with other learners is permitted for the completion of this task.
  • A calculator is permitted.
  • You must hand in your rough worksheet at the end of the session.
2

Study the information in the table below and answer the question that follows.


In 2019, an individual received a 6.5% salary increase. Calculate the percentage salary increase for 2020. Round
your answer to one decimal place, e.g. 8.3%. The salary increase for 2020 amounted to:
(2 marks)

2

Study the information in the table below and answer the question that follows.


In 2019, the percentage change in the price level (the inflation rate) was 4.0%. Calculate the inflation rate for 2020. Round your answer to one decimal place, e.g. 8.3%. The inflation rate for 2020 amounted to:
(2 marks)

4

Explain the difference between nominal wages and real wages.
(2 x 2 = 4 marks)
Note: Copy-paste answers will receive a mark of zero.

2

Study the information in the table below and answer the question that follows.


Calculate the real wage in 2020. Round your answer to the nearest whole rand and select the correct answer from the options below.
(2 marks)

2

Study the information in the table below and answer the question that follows.


Calculations reveal that the individual’s salary increase was lower in 2020 compared to 2019. However, the individual is satisfied - explain why.
(2 marks)

8

Drag-and-drop to place each of the items in the left-hand column into the correct category in the right-hand column.

Note that negative marking applies for this question: any items incorrectly placed will result in marks being subtracted from the overall mark for the question.
(8 x 1 = 8 marks)

  • Furniture
  • Clothing
  • Medicines, e.g. cough mixture
  • Umbrellas
  • Petrol
  • Motor-car tyres
  • Motorcycle
  • Ice-cream
  • Non-durable goods
  • Semi-durable goods
  • Durable goods
2

Analyse the table below and answer the question that follows.


What percentage of total household spending was spent on Services in 2018? Calculate and round your answer to one decimal place, e.g. 8.3%.
(2 marks)

2

Give one possible reason for the decline in spending on durable goods from 2015 to 2016.
(2 marks)

4

Imagine that it is the middle of 2015, and the data for 2017 as shown in the table was presented to you by a latter-day Nostradamus. You have R100 000 to invest in a share portfolio. Explain whether you would buy shares in Checkers, or in Toyota (SA), and give a reason for your choice.
(2 x 2 = 4 marks)

2

Study the table below and process the information to determine the Gross value added.


Calculate the value of (A) in the table, and write your answer in the same format as the other values in the table, e.g.: 7 450

(2 marks)

2

Study the table below and process the information to determine the Gross value added.


Calculate the value of (B) in the table, and write your answer in the same format as the other values in the table, e.g.: 7 450

(2 marks)

2

Study the table below and process the information to determine the Gross value added.


Identify the amount that represents the GDP at market prices.

(2 marks)

2

Study the table below and process the information to determine the Gross value added.


Consider your answer to the question "Identify the amount that represents the GDP at market prices." Briefly explain why it is this amount that is used to calculate the value of the GDP.

(2 marks)

4

Nambabwe is a (fictitious) small sovereign country. The data below is presented in no particular order. Study the information below, and reorganize it in order to make the calculations to answer the question that follows.


Calculate the gross value added at factor cost, (GVA at factor cost) and select the correct answer from the options below.
(4 marks)

3

Nambabwe is a (fictitious) small sovereign country. The data below is presented in no particular order. Study the information below, and reorganize it in order to make the calculations to answer the question that follows.


Calculate the gross value added at basic prices, (GVA at basic prices) and select the correct answer from the options below.
[Hint: start your calculations using the GVA at factor cost which was calculated in the preceding question]

(3 marks)

3

Nambabwe is a (fictitious) small sovereign country. The data below is presented in no particular order. Study the information below, and reorganize it in order to make the calculations to answer the question that follows.


Assume that it is given that GDP at market prices = 2 343 831, calculate the gross national income (GNI) at market prices.
(3 marks)

1

Indicate whether the following statement is True or False.
In a market economy, decision-making is centralized.
(1 mark)

1

Indicate whether the following statement is True or False.
In a centrally planned (command) economy, consumers have relatively less choice than in a market economy.
(1 mark)

1

Indicate whether the following statement is True or False.
Nationalisation is the sale of government assets to the private sector.
(1 mark)

1

Indicate whether the following statement is True or False.
The South African Reserve Bank (SARB) is responsible for South Africa's fiscal policy.
(1 mark)