ECONOMICS

GRADE 11
CASE STUDY
TERM 3
2023

MARKS: 50

DURATION: 2 HOURS

This question paper consists of 7 pages

Economics Grade 11 SBA task: Case study
Ekurhuleni South District 2023 Term 3

INSTRUCTIONS AND INFORMATION

1. This is an individual task

2. Learners that submit responses that are identical will be penalised
and zero will be awarded for all learners
3. This task should be completed under controlled conditions
4. Answer all the questions.
5. Number answers correctly according to the numbering system used
in the task
6. Read the questions carefully
7. Answer the questions in full sentences and ensure that the format,
content and context of your responses comply with the cognitive
requirements of the questions
8. Use only black or blue ink
9. You may use a non-programmable pocket calculator
10. Write neatly and legibly

2
Economics Grade 11 SBA task: Case study
Ekurhuleni South District 2023 Term 3

QUESTION 1: ECONOMIC GROWTH

1. An economic indicator is a statistic about an economic activity. Economic

indicators allow analysis of economic performance and predictions of future
performance. Study the economic indicators in the table below and answer the
questions that follow.

SA ECONOMIC INDICATORS 2019 2020 2021 2022

Real GDP at market prices (Rm) 4 584 101 4 293 356 4 504 292 4 596 283

Nominal GDP at market prices (Rm) 6 732 549 6 402 235 6 709 867 6 778 520

Population (million) 58.78 58.80 59.39 59.89

Source: Stats SA

1.1. Identify the indicator that is the best measure for economic growth
in South Africa. (1)
1.2 What does the abbreviation GDP stands for? (1)
1.3 Differentiate between real GDP and nominal GDP. (2)
1.4 Calculate the real GDP per capita for 2019 and 2022. Show all your
calculations. (4)
1.5 From your answer in 1.1.4, what conclusions can you make between 2019
and 2022 (pre-Covid and post-Covid period) economic performance? (2)
Total Question 1: [10]

3
Economics Grade 11 SBA task: Case study
Ekurhuleni South District 2023 Term 3

QUESTION 2: ECONOMIC DEVELOPMENT

2.1 Study the information below and answer the questions that follow.

% of population Household net wealth

as a % of total wealth
Richest decile 71,70
9 12,44
8 6,24
7 3,84
6 2,52
5 1,70
4 1,16
3 0,77
2 0,46
Poorest decile -0,84
100

Source: World Bank – Inequality in SACU 2021

2.1.1 How much percentage of total wealth does the top 10% of the population
possess? (1)

2.1.2 What percentage wealth does the rest of the population possess? (1)

2.1.3 What method is used to measure inequality in a country? (1)

2.1.4 What method is used to determine the distribution of wealth in a country? (1)

2.1.5 List TWO methods of wealth distribution that the government can
implement to reduce poverty in South Africa. (2)

2.1.6 Use the data in the table to evaluate the government’s effort to redress
inequality South Africa. (4)
[10]

4
Economics Grade 11 SBA task: Case study
Ekurhuleni South District 2023 Term 3

2.2 Study the diagram below and answer the questions that follow.

2.2.1 Identify the country that has the highest HDI ranking in Africa. (1)

2.2.2 What is South African HDI ranking in the world? (1)

2.2.3 Name the THREE components of Human Development Index (HDI) (3)

2.2.4 How will better educational standards benefit an economy? (4)

5
Economics Grade 11 SBA task: Case study
Ekurhuleni South District 2023 Term 3

2.3 Choose between the scenario given in column A and the scenario given in
column B the option that will best describe a developing country. Write only the
letter A, or B next to the question number and give a reason for your choice.

Column A Column B

2.3.1 Population

2.3.2 Economic Sectors

2.3.3 Unemployment

(6)
Total Question 2: [24]

6
Economics Grade 11 SBA task: Case study
Ekurhuleni South District 2023 Term 3

QUESTION 3: MONEY AND BANKING

Statistics South Africa (Stats SA) announced that the annual headline inflation
cooled down in June 2023: The rate in June is the lowest reading since October
2021.

Source: Stats SA

3.1 In which month was the inflation rate within the SARB’s target range? (1)

3.2 Name ONE type of money that is directly controlled by the SARB? (1)

3.3 What are the reasons for bank failures in South Africa? (4)

3.4 Mention the monetary instrument that the Monetary Policy Committee
use and explain in detail how this tool influences the level of inflation. (10)

Total Question 3: [16]

GRAND TOTAL [50]