1.1.1 The … calculates the increase in prices of goods over a period of time - NSC Consumer Studies - Question 1 - 2024 - Paper 1
Question 1
1.1.1 The … calculates the increase in prices of goods over a period of time.
A South African Revenue Services (SARS)
B South African Reserve Bank (SARB)
C Johannes... show full transcript
Worked Solution & Example Answer:1.1.1 The … calculates the increase in prices of goods over a period of time - NSC Consumer Studies - Question 1 - 2024 - Paper 1
Step 1
The … calculates the increase in prices of goods over a period of time.
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Answer
The correct answer is D: Consumer Price Index (CPI). CPI is a measure that examines the weighted average of prices of a basket of consumer goods and services, and is used to assess price changes associated with the cost of living.
Step 2
A/An … will contribute to the sustainable consumption of electricity.
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Answer
The correct answer is B: solar geyser. Solar geysers utilize solar energy to heat water, thus contributing to sustainable electricity consumption by reducing reliance on electricity from non-renewable sources.
Step 3
Max took the seller, who refused to refund him, to court and the seller was exonerated by a/an …
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Answer
The correct answer is A: exemption clause. This refers to stipulations in a contract that limit the liability of one party, protecting them in certain situations, such as refund refusals.
Step 4
In an illegal pyramid scheme all members …
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Answer
The correct answer is C: are recruited by existing members. In a pyramid scheme, participants earn money primarily through recruiting new members rather than from legitimate business activities.
Step 5
The information on a food label that guarantees the safety of consumers:
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Answer
The correct answer is D: Net mass/Batch number. This information ensures traceability and quality control within food safety standards.
