4.1 Answer the following questions - NSC Economics - Question 4 - 2023 - Paper 1
Question 4
4.1 Answer the following questions.
4.1.1 Name any TWO characteristics of countries in the South.
4.1.2 How can an increase in the population's income levels infl... show full transcript
Worked Solution & Example Answer:4.1 Answer the following questions - NSC Economics - Question 4 - 2023 - Paper 1
Step 1
4.1.1 Name any TWO characteristics of countries in the South.
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Countries in the South often exhibit:
Low standard of living with high poverty levels.
High rates of unemployment.
These characteristics highlight socio-economic challenges faced by these countries.
Step 2
4.1.2 How can an increase in the population's income levels influence the demand for imports?
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
As the population's income levels rise, the demand for imported goods and services generally increases. Higher income typically enables consumers to afford more products that may not be produced domestically, leading to a higher import demand.
Step 3
4.2.1 Identify the original equilibrium point in the graph above.
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The original equilibrium point in the graph is where the aggregate demand (AD) curve intersects with the aggregate supply (AS) curve, indicating the equilibrium price level and real output.
Step 4
4.2.2 Name ONE instrument of the monetary policy.
98%
120 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
One instrument of monetary policy is the interest rate, which is adjusted to influence economic activity.
Step 5
4.2.3 Briefly describe the term business cycles.
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Business cycles refer to the fluctuations in economic activity over time, characterized by periods of expansion (growth) and contraction (recession). They reflect changes in GDP, employment, and production levels.
Step 6
4.2.4 How can competition stimulate aggregate supply?
97%
121 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Competition can stimulate aggregate supply by encouraging businesses to innovate and improve efficiency, which can lead to increased production capabilities and a higher total supply in the economy.
Step 7
4.2.5 Explain the effect of demand-side and supply-side policies on the general price level and real output, with reference to the graph above.
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Demand-side policies can shift the AD curve rightward, increasing real output and the general price level, moving along the AS curve. In contrast, supply-side policies may shift the AS curve rightward, increasing output while potentially lowering prices. This interaction helps to maintain equilibrium in the economy.
Step 8
4.3.1 Identify the population percentage of females in the age group 30 to 34 years.
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
In the demographic data, the population percentage of females in the age group 30 to 34 years is approximately 4.7%.
Step 9
4.3.2 Give an economic term that refers to the population age group 15 to 65 years.
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The economic term that refers to the population age group 15 to 65 years is 'working-age population.'
Step 10
4.3.3 Briefly describe the term life expectancy.
98%
120 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Life expectancy refers to the average number of years a person is expected to live based on current mortality rates, encapsulating health and quality of life indicators.
Step 11
4.3.4 Explain the impact of malnutrition on the child mortality rate.
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Malnutrition can significantly increase child mortality rates as it weakens the immune system, making children more susceptible to diseases and reducing their overall health and survival rates.
Step 12
4.3.5 Why is population size important to businesses and/or the government?
97%
121 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Population size is crucial for businesses as it determines market potential and labor availability. For the government, understanding population size helps in planning infrastructure, public services, and resource allocation.
Step 13
4.4 Discuss spatial development initiatives (SDIs) as South Africa's endeavours (efforts) in regional development.
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Spatial Development Initiatives (SDIs) aim to stimulate economic growth in underdeveloped areas by attracting investment and improving infrastructure. They focus on regional planning, poverty alleviation, and sustainable development, enhancing connectivity and economic opportunities.
