Economics 2023 May/June Paper1 SECTION A 1.3

QUESTION 1
1.3 Give ONE term for each of the following descriptions. Write only the term
next to the question numbers (1.3.1 to 1.3.6) in the ANSWER BOOK.
Abbreviations, acronyms and examples will NOT be accepted.

This is how your instructions will be in the exam, for this exam practice, just type the correct answer.

1.3.1 Estimating or forecasting something unknown from facts and
information that are known

1.3.2 An estimate of income and expenditure for a three-year period
during the budgeting process

1.3.3 A trade policy that promotes the production of goods domestically
rather than importing them

1.3.4 Restriction on the quantity of imports allowed into a country

1.3.5 The compensation of citizens who lost their land because of
discriminatory apartheid laws

1.3.6 Policies that are aimed at increasing the economic livelihood of
specific areas