Economics P1 November 2023 SECTION A 1.1
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Question 1 of 8
1. Question
QUESTION 1
1.1 Various options are provided as possible answers to the following questions.
Choose the answer and write only the letter (A–D) next to the question
numbers (1.1.1 to 1.1.8) in the ANSWER BOOK, e.g. 1.1.9 D.This is how your instructions will be in the exam, for this exam practice, just select the correct answer.
1.1.1 A deliberate action by the government to increase the value of a
currency is known as …CorrectIncorrect -
Question 2 of 8
2. Question
1.1.2 Business cycles that last from 7 to 11 years, caused by changes in
net investments, are known as … cycles.CorrectIncorrect -
Question 3 of 8
3. Question
1.1.3 The relationship between the tax rate and the tax revenue for the
government is illustrated by the … curve.CorrectIncorrect -
Question 4 of 8
4. Question
1.1.4 If the value of the marginal propensity to consume (MPC) is 0,6,
the value of the marginal propensity to save (MPS) will be …CorrectIncorrect -
Question 5 of 8
5. Question
1.1.5 A limit on the quantity of goods and services that can be purchased
from other countries is known as import …CorrectIncorrect -
Question 6 of 8
6. Question
1.1.6 A growth and development strategy that was intended to halve
unemployment and poverty by 2014 was known as …CorrectIncorrect -
Question 7 of 8
7. Question
1.1.7 The government’s broad approach to industrialisation is set out in
the …CorrectIncorrect -
Question 8 of 8
8. Question
1.1.8 The increase in the population of cities and towns through the
movement of people from rural areas is known as …CorrectIncorrect
