Economics P1 November 2023 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 The withdrawal of money from the circular flow

1.3.2 A summary of the various indicators of the same type into a single
value

1.3.3 The exchange rate is determined by market forces with intervention
by the central bank

1.3.4 The increase in the capacity of the economy to produce more
goods and services

1.3.5 The processing of natural resources into finished products

1.3.6 The lowest interest rate charged by commercial banks to their best
clients