Gobezoch › Textbooks › Economics Grade 12

Economics Grade 12 Unit 1: THE FUNDAMENTAL CONCEPTS OF MACROECONOMICS

national exam questions have come from this unit. It runs 24 pages; one careful study pass takes about 2.2 hours, and its difficulty is harder among Economics units. Each section below lists the questions set from it, with the year, and opens the page that teaches it.

Read this unit
1.1 Definition and Focus Areas of Macroeconomics Revisited · read p. 1
Not asked in a national paper yet.
1.1.1 Definition of Macroeconomics · read p. 2
Not asked in a national paper yet.
1.1.2 Te Focus Areas of Macroeconomics · read p. 3
  • 2018 E.C., Q11 – Which one of the following is the focus area of macroeconomics?
  • 2017 E.C., Q31 – Which one of the following is the focus area of macroeconomics?
1.2 Key Challenges in Macroeconomics · read p. 6
Not asked in a national paper yet.
1.2.1 Economic Growth · read p. 6
Not asked in a national paper yet.
1.2.2 Inflation · read p. 8
  • 2017 E.C., Q80 – In November 2010, the Consumer Price Index (CPI) for a country was 100. In November 2011 the Consumer Price Index CPI for the same country was 130. What was the inflation rate for 2011?
  • 2016 E.C., Q76 – Consider a hypothetical economy in which a consumer buys 2kg of apples and 5kg of oranges at the price of birr 15.0 and 70 per kilogram respectively in 2016 E.C. If in 2017 E.C. the prices of these two goods, apple and o
1.2.3 Unemployment · read p. 12
  • 2017 E.C., Q79 – Suppose the adult population in a given country is estimated at 105 million. The total number of employed and unemployed individuals is estimated at 55 million and 8 million respectively. What is the labor force particip
  • 2017 E.C., Q76 – The unemployment rate for an economy is 4%. The labor force is estimated to be 55 million. What is the number of unemployed people in millions?
1.2.4 Business Cycle · read p. 14
Not asked in a national paper yet.
1.2.5 Balance of Trade · read p. 16
Not asked in a national paper yet.
1.3 Te Schools of Tought in Macroeconomic Analysis · read p. 17
  • 2017 E.C., Q35 – Which one of the following school of macroeconomic thought was predominant until the occurrence of the Great Depression?
1.3.1 Evolution and Recent Developments · read p. 17
Not asked in a national paper yet.
1.3.2 Te Classical and Neoclassical · read p. 17
Not asked in a national paper yet.
1.3.3 Keynesian · read p. 19
Not asked in a national paper yet.
1.3.4 Monetarist · read p. 20
Not asked in a national paper yet.
1.3.5 New Classical · read p. 22
Not asked in a national paper yet.
1.3.6 New Keynesian · read p. 22
Not asked in a national paper yet.