Grade 8 Economic and Management Science (EMS) (Economics) June Paper 1 and Memo - 2024

GRADE 8

ECONOMICS

TERM 2 – FORMAL ASSESSMENT

Total: 50 marks Time: 1 hour



Learner’s name: ____________________________________ Gr. 8: ___________.




Instructions and information:



 This question paper consists of five questions, answer all the questions.
 No Tip – Ex may be used.
 Write in full sentences unless other instructions are given
 Good luck!!

The following topics are covered in this test.

 The government
 The National Budget
 Standard of living
 Factors of Production




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Grade 8 June Paper 1

, QUESTION 1

Various options are provided as possible answers for the following questions. Choose the correct
answer and write the letter (A-D) next to the question number (1.1.1 – 1.1.5).



1.1.1 What are goods or services that are necessary for survival and well-being called?
A Essential needs
B Primary goods
C Basic needs
D Mandatory items


1.1.2 Two types of society are
A rich and poor
B cold and warm
C developed and non-developed
D Urban and rural


1.1.3 What is the term for a medium of exchange used to facilitate transactions?
A Money
B Currency
C Barter
D Exchange items


1.1.4 There are ________ levels of government in South Africa.
A Three
B Eight
C One
D Five



1.1.5 The NINE provinces of South Africa are led by:
A Mayors
B Leaders
C Presidents
D Premiers (5)



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Grade 8 June Paper 1