SENIOR SECONDARY IMPROVEMENT PROGRAMME 2013
GRADE 12
ECONOMICS
LEARNER NOTES
The SSIP is supported by 1
, TABLE OF CONTENTS
LEARNER NOTES
SESSION TOPIC PAGE
12 Inflation 3 - 20
13 Tourism 21 - 34
14 1. The state of the environment 35 - 51
2. Measures to ensure sustainability
15 Consolidation exercises 52 - 58
16 Consolidation exercises 59 - 65
2
,GAUTENG DEPARTMENT OF EDUCATION SENIOR SECONDARY IMPROVEMENT PROGRAMME
ECONOMICS GRADE 12 SESSION 12 (LEARNER NOTES)
SESSION 12
TOPIC 1: KINDS OF INFLATION
Learner Note: Inflation is a sustained and significant increase in the general price level over a
period of time.
SECTION A: TYPICAL EXAM QUESTIONS
QUESTION 1: 10 minutes (Taken from DOE Exemplar 2008)
Discuss the causes of demand-pull inflation. (4 x 4) [16]
QUESTION 2: 18 minutes (Taken from DOE Feb-March 2010)
Write an essay on the different kinds and characteristics of inflation. [30]
QUESTION 3: 4 minutes (Taken from DOE Nov 2010)
List any THREE characteristics of cost-push inflation. (3 x 2) [6]
QUESTION 4: 5 minutes (Taken from DOE Nov 2010)
Explain hyperinflation and stagflation. [8]
QUESTION 5: 8 minutes (Taken from DOE Feb/Mar 2011)
Study the extract below and answer the questions that follow.
NEW FUEL LEVIES
When sources of state income run dry, governments sometimes need to create special taxes
to cover the shortfall, for example fuel levies.
South Africa's provinces are empowered to a certain extent by the constitution to create their
own revenue streams.
According to the Intergovernmental Fiscal Review 2001, the key objective of provincial taxes
is to improve resource allocation, which will provide additional revenue.
[Adapted: Financial Mail, 11 August 2006]
5.1 What impact will the fuel levies have on inflation? (2 x 2) (4)
5.2 Discuss headline and CPI inflation as types of consumer inflation. (2 x 4) (8)
[12]
3
, GAUTENG DEPARTMENT OF EDUCATION SENIOR SECONDARY IMPROVEMENT PROGRAMME
ECONOMICS GRADE 12 SESSION 12 (LEARNER NOTES)
QUESTION 6: 7 minutes (Taken from DOE Nov 2011)
Study the graph below and answer the questions that follow.
[Source: Internet, February 2011]
6.1 What was the trend of the South African inflation rate since July 2008? (2)
6.2 What will the effect be on domestic tourism if the inflation rate decreases? (3)
6.3 When, according to the graph, were domestic tourists most disadvantaged
by the inflation rate? (2)
6.4 Does the January 2011 inflation rate comply with the inflation target of
South Africa? Give a reason. (3)
[10]
4
GRADE 12
ECONOMICS
LEARNER NOTES
The SSIP is supported by 1
, TABLE OF CONTENTS
LEARNER NOTES
SESSION TOPIC PAGE
12 Inflation 3 - 20
13 Tourism 21 - 34
14 1. The state of the environment 35 - 51
2. Measures to ensure sustainability
15 Consolidation exercises 52 - 58
16 Consolidation exercises 59 - 65
2
,GAUTENG DEPARTMENT OF EDUCATION SENIOR SECONDARY IMPROVEMENT PROGRAMME
ECONOMICS GRADE 12 SESSION 12 (LEARNER NOTES)
SESSION 12
TOPIC 1: KINDS OF INFLATION
Learner Note: Inflation is a sustained and significant increase in the general price level over a
period of time.
SECTION A: TYPICAL EXAM QUESTIONS
QUESTION 1: 10 minutes (Taken from DOE Exemplar 2008)
Discuss the causes of demand-pull inflation. (4 x 4) [16]
QUESTION 2: 18 minutes (Taken from DOE Feb-March 2010)
Write an essay on the different kinds and characteristics of inflation. [30]
QUESTION 3: 4 minutes (Taken from DOE Nov 2010)
List any THREE characteristics of cost-push inflation. (3 x 2) [6]
QUESTION 4: 5 minutes (Taken from DOE Nov 2010)
Explain hyperinflation and stagflation. [8]
QUESTION 5: 8 minutes (Taken from DOE Feb/Mar 2011)
Study the extract below and answer the questions that follow.
NEW FUEL LEVIES
When sources of state income run dry, governments sometimes need to create special taxes
to cover the shortfall, for example fuel levies.
South Africa's provinces are empowered to a certain extent by the constitution to create their
own revenue streams.
According to the Intergovernmental Fiscal Review 2001, the key objective of provincial taxes
is to improve resource allocation, which will provide additional revenue.
[Adapted: Financial Mail, 11 August 2006]
5.1 What impact will the fuel levies have on inflation? (2 x 2) (4)
5.2 Discuss headline and CPI inflation as types of consumer inflation. (2 x 4) (8)
[12]
3
, GAUTENG DEPARTMENT OF EDUCATION SENIOR SECONDARY IMPROVEMENT PROGRAMME
ECONOMICS GRADE 12 SESSION 12 (LEARNER NOTES)
QUESTION 6: 7 minutes (Taken from DOE Nov 2011)
Study the graph below and answer the questions that follow.
[Source: Internet, February 2011]
6.1 What was the trend of the South African inflation rate since July 2008? (2)
6.2 What will the effect be on domestic tourism if the inflation rate decreases? (3)
6.3 When, according to the graph, were domestic tourists most disadvantaged
by the inflation rate? (2)
6.4 Does the January 2011 inflation rate comply with the inflation target of
South Africa? Give a reason. (3)
[10]
4
