South Africa Economic and Social Indicators Questions and Answers

Activity 1
Choose the correct word between brackets:

1. The key rate of interest in SA is the (repo/exchange) rate. (2)
2. The growth performance of a country is measured in terms of the (per capita real GDP/increase in the real GDP). (2)
3. The economically active population is the labour force between 15 and (55/65) years of age. (2)
4. The index used to determine the prices of inputs is called the (consumer/producer) price index. (2)
5. Social indicators are concerned with people, such as education and (corruption/health). (2)
   [10]

Activity 2
Give ONE answer for each of the following:

1. An international bank established to promote economic recovery and development (2)
2. Used to establish the performance of the economy in terms of basic economic objectives of growth, price stability, exchange rate stability and full employment (2)
3. It is depicted in the Lorenz curve and shows the distribution of income (2)
4. The price of one country’s currency in terms of another country’s currency (2)
5. Ratio of export and import prices (2)
   [10]

Activity 3
Distinguish in tabular form between the Consumer Price Index and the Producer Price Index. (2 × 4) [8]

Answers to activity 3