The unemployment rate in south africa increased to

2.3 The unemployment rate in South Africa increased to 26,7 per cent in the first
quarter of 2016 from 24,5 per cent in the previous quarter and above market
expectations of 25,3 per cent. It was the highest reading since 2005 as
number of unemployed rose by 10 per cent whereas employment fell
2,2 per cent. If this persists, there will be more people living below poverty
line.
[Source: ]
2.3.1 Define the following terms:
(a)
(b)
Unemployment
Poverty
(2 × 2) (4)
2.3.2 Differentiate between seasonal and structural unemployment.
2.4 Give and explain any THREE methods to measure unemployment in South
Africa. (3 × 3) (9)
2.5 List any THREE methods to reduce poverty. (3 × 2) (6)
(4)
[50]
QUESTION 3
3.1 Choose a description from COLUMN B that matches an item in COLUMN A.
Write only the letter (A–F) next to the number question (3.1.1–3.1.6) in the
ANSWER BOOK.
COLUMN A COLUMN B
3.1.1
3.1.2
3.1.3
3.1.4
3.1.5
3.1.6
Medium of exchange
Durability
Divisibility
Portability
Relative scarcity
Stable value
A
B
C
D
E
F
convenient to handle
no fluctuations in value
goods and services
the medium of exchange should be
available in subsidiary values
it must not diminish in value with
wear and tear
if it is available in large quantities,
the value will drop
(6 × 2) (12)

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3.2 The information given below relates to the South African balance of
payments. Study the table below and answer the questions.
2012
Current account Rands in billions
Merchandise exports, free on board 899 030,00
Net gold exports 181 294,00
Service receipts 340 234,00
Income receipts 201 214,00
Less: Merchandise imports, free on board 976 545,00
Less: Payments for services 216 985,00
Less: Income payments 175 985,00
Current transfers (net receipts +) -98 894,00
Balance on current account 153 363,00
3.2.1 Briefly explain balance of payments . (3)
3.2.2 Calculate the trade balance on the current account.
(22020095) -9- N370 (E) (N28)H
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