Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2017 - Paper 1
Question 1
Various options are provided as possible answers to the following questions. Choose the answer and write the letter (A–D) next to the question number in the ANSWER B... show full transcript
Worked Solution & Example Answer:Various options are provided as possible answers to the following questions - NSC Consumer Studies - Question 1 - 2017 - Paper 1
Step 1
1.1.1 To measure use to determine the increase in price as well as to calculate the inflation rate is...
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Answer
The correct answer is C - Consumer Price Index. The Consumer Price Index (CPI) measures changes over time in the general price level of goods and services purchased by households, thus determining inflation.
Step 2
1.1.2 A false or fraudulent business practice is called:
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Answer
The correct answer is A - Scam. A scam is a scheme to defraud someone, often involving deception and exploitation.
Step 3
1.1.3 Tax paid for selling a house is known as...
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Answer
The correct answer is B - Capital gains tax. This tax is levied on the profit from the sale of a property.
Step 4
1.1.4 The condition in which the blood glucose level drops abnormally low:
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Answer
The correct answer is A - Hypoglycemia. This condition occurs when blood glucose drops below normal levels.
Step 5
1.1.5 Lactose intolerance develops when the body cannot digest the item... in milk.
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Answer
The correct answer is B - Lactose. Lactose is the sugar found in milk, and intolerance means the body lacks the enzyme needed to break it down.
Step 6
1.1.6 Which would be the best boost for the immune system for a person who is very healthy?
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Answer
The correct answer is A - Orange juice. Rich in Vitamin C, which is known to enhance immune function.
Step 7
1.1.7 The combination of foods that contribute to high cholesterol levels:
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Answer
The correct answer is A - Butter and fried foods. These foods contain high levels of saturated fats that can raise cholesterol levels.
Step 8
1.1.8 Brand piracy is...
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Answer
The correct answer is A - Unauthorized use of protected trade names. This refers to the copying of well-known brands without permission.
Step 9
1.1.9 "Sportswear has become street wear". This statement refers to a...
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Answer
The correct answer is B - Influence in fashion. It highlights how sportswear influences everyday clothing choices.
Step 10
1.1.10 A sales agreement is a contract between a...
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Answer
The correct answer is A - Buyer and seller. This formalizes the transaction between the entities involved.
Step 11
1.1.11 The money you borrow from a bank to buy a home is...
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Answer
The correct answer is A - Loan. This is the amount financed to purchase a property.
Step 12
1.1.12 The monthly bond repayment should be between... of the homeowner's monthly income.
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Answer
The correct answer is A - 20% - 30%. Financial advisors typically recommend that housing costs be within this range.
Step 13
1.1.13 The document that proves legal ownership of a property is...
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Answer
The correct answer is A - Title Deed. This document officially validates ownership of real estate.
