Quick Revision

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We’ve put together some packs of study cards to help you brush up on key concepts before tests and exams. Use the drop down menus in the search boxes above to select the grade, subject and category of content you want to revise. We’re adding new packs of study cards all the time, so check back if you can’t find what you’re looking for or contact us to make a suggestion.

Grade 12 Economics, Contemporary economic issues

What does the term bracket creep refer to?

Grade 12 Economics, Contemporary economic issues

Bracket creep is the gradual movement into higher tax brackets when incomes increase as a result of inflation.

Grade 12 Economics, Contemporary economic issues

Briefly describe the Rio Declaration on Environment and Development.

Grade 12 Economics, Contemporary economic issues

The Rio Declaration on Environment and Development is a series of principles defining the rights and responsibilities of states with regard to sustainable development.

Grade 12 Economics, Contemporary economic issues

Explain the term stagflation.

Grade 12 Economics, Contemporary economic issues

Stagflation occurs when high inflation and low, no, or negative economic growth are combined. During stagflation unemployment is high and welfare decreases.

Grade 12 Economics, Contemporary economic issues

What are stock pollutants?

Grade 12 Economics, Contemporary economic issues

Stock pollutants are pollutants that accumulate over years in water and on land. They cause serious environmental problems.

Grade 12 Economics, Contemporary economic issues

Define hyperinflation.

Grade 12 Economics, Contemporary economic issues

Hyperinflation occurs when the rate of inflation is very high - over 50% per month. Hyperinflation is also called runaway inflation or galloping inflation.

Grade 12 Economics, Contemporary economic issues

How does tourism benefit the country?

Grade 12 Economics, Contemporary economic issues

Tourism benefits the country by improving the economy. It does this through job creation, the development of infrastructure, increased entrepreneurship, better conservation, more foreign exchange, GDP growth, improved welfare, reduced poverty and increased government revenue.

Grade 12 Economics, Contemporary economic issues

What is ecotourism?

Grade 12 Economics, Contemporary economic issues

Ecotourism is responsible travel that conserves and sustains the environment and the welfare of local people.

Grade 12 Economics, Contemporary economic issues

Explain the term sustainable development.

Grade 12 Economics, Contemporary economic issues

Sustainable development ensures that the use of environmental resources today does not damage prospects for use by future generations.

Grade 12 Economics, Contemporary economic issues

Explain the causes of demand-pull inflation.

Grade 12 Economics, Contemporary economic issues

Demand-pull inflation occurs when the demand for goods and services exceeds the supply. This results in an increase in the prices of goods and services. The increased demand 'pulls up' the prices.

Grade 12 Economics, Contemporary economic issues

Explain the causes of cost-push inflation.

Grade 12 Economics, Contemporary economic issues

Cost-push inflation occurs when a sudden increase in the price and availability of production inputs (such as labour and natural resources) pushes prices up.

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