economics

Changes in technology will lead to a … business cycle.

• demand-driven

• supply-driven

• political

• inflation

Parastatals are business entities of a … sector.

• commercial

• private

• public

• sector

Taxes and subsidies are taken into account when calculating

GDP at basic prices

• exports

• commodities

• production

• imports

List any THREE examples of eco-tourism in South Africa.

• forest

• economy

• bussiness cycle

List any THREE methods that can be used to promote import

substitution.

• Gdp

• market price

• economy

• subsidies

List THREE ways in which the government can use tax revenue to

reduce the unequal distribution of income.

• low income

• regulation

• money market

• Transferring income directly to poor households e.g. grants 􀀳􀀳old age

list TWO arguments in favour of free trade.

• employment,tax

• economy,subsidies

• cycle,monopoly

• choice,innovation

Give THREE reasons for the growth in international tourism

• Increase in disposable income

• Equal

• Cheaper flights

• Improvement in the tourism infrastructure

Deflation is defined as a decline in the …

• price of certain products.

• general price level.

  .

• gross domestic product

• innovation

Discuss the trend line in the forecasting of business cycles.

• A fall in bussiness cycle

• rise in income

• fall in taxes

• fall in gdp