Economic Growth and Development (Grade 12 NSC Matric Economics): Quizzes

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Which group does BBBEE specifically target amongst vulnerable populations?

Women

What is the relationship between BEE and BBBEE?

BEE was an earlier policy framework

What three objectives does GEAR aim to achieve?

Growth, employment & redistribution

What two areas does ASGISA particularly emphasise?

Infrastructure & skills enhancement

What is the primary role of the DBSA?

Finance development projects regionally

What is the key distinction between economic growth and economic development?

Quantitative vs qualitative changes

Which institution implements monetary policy in South Africa?

South African Reserve Bank (SARB)

Which institution operates fiscal policy in South Africa?

Department of Finance

What are the four components of aggregate demand?

C, I, X & G

What characterises SMMEs?

Small market share & owner management

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