Demand-Side Approach and Supply-Side Approach (Grade 12 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does economic growth measure?
What does economic growth measure?
Increase in real GDP over time
What does economic development focus on?
What does economic development focus on?
Living standards, self-respect & freedom
Which components make up aggregate demand in the demand-side approach?
Which components make up aggregate demand in the demand-side approach?
C, I, X, G
What is SARB's primary goal in monetary policy?
What is SARB's primary goal in monetary policy?
Maintaining price stability
When should SARB lower interest rates?
When should SARB lower interest rates?
To encourage economic activity
How does progressive personal income tax work?
How does progressive personal income tax work?
Higher earners pay higher tax rates
Which are examples of cash benefits provided by government?
Which are examples of cash benefits provided by government?
Old age pensions and child support grants
What are benefits in kind (natura benefits)?
What are benefits in kind (natura benefits)?
Free or subsidised healthcare & education
What does the supply-side approach focus on?
What does the supply-side approach focus on?
Production capacity and efficiency
Which areas do South African supply-side policies target?
Which areas do South African supply-side policies target?
Market equity and reducing business costs