Objectives of the Public Sector and Its Budgets (Grade 12 NSC Matric Economics): Quizzes
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Practise the questions
10 questions from this quiz
How many main objectives does the South African public sector have?
How many main objectives does the South African public sector have?
Five objectives
Why must economic growth exceed population growth?
Why must economic growth exceed population growth?
To ensure more goods per person
What does full employment mean?
What does full employment mean?
All job seekers can find work
What is the SARB's inflation target range?
What is the SARB's inflation target range?
3% to 6%
When does the government financial year run?
When does the government financial year run?
1 April to 31 March
When is the MTEF delivered?
When is the MTEF delivered?
Last week of October
What percentage of provincial funding goes to education in the equitable share formula?
What percentage of provincial funding goes to education in the equitable share formula?
51%
Why does South Africa use progressive taxation?
Why does South Africa use progressive taxation?
To ensure fair income distribution
What happens when the SARB raises the Repo Rate?
What happens when the SARB raises the Repo Rate?
People spend less money
What was the GEAR strategy designed to achieve?
What was the GEAR strategy designed to achieve?
Create private sector jobs