Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

### LimpopoDoE June 2024
#### Economics/P1
#### SECTION A (COMPULSORY)

### QUESTION 1
30 MARKS - 20 MINUTES

Various options are provided as possible answers to the following questions. Choose the correct answer and write only the letter (A - D) next to the question number (1.1.1 - 1.1.8) in the ANSWER BOOK, e.g., 1.1.9 D.

1.1.1 Labour can be bought and sold in the... market.
- A. goods
- B. factor
- C. financial
- D. consumers

1.1.2 The peak of the business cycle is characterized by a
- A. stable inflation rate.
- B. high unemployment rate.
- C. low input.
- D. high demand for credit.

1.1.3 In South Africa, SABC, ESKOM and SAA are known as...
- A. corporate
- B. enterprises
- C. industries
- D. parastatals

1.1.4 The Medium-term Expenditure Framework (MTEF) is a ...-year forecast of government expenditure and revenue.
- A. three
- B. one
- C. two
- D. four

1.1.5 The deficit rule states that the shortage on the budget should not exceed... of the GDP.
- A. 1%

(Note: The text appears to be cut off here. The answer options for 1.1.5 should ideally be completed if available.)

Sagot :

GinnyAnswer

Final answer:

Labour in the factor market, business cycle peak, SA parastatals, MTEF forecast, deficit rule limit.


Explanation:

Labour can be bought and sold in the factor market.

The peak of the business cycle is characterized by high demand for credit.

In South Africa, SABC, ESKOM, and SAA are known as parastatals.

The Medium-term Expenditure Framework (MTEF) is a three-year forecast of government expenditure and revenue.

The deficit rule states that a shortage on the budget should not exceed 1% of the GDP.


Learn more about Economics concepts here:

https://brainly.com/question/30194723


Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.