Answered

Experience the convenience of getting your questions answered at IDNLearn.com. Find reliable solutions to your questions quickly and easily with help from our experienced experts.

4.1.2 What type of policy is applied through the Treasury to influence the economy? (1)

4.1.3 Briefly describe the term "economic growth." (2)

4.1.4 Why does economic growth not necessarily lead to economic development? (2)

4.1.5 What fiscal measures can be applied to stimulate economic growth in South Africa? (2x2) (4)

Sagot :

GinnyAnsweridn

Final answer:

Fiscal policy influences the economy through taxation and spending. Economic growth is not always indicative of societal development. South Africa can use fiscal measures to boost economic growth.


Explanation:

Fiscal policy is applied through Treasury to influence the economy in various ways. It involves government decisions on taxation, public spending, and debt management to achieve economic goals.

Economic growth is the increase in a country's output of goods and services over time. It is often measured by the percentage change in a country's real GDP.

Economic growth does not necessarily lead to economic development because growth may not always translate into improvements in factors like living standards, income distribution, and quality of life for all individuals in society.

In South Africa, fiscal measures that can be applied to stimulate economic growth include adjusting tax rates, increasing government spending on infrastructure projects, implementing investment incentives, and promoting entrepreneurship through supportive policies.


Learn more about Economic policy and growth here:

https://brainly.com/question/1274560


We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is your go-to source for accurate answers. Thanks for stopping by, and come back for more helpful information.