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Questions and Answers
What is a primary aspect of economic growth?
What is a primary aspect of economic growth?
What is a key characteristic of wealth in economic terms?
What is a key characteristic of wealth in economic terms?
What is the primary source of wealth?
What is the primary source of wealth?
What is used to illustrate the actual distribution of wealth across a population?
What is used to illustrate the actual distribution of wealth across a population?
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What is the range of the Gini Coefficient?
What is the range of the Gini Coefficient?
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What is a factor that can contribute to uneven distribution of wealth?
What is a factor that can contribute to uneven distribution of wealth?
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What is a result of unequal wealth distribution?
What is a result of unequal wealth distribution?
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What is a characteristic of the Gini Coefficient?
What is a characteristic of the Gini Coefficient?
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What is a factor that can provide certain individuals with a financial head start?
What is a factor that can provide certain individuals with a financial head start?
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What is a consequence of structural inequality and personal health?
What is a consequence of structural inequality and personal health?
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What is the primary goal of methods of wealth redistribution?
What is the primary goal of methods of wealth redistribution?
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What is economic growth measured in?
What is economic growth measured in?
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What is the definition of standard of living?
What is the definition of standard of living?
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What is the primary difference between economic growth and economic development?
What is the primary difference between economic growth and economic development?
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What is the purpose of resource improvement in economic development?
What is the purpose of resource improvement in economic development?
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What is a common characteristic of developing countries?
What is a common characteristic of developing countries?
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What is the Human Development Index (HDI) used for?
What is the Human Development Index (HDI) used for?
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What is an example of a strategy for economic development?
What is an example of a strategy for economic development?
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What is the purpose of promoting entrepreneurship in economic development?
What is the purpose of promoting entrepreneurship in economic development?
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What is the impact of economic growth on standard of living?
What is the impact of economic growth on standard of living?
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What is the primary goal of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?
What is the primary goal of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?
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What is the main characteristic of Indigenous Knowledge Systems (IKS)?
What is the main characteristic of Indigenous Knowledge Systems (IKS)?
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What is the definition of absolute poverty according to the World Bank?
What is the definition of absolute poverty according to the World Bank?
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What is the purpose of the poverty line income?
What is the purpose of the poverty line income?
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What is a key characteristic of money in an economy?
What is a key characteristic of money in an economy?
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What is the primary function of money as a medium of exchange?
What is the primary function of money as a medium of exchange?
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What is the main goal of the Millennium Development Goals (MDG)?
What is the main goal of the Millennium Development Goals (MDG)?
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What is the main characteristic of relative poverty?
What is the main characteristic of relative poverty?
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What is the purpose of the headcount index in measuring poverty?
What is the purpose of the headcount index in measuring poverty?
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What is the main goal of the Reconstruction and Development Programme (RDP) in South Africa?
What is the main goal of the Reconstruction and Development Programme (RDP) in South Africa?
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What is an example of commodity money?
What is an example of commodity money?
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What is the primary function of the South African Reserve Bank (SARB)?
What is the primary function of the South African Reserve Bank (SARB)?
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What is the result of credit creation by banks?
What is the result of credit creation by banks?
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What is the purpose of micro-lending?
What is the purpose of micro-lending?
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What is a consequence of bank failures?
What is a consequence of bank failures?
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What is the role of reserve requirements in monetary policy?
What is the role of reserve requirements in monetary policy?
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What is the term for digital or paper representations of money?
What is the term for digital or paper representations of money?
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What is the main purpose of monetary policy?
What is the main purpose of monetary policy?
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What is the role of the South African Reserve Bank (SARB) in relation to the government?
What is the role of the South African Reserve Bank (SARB) in relation to the government?
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What is the consequence of a lack of stability in the banking system?
What is the consequence of a lack of stability in the banking system?
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What is closely tied to the standard of living?
What is closely tied to the standard of living?
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What is a characteristic of wealth in economic terms?
What is a characteristic of wealth in economic terms?
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What is used to measure wealth inequality?
What is used to measure wealth inequality?
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What can result from unequal wealth distribution?
What can result from unequal wealth distribution?
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What is a source of wealth?
What is a source of wealth?
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What is the range of the Gini Coefficient?
What is the range of the Gini Coefficient?
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What can provide certain individuals with a financial head start?
What can provide certain individuals with a financial head start?
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What can impact economic opportunities?
What can impact economic opportunities?
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What is a common aspect of economic systems that can favor certain groups?
What is a common aspect of economic systems that can favor certain groups?
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What is a natural variation that contributes to economic disparity?
What is a natural variation that contributes to economic disparity?
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What is the primary goal of methods of wealth redistribution?
What is the primary goal of methods of wealth redistribution?
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Which of the following is a factor that influences economic growth?
Which of the following is a factor that influences economic growth?
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What is a characteristic of developing countries?
What is a characteristic of developing countries?
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What type of money is backed by a physical commodity?
What type of money is backed by a physical commodity?
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What is the purpose of reserve requirements in monetary policy?
What is the purpose of reserve requirements in monetary policy?
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What is the purpose of the Human Development Index (HDI)?
What is the purpose of the Human Development Index (HDI)?
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What is the primary goal of micro-lending?
What is the primary goal of micro-lending?
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Which of the following is a strategy for economic development?
Which of the following is a strategy for economic development?
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What is the primary difference between economic growth and economic development?
What is the primary difference between economic growth and economic development?
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What is the role of the South African Reserve Bank (SARB) in relation to the government?
What is the role of the South African Reserve Bank (SARB) in relation to the government?
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What is the role of capital investment in economic growth?
What is the role of capital investment in economic growth?
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What is the consequence of a lack of stability in the banking system?
What is the consequence of a lack of stability in the banking system?
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What is the main purpose of monetary policy?
What is the main purpose of monetary policy?
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What is a factor that determines standard of living?
What is a factor that determines standard of living?
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What is the purpose of promoting entrepreneurship in economic development?
What is the purpose of promoting entrepreneurship in economic development?
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What is the result of credit creation by banks?
What is the result of credit creation by banks?
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What is the relationship between economic growth and standard of living?
What is the relationship between economic growth and standard of living?
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What type of bank deposit is available on-demand?
What type of bank deposit is available on-demand?
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What is the primary function of the South African Reserve Bank (SARB)?
What is the primary function of the South African Reserve Bank (SARB)?
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What is the primary aim of South Africa's Growth, Employment, and Redistribution Policy (GEAR)?
What is the primary aim of South Africa's Growth, Employment, and Redistribution Policy (GEAR)?
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What is the term for digital or paper representations of money?
What is the term for digital or paper representations of money?
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What is the characteristic of Indigenous Knowledge Systems (IKS) that makes them valuable for addressing local health care needs?
What is the characteristic of Indigenous Knowledge Systems (IKS) that makes them valuable for addressing local health care needs?
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What is the definition of poverty according to the World Bank?
What is the definition of poverty according to the World Bank?
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What is the purpose of the poverty line income?
What is the purpose of the poverty line income?
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What is a characteristic of money in an economy?
What is a characteristic of money in an economy?
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What is the primary goal of the Millennium Development Goals (MDG)?
What is the primary goal of the Millennium Development Goals (MDG)?
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What is the main characteristic of relative poverty?
What is the main characteristic of relative poverty?
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What is the purpose of the headcount index in measuring poverty?
What is the purpose of the headcount index in measuring poverty?
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What is the primary goal of the Reconstruction and Development Programme (RDP) in South Africa?
What is the primary goal of the Reconstruction and Development Programme (RDP) in South Africa?
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What is a characteristic of money that makes it a store of value?
What is a characteristic of money that makes it a store of value?
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What is the primary goal of economic growth?
What is the primary goal of economic growth?
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What is the primary source of wealth creation?
What is the primary source of wealth creation?
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What is the purpose of the Lorenz Curve?
What is the purpose of the Lorenz Curve?
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What is the primary objective of South Africa's Accelerated Shared Growth Initiative for South Africa (ASGISA)?
What is the primary objective of South Africa's Accelerated Shared Growth Initiative for South Africa (ASGISA)?
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What is a characteristic of the Gini Coefficient?
What is a characteristic of the Gini Coefficient?
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What is a natural variation that contributes to economic disparity?
What is a natural variation that contributes to economic disparity?
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What is the significance of Indigenous Knowledge Systems (IKS) in South Africa?
What is the significance of Indigenous Knowledge Systems (IKS) in South Africa?
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What is the definition of poverty according to the World Bank?
What is the definition of poverty according to the World Bank?
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What is a result of economic growth?
What is a result of economic growth?
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What is the characteristic of money that makes it a store of value?
What is the characteristic of money that makes it a store of value?
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What is a characteristic of wealth in economic terms?
What is a characteristic of wealth in economic terms?
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What is the primary goal of the Millennium Development Goals (MDG)?
What is the primary goal of the Millennium Development Goals (MDG)?
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What is a factor that can impact economic opportunities?
What is a factor that can impact economic opportunities?
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What is a common aspect of economic systems that can favor certain groups?
What is a common aspect of economic systems that can favor certain groups?
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What is the primary function of money as a medium of exchange?
What is the primary function of money as a medium of exchange?
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What is the purpose of the Reconstruction and Development Programme (RDP) in South Africa?
What is the purpose of the Reconstruction and Development Programme (RDP) in South Africa?
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What is a consequence of unequal wealth distribution?
What is a consequence of unequal wealth distribution?
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What is an example of fiat money?
What is an example of fiat money?
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What is a characteristic of relative poverty?
What is a characteristic of relative poverty?
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What is the purpose of the headcount index in measuring poverty?
What is the purpose of the headcount index in measuring poverty?
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What is the primary purpose of micro-lending?
What is the primary purpose of micro-lending?
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What is a key function of the South African Reserve Bank (SARB)?
What is a key function of the South African Reserve Bank (SARB)?
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What is the primary goal of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?
What is the primary goal of the Growth, Employment, and Redistribution Policy (GEAR) in South Africa?
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What is a consequence of bank failures?
What is a consequence of bank failures?
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What is the term for digital or paper representations of money?
What is the term for digital or paper representations of money?
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What is a monetary policy tool used by the SARB?
What is a monetary policy tool used by the SARB?
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What is the primary goal of monetary policy?
What is the primary goal of monetary policy?
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What is a type of bank deposit?
What is a type of bank deposit?
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What is a consequence of a lack of stability in the banking system?
What is a consequence of a lack of stability in the banking system?
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What is a role of the SARB in relation to commercial banks?
What is a role of the SARB in relation to commercial banks?
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What is the primary goal of economic development?
What is the primary goal of economic development?
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What is the main difference between economic growth and economic development?
What is the main difference between economic growth and economic development?
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Which of the following is a factor that influences economic growth?
Which of the following is a factor that influences economic growth?
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What is the purpose of the Human Development Index (HDI)?
What is the purpose of the Human Development Index (HDI)?
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What is the primary goal of modernization of agriculture in economic development?
What is the primary goal of modernization of agriculture in economic development?
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What is a common characteristic of developing countries?
What is a common characteristic of developing countries?
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What is the primary purpose of promoting entrepreneurship in economic development?
What is the primary purpose of promoting entrepreneurship in economic development?
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What is the relationship between economic growth and standard of living?
What is the relationship between economic growth and standard of living?
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What is the purpose of capital investment in economic development?
What is the purpose of capital investment in economic development?
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What is the primary difference between nominal and real terms in measuring economic growth?
What is the primary difference between nominal and real terms in measuring economic growth?
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Which of the following is NOT a characteristic of wealth in economic terms?
Which of the following is NOT a characteristic of wealth in economic terms?
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What is the primary purpose of measuring wealth inequality?
What is the primary purpose of measuring wealth inequality?
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Which of the following factors does NOT contribute to uneven distribution of wealth?
Which of the following factors does NOT contribute to uneven distribution of wealth?
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What is the relationship between economic growth and standard of living?
What is the relationship between economic growth and standard of living?
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What is the primary source of wealth creation?
What is the primary source of wealth creation?
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What is the purpose of the Gini Coefficient?
What is the purpose of the Gini Coefficient?
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Which of the following is a consequence of unequal wealth distribution?
Which of the following is a consequence of unequal wealth distribution?
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What is the primary goal of measuring economic growth?
What is the primary goal of measuring economic growth?
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Which of the following is NOT a characteristic of the Lorenz Curve?
Which of the following is NOT a characteristic of the Lorenz Curve?
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What is the relationship between economic growth and wealth creation?
What is the relationship between economic growth and wealth creation?
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What is the primary difference between economic growth and economic development in terms of standard of living?
What is the primary difference between economic growth and economic development in terms of standard of living?
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What is the primary role of capital investment in economic development?
What is the primary role of capital investment in economic development?
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What type of money is government-issued but not backed by a physical commodity?
What type of money is government-issued but not backed by a physical commodity?
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Which of the following is a limitation of using per capita GDP to measure standard of living?
Which of the following is a limitation of using per capita GDP to measure standard of living?
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What is the primary purpose of labor quality improvement in economic development?
What is the primary purpose of labor quality improvement in economic development?
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What is the primary function of a central bank in relation to the government?
What is the primary function of a central bank in relation to the government?
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Which of the following is a characteristic of developing countries?
Which of the following is a characteristic of developing countries?
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What is a consequence of bank failures?
What is a consequence of bank failures?
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What is the purpose of micro-lending?
What is the purpose of micro-lending?
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What is the primary goal of resource improvement in economic development?
What is the primary goal of resource improvement in economic development?
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What is a result of credit creation by banks?
What is a result of credit creation by banks?
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What is the primary purpose of the Human Development Index (HDI)?
What is the primary purpose of the Human Development Index (HDI)?
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Which of the following is a consequence of high population growth rates in developing countries?
Which of the following is a consequence of high population growth rates in developing countries?
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What is the term for the process by which banks extend loans exceeding their cash reserves?
What is the term for the process by which banks extend loans exceeding their cash reserves?
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What is the primary goal of monetary policy?
What is the primary goal of monetary policy?
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What is the primary role of government policies in economic development?
What is the primary role of government policies in economic development?
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Which of the following is a strategy for economic development?
Which of the following is a strategy for economic development?
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What is the role of reserve requirements in monetary policy?
What is the role of reserve requirements in monetary policy?
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What is a characteristic of a stable banking system?
What is a characteristic of a stable banking system?
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What is the term for digital or paper representations of money?
What is the term for digital or paper representations of money?
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What is the primary objective of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
What is the primary objective of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
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What is the key characteristic of Indigenous Knowledge Systems (IKS)?
What is the key characteristic of Indigenous Knowledge Systems (IKS)?
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What is the primary function of money as a store of value?
What is the primary function of money as a store of value?
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What is the main goal of the Millennium Development Goals (MDG)?
What is the main goal of the Millennium Development Goals (MDG)?
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What is the primary characteristic of relative poverty?
What is the primary characteristic of relative poverty?
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What is the purpose of the poverty line income?
What is the purpose of the poverty line income?
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What is the primary goal of the Reconstruction and Development Programme (RDP)?
What is the primary goal of the Reconstruction and Development Programme (RDP)?
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What is the primary function of the South African Reserve Bank (SARB)?
What is the primary function of the South African Reserve Bank (SARB)?
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What is the result of credit creation by banks?
What is the result of credit creation by banks?
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What is the primary goal of the Growth, Employment, and Redistribution Policy (GEAR)?
What is the primary goal of the Growth, Employment, and Redistribution Policy (GEAR)?
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What is the primary reason why economic growth is closely tied to the standard of living?
What is the primary reason why economic growth is closely tied to the standard of living?
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What is the main advantage of using the Gini Coefficient to measure wealth inequality?
What is the main advantage of using the Gini Coefficient to measure wealth inequality?
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What is a potential consequence of inheritance as a source of wealth?
What is a potential consequence of inheritance as a source of wealth?
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What is the primary difference between wealth creation and economic growth?
What is the primary difference between wealth creation and economic growth?
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What is a potential reason why certain economic systems may inherently favor certain groups?
What is a potential reason why certain economic systems may inherently favor certain groups?
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What is a potential consequence of discrimination and health disparities on economic opportunities?
What is a potential consequence of discrimination and health disparities on economic opportunities?
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What is a characteristic of wealth distribution across nations?
What is a characteristic of wealth distribution across nations?
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What is the primary purpose of measuring wealth inequality?
What is the primary purpose of measuring wealth inequality?
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What is a significant challenge that South Africa faces in its development endeavors?
What is a significant challenge that South Africa faces in its development endeavors?
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What is a natural variation that contributes to economic disparity?
What is a natural variation that contributes to economic disparity?
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What is the relationship between wealth creation and economic growth?
What is the relationship between wealth creation and economic growth?
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What is a key characteristic of Indigenous Knowledge Systems (IKS)?
What is a key characteristic of Indigenous Knowledge Systems (IKS)?
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What is the main difference between absolute and relative poverty?
What is the main difference between absolute and relative poverty?
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What is the primary function of money as a medium of exchange?
What is the primary function of money as a medium of exchange?
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What is the main goal of the Millennium Development Goals (MDG)?
What is the main goal of the Millennium Development Goals (MDG)?
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What is the primary purpose of the poverty line income?
What is the primary purpose of the poverty line income?
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What is a key characteristic of the South African economy?
What is a key characteristic of the South African economy?
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What is the primary goal of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
What is the primary goal of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
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What is the primary function of the Growth, Employment, and Redistribution Policy (GEAR)?
What is the primary function of the Growth, Employment, and Redistribution Policy (GEAR)?
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What is a primary factor that differentiates economic development from economic growth?
What is a primary factor that differentiates economic development from economic growth?
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Which of the following is a characteristic of a developing country?
Which of the following is a characteristic of a developing country?
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What is the primary goal of promoting entrepreneurship in economic development?
What is the primary goal of promoting entrepreneurship in economic development?
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What is the Human Development Index (HDI) used to measure?
What is the Human Development Index (HDI) used to measure?
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What is the primary difference between economic growth and economic development in terms of standard of living?
What is the primary difference between economic growth and economic development in terms of standard of living?
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Which of the following is a factor that influences economic growth?
Which of the following is a factor that influences economic growth?
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What is the primary goal of resource improvement in economic development?
What is the primary goal of resource improvement in economic development?
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What is the primary characteristic of economic development in terms of standard of living?
What is the primary characteristic of economic development in terms of standard of living?
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Which of the following strategies is effective in fostering economic development?
Which of the following strategies is effective in fostering economic development?
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What is the primary impact of economic growth on standard of living?
What is the primary impact of economic growth on standard of living?
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What is the primary characteristic of fiat money?
What is the primary characteristic of fiat money?
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What is the primary function of credit creation in banking?
What is the primary function of credit creation in banking?
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What is the primary purpose of micro-lending?
What is the primary purpose of micro-lending?
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What is the primary role of the South African Reserve Bank (SARB) in relation to the government?
What is the primary role of the South African Reserve Bank (SARB) in relation to the government?
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What is the consequence of a lack of stability in the banking system?
What is the consequence of a lack of stability in the banking system?
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What is the primary goal of monetary policy?
What is the primary goal of monetary policy?
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What is the role of reserve requirements in monetary policy?
What is the role of reserve requirements in monetary policy?
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What is the term for digital or paper representations of money?
What is the term for digital or paper representations of money?
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What is the primary consequence of bank failures?
What is the primary consequence of bank failures?
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What is the primary function of the repo rate in monetary policy?
What is the primary function of the repo rate in monetary policy?
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What is the primary goal of methods of wealth redistribution?
What is the primary goal of methods of wealth redistribution?
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What is measured in nominal terms and real terms?
What is measured in nominal terms and real terms?
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What is a factor that influences economic growth?
What is a factor that influences economic growth?
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What is the Human Development Index (HDI) used for?
What is the Human Development Index (HDI) used for?
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What is a characteristic of developing countries?
What is a characteristic of developing countries?
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What is a strategy for economic development?
What is a strategy for economic development?
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What is the primary goal of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
What is the primary goal of the Accelerated Shared Growth Initiative for South Africa (ASGISA)?
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What is the impact of economic growth on standard of living?
What is the impact of economic growth on standard of living?
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What is a characteristic of Indigenous Knowledge Systems (IKS)?
What is a characteristic of Indigenous Knowledge Systems (IKS)?
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What is the purpose of promoting entrepreneurship in economic development?
What is the purpose of promoting entrepreneurship in economic development?
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What is the difference between economic growth and economic development?
What is the difference between economic growth and economic development?
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What is the purpose of the poverty line income?
What is the purpose of the poverty line income?
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What is a function of money as a medium of exchange?
What is a function of money as a medium of exchange?
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What is a factor that determines standard of living?
What is a factor that determines standard of living?
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What is a characteristic of relative poverty?
What is a characteristic of relative poverty?
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What is the main goal of the Millennium Development Goals (MDG)?
What is the main goal of the Millennium Development Goals (MDG)?
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What is the Reconstruction and Development Programme (RDP) focused on?
What is the Reconstruction and Development Programme (RDP) focused on?
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What is a cause of poverty?
What is a cause of poverty?
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What is an effect of poverty?
What is an effect of poverty?
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What is the Growth, Employment, and Redistribution Policy (GEAR) aimed at?
What is the Growth, Employment, and Redistribution Policy (GEAR) aimed at?
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What is the primary characteristic of fiat money?
What is the primary characteristic of fiat money?
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What is the main purpose of credit creation by banks?
What is the main purpose of credit creation by banks?
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What is the primary goal of micro-lending?
What is the primary goal of micro-lending?
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What is the role of the South African Reserve Bank (SARB) in relation to the government?
What is the role of the South African Reserve Bank (SARB) in relation to the government?
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What is the consequence of a lack of stability in the banking system?
What is the consequence of a lack of stability in the banking system?
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What is the primary function of the repo rate in monetary policy?
What is the primary function of the repo rate in monetary policy?
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What is the main goal of the South African Reserve Bank (SARB) in terms of monetary policy?
What is the main goal of the South African Reserve Bank (SARB) in terms of monetary policy?
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What is the main characteristic of demand deposits?
What is the main characteristic of demand deposits?
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What is the primary role of the South African Reserve Bank (SARB) in terms of currency management?
What is the primary role of the South African Reserve Bank (SARB) in terms of currency management?
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What is the consequence of bank failures?
What is the consequence of bank failures?
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What is the primary purpose of measuring the distribution of wealth?
What is the primary purpose of measuring the distribution of wealth?
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Which of the following is NOT a characteristic of wealth in economic terms?
Which of the following is NOT a characteristic of wealth in economic terms?
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What is the main advantage of the Gini Coefficient in measuring wealth inequality?
What is the main advantage of the Gini Coefficient in measuring wealth inequality?
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Which of the following can be a consequence of economic systems that favor certain groups?
Which of the following can be a consequence of economic systems that favor certain groups?
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What is the primary difference between economic growth and economic development?
What is the primary difference between economic growth and economic development?
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Which of the following is a natural variation that contributes to economic disparity?
Which of the following is a natural variation that contributes to economic disparity?
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What is the primary source of wealth?
What is the primary source of wealth?
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Which of the following can result from unequal distribution of wealth?
Which of the following can result from unequal distribution of wealth?
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What is the primary goal of measuring economic growth?
What is the primary goal of measuring economic growth?
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Which of the following is a factor that can provide certain individuals with a financial head start?
Which of the following is a factor that can provide certain individuals with a financial head start?
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