60 Questions
What is the primary focus of the Reconstruction and Development Programme (RDP)?
Meeting basic needs
What is the aim of the Growth, Employment and Redistribution (GEAR) approach?
Market-led growth
What is the target of the Accelerated and Shared Growth Initiative of South Africa (Asgi-SA)?
Halving unemployment and poverty
What is the primary focus of the New Growth Path (NGP)?
Job creation
What is the North/South Divide characterized by?
Disparity in income levels
What is the Human Development Index (HDI) used to measure?
Standard of living
What approach do South African policies incorporate?
Both demand-side and supply-side approaches
What is the primary focus of evaluating South African approaches?
Effectiveness in reducing poverty, inequality, and unemployment, and impact on overall economic growth
What is the primary goal of the Reconstruction and Development Programme (RDP)?
All of the above
What is the common characteristic of the North/South Divide?
Disparity in income levels
What does economic growth refer to?
An increase in a country's real GDP or real GDP per capita over time
What is the main focus of the demand-side approach to economic growth?
Increasing government expenditure to stimulate economic activity
What is the objective of import substitution?
To encourage the production of goods domestically that would otherwise be imported
What is the main objective of export promotion?
To support domestic industries to increase their exports
What is the focus of the supply-side approach to economic growth?
Improving the quality of the labor force and managing natural resources
What is the role of entrepreneurship in economic growth?
To encourage entrepreneurs to discover and exploit new business opportunities
What is the difference between economic growth and economic development?
Economic development is a broader concept that includes economic growth
What is the main objective of redistribution of income policies?
To redistribute income to enhance consumption among lower-income earners
What is the objective of accumulating capital goods?
To invest in infrastructure and technology to enhance production capacity
What is the role of advancements in technology in economic growth?
To emphasize innovation and technological advancement to improve productivity and competitiveness
Which of the following South African approaches emphasizes democratizing state and society?
RDP
What is the main determinant of the standard of living in the North/South Divide?
Human Development Index (HDI)
What is the primary goal of evaluations of South African approaches?
Reducing poverty and inequality
Which of the following approaches is characterized by market-led growth?
GEAR
What is the primary objective of the Accelerated and Shared Growth Initiative of South Africa (Asgi-SA)?
Improving average economic growth
What is the common characteristic of the economic and human divides in the North/South Divide?
Significant disparities
Which of the following approaches focuses on identifying job drivers?
NGP
What is the primary focus of the Reconstruction and Development Programme (RDP)?
Meeting basic needs
What is the primary characteristic of South African policies?
Both demand-side and supply-side approaches
What is the primary outcome of the North/South Divide?
Stark differences in living standards
What is the primary objective of economic development?
Improvement in standards of living and income equity
Which of the following is a demand-side approach to economic growth?
Increased government expenditure
What is the primary goal of import substitution?
To retain economic benefits within the country
What is the role of education and training in economic growth?
To improve the quality of the labor force
What is the primary objective of export promotion?
To support domestic industries and increase exports
What is the primary focus of the supply-side approach to economic growth?
Improving the production capacity and productivity
What is the role of natural resources in economic growth?
To manage and use natural resources efficiently
What is the primary goal of accumulating capital goods?
To invest in infrastructure and technology
What is the role of advancements in technology in economic growth?
To improve productivity and competitiveness
What is the primary objective of redistribution of income policies?
To enhance consumption among lower-income earners
Which of the following strategies is most likely to lead to an increase in a country's real GDP per capita?
Increasing investments in education and training to enhance productivity
What is the primary difference between economic growth and economic development?
Economic growth focuses on GDP growth, while economic development focuses on income inequality and general well-being
Which of the following approaches to economic growth is most likely to lead to increased income inequality?
Demand-side approach, focusing on increasing government expenditure
Which of the following approaches is most likely to prioritize economic restructuring over short-term job creation?
Growth, Employment and Redistribution (GEAR)
What is the primary goal of entrepreneurship in the context of economic growth?
To discover and exploit new business opportunities, integrating various production factors
What is the primary difference between the economic and human divides in the North/South Divide?
Standard of living
Which of the following is a characteristic of the North/South Divide?
Income inequality between countries
Which of the following approaches is most likely to prioritize democratizing state and society?
Reconstruction and Development Programme (RDP)
What is the primary objective of import substitution?
To encourage domestic production of goods that would otherwise be imported
What is the primary goal of evaluations of South African approaches?
Reducing poverty and inequality
Which of the following approaches to economic growth is most likely to lead to sustainable income redistribution?
Demand-side approach, focusing on redistributing income to enhance consumption among lower-income earners
What is the primary role of advancements in technology in economic growth?
To improve productivity and competitiveness
Which of the following is a characteristic of both the economic and human divides in the North/South Divide?
All of the above
Which of the following strategies is most likely to lead to increased economic benefits within the country?
Encouraging domestic production of goods that would otherwise be imported
What is the primary focus of the New Growth Path (NGP) approach?
Job creation and identifying job drivers
What is the primary goal of managing and using natural resources in the context of economic growth?
To ensure efficient and sustainable management of natural resources
Which of the following approaches incorporates both demand-side and supply-side approaches?
South African policies
What is the primary goal of the Accelerated and Shared Growth Initiative of South Africa (Asgi-SA) approach?
Halving unemployment and poverty
What is the primary characteristic of the Human Development Index (HDI)?
Measures standard of living
Which of the following approaches is most likely to prioritize building the economy?
Reconstruction and Development Programme (RDP)
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