QUESTION ONEConsider the following extract and answer the question that follows.In his 2020 State of the Nation Address (SONA), president of South Africa humbly noted that."Even if we (the government) were to marshal every single resource at our disposal, and engage on ahuge expenditure of public funds, we would not alone be able to guarantee employment to the millonsof people who are out of wark".and that"Without growth there will be no jobs, and without jobs there will be no meaningful improvement in thelives of our people".Adapted from: https://www.gov.za/speeches/president-cynl-ramaphosa-2020-state-nation-address-13-feb-2020-0000Accessed: 22/02/2020Using the South African SONA 2020 as a referenc, discuss examples of the different ways that the SouthAfrican government intervenes in the economy.

South african intervenes in the economy by initiating subsidies and taxes. Due to subsidies…

Answered: peeches/president-cynl-ramaphosa-2020-s…

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peeches/president-cynl-ramaphosa-2020-state-nation-address-13-

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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