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

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

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION ONE Consider 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 a huge expenditure of public funds, we would not alone be able to guarantee employment to the millons of 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 the lives of our people". Adapted from: https://www.gov.za/speeches/president-cynl-ramaphosa-2020-state-nation-address-13- feb-2020-0000 Accessed: 22/02/2020 Using the South African SONA 2020 as a referenc, discuss examples of the different ways that the South African government intervenes in the economy.
Transcribed Image Text:QUESTION ONE Consider 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 a huge expenditure of public funds, we would not alone be able to guarantee employment to the millons of 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 the lives of our people". Adapted from: https://www.gov.za/speeches/president-cynl-ramaphosa-2020-state-nation-address-13- feb-2020-0000 Accessed: 22/02/2020 Using the South African SONA 2020 as a referenc, discuss examples of the different ways that the South African government intervenes in the economy.
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