Politics and economics are set to collide over welfare payments in the world’s most unequal nation. The first clue over which will prevail may come in South African President Cyril Ramaphosa’s State-Of-TheNation address on Thursday. Record unemployment and deepening poverty has fuelled calls for the government to move toward a basic income grant, which would be the biggest of its kind globally, or to at least extend a temporary stipend of 350 rand ($23) a month paid to the unemployed during the pandemic permanent at that level or slightly higher. That measure added 10.3-million people to the welfare net. The theoretical argument in support for a Basic Income Grant, is based in which of the following government objectives? a) Full employment b) Balance of payments stability c) Redistribution of income d) Economic growth 1.5 Suppose that the South African Economy is in a recession, the policy response in the extract above would be inline with which of the following schools of economic thought? a) Keynesian theory b) Classical theorists c) Marxists economics d) Monetary economics 1.6 In the Simple Keynesian Macroeconomic Model, which of the following will determine the level of autonomous spending by South African households? a) The level of economic growth b) The level of risk and or uncertainty c) The level of the interest rate d) Savings and or credit
Politics and economics are set to collide over welfare payments in the world’s most
unequal nation.
The first clue over which will prevail may come in South African President Cyril Ramaphosa’s State-Of-TheNation address on Thursday.
Record
income grant, which would be the biggest of its kind globally, or to at least extend a temporary stipend of 350
rand ($23) a month paid to the unemployed during the pandemic permanent at that level or slightly higher. That
measure added 10.3-million people to the welfare net.
The theoretical argument in support for a Basic Income Grant, is based in which of the following government
objectives?
a) Full employment
b) Balance of payments stability
c) Redistribution of income
d)
1.5 Suppose that the South African Economy is in a recession, the policy response in the extract above would
be inline with which of the following schools of economic thought?
a) Keynesian theory
b) Classical theorists
c) Marxists economics
d) Monetary economics
1.6 In the Simple Keynesian
autonomous spending by South African households?
a) The level of economic growth
b) The level of risk and or uncertainty
c) The level of the interest rate
d) Savings and or credit
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