(a)[3]
Describe what is meant by economic equality and distinguish it from equity.
(b)[5]
Define what is meant by actual economic growth and analyse the relationship between economic growth and unemployment as illustrated by Fig. 1.1 and Fig. 1.2.
(c)[5]
Assess the evidence provided about the significance of the performance of the state-owned electricity monopoly as a contributor to the decline in South Africa’s economy.
(d)[7]
Evaluate whether attracting investment and managing uncertainty are the most effective ways to improve the prospects for South Africa’s economy.