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1.2 Mention five (3) ways in which the government in South Africa can achieve debt sustainability. (5) 1.3 Explain whether tax revenue collection by the

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1.2 Mention five (3) ways in which the government in South Africa can achieve debt sustainability. (5) 1.3 Explain whether tax revenue collection by the South African Revenue Services (SARS) changes with the economic recovery. Motivate your answer. (5) 1.4 Explain why the recovery of global economy, especially the Euro Zone, is important to the South African Economy. (5) Question 2 (20 marks) 2.1 Assume that, in a particular country, 90 000 of the people are aged 16 and above, and are not in institutions. Suppose that 60 000 are employed and 21 000 are unemployed. Calculate the labour participation rate. (4) 2.2 What does the computed figure of the labour force participation rate in Question 2.1 tell us about the economic situation? (4) 2.3 Read the extract below and answer the question that follows: Price stability reduces uncertainty in the economy, contributing to stronger economic growth and employment creation over time. Furthermore, a low and stable inflation rate protects the purchasing power of the Rand. Hence, the need for low inflation, particularly for the poor who have limited means of protecting themselves against continually rising prices. Source: BARS. 2019. Overview Fries Stability: Monetary Policy in South Africa. [Online] Available from: 20 October 2021]- Critically evaluate the mandate of South African Reserve Bank (SARB) and its role in providing relief to economic agents during Covid-19 pandemic in South Africa. (6) 2.4 Mention any three (3) factors that led to changes in money demand and another three factors that affected money supply in South Africa. (6) Question 3 (10 marks) Discuss in detail the short- and medium-run effects of each of the following events on aggregate price level and aggregate output

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