integrate theory with the scenario provided.

Question 3 (Marks: 15) "The belief that we can spend our way out of low growth is inconsistent with the best available empirical evidence and ignores South Africa's recent poor performance in using government spending as a tool to unlock much-needed economic growth. Gambling with our future on risky economic strategies that have foiled elsewhere is something we are not prepared to do. * Tito Mboweni is South Africa's Minister of Finance. Tito Mboweni - Fin24 https://www.news24.com/fin24/opinion/tito-mboweni-we-cannot-spend-our-way out-of-low- growth-20200714 Q.3.1 Government spending (as a percentage of gross domestic expenditure) has (6) increased significantly over the past decades. Explain any two reasons for this trend. @ The Independent Institute of Education [Pty) Led 2020 Page 6 of 7 20 2020 Marks will be awarded for the quality of your paraphrasing, Le. you must write in your own words. Q.3.2 The increased government spending noted in Q.3.1. above has to be financed in (9) one way or another. Describe three ways in which government spending can be financed. Marks will be awarded for your ability to integrate the theory into the extract above