please assist on answering the questions below

1.20 A nation's gross domestic product is. (4 marks) a) C+1 + G + (X-M) b) The total amount of money in circulation c) The total market value of all the intermediate goods and services d) The sum of value added at some stages of the production process 1.21 If real GDP falls from one period to another and the price level stays the same, we can conclude that. (4 marks) Nominal GDP increased b) Inflation decreased c) Nominal GDP also decreased d) NDP increased 1.22 Which of the following explains why redistribution occurs during inflation? (4 marks) a) Rising prices fail to signal desirable changes in the mix of output. b) Because all prices do not change at the same rate, people buy different combinations of goods and services and own different combinations of wealth. C) Relative prices remain unchanged. d) All loans are indexed to inflation. 1.23 The inflation rate is the.. (4 marks) a) Monthly percentage rate increase in the price of all goods and services. b) Annual percentage rate increase in tax brackets. c) Annual percentage rate increase in the average price level. d) Monthly adjustment of wages to the cost of living. 1.24 Read the following and answer question 1.24-1.25. (4 marks) Exit tax' to hit South Africans looking to emigrate from 2022 When ceasing their South African tax residency, taxpayers are subject to an "exit tax' which forms part of the emigration process. However, the National Treasury has proposed a further tax on those who intend to permanently leave South African shores, say tax experts at specialist advisory firm Tax Consulting SA. In the National Treasury's latest published Draft Tax Bills, which incorporates the tax proposals made in the 2021 budget, the amendment proposes to tax retirement fund interests of individuals when they cease South African tax residency," the firm said. Source: https://businesstech.co.zainews/wealth/512238/exit-tax-to-hit-south-africans-looking-to-emigrate-from- 2022 Accessed: 20/08/21 If enforced, the above proposed "Exit tax" will impact which of the following national totals when South Africans migrate as opposed to there being no exit tax? a) Gross domestic product b) Gross national product c) Net domestic product d) The budget 1.25 Suppose that currently, the South African economy is in an expansionary phase. The per the National Treasury would resemble which of the following macroeconomic schools of 10 / 10 a) Keynesian theory b) Classical theorists c) Marxist economics d) Monetarist economics