QUESTION 1

ECONOMICS (30 Marks)

Consider the following news extract and answer the questions that follow.

Finance Minister Tito Mboweni delivered his National Budget Speech on 26 February 2020, leaving South African taxpayers pleased by the implementation of tax relief on personal income tax, but disappointing those who indulge in alcoholic beverages and heated tobacco products.

The 2020 Budget Speech focused on economic growth, education, health, social development, small businesses and job creation. Minister Mboweni appears to have gone out of his way to implement measures to avoid the slowdown of economic growth.

Adopted from: https://globalcompliancenews.com/south-africa-2020-budget-speech-highlights/ Accessed: 02/04/2020 You have been tasked to provide clarity your government's objectives in the economy so that society will understand the focus of the budget speech in question.

Discuss the macroeconomic objectives of an economy alongside an overview of the macroeconomic variables that can be used to measure how well they have been able to accomplish them. Include a comment on the level of these variables in your country currently.

QUESTION 2 FINANCE (30 Marks)

Study the following information and answer ALL of the questions that follow.

INFORMATION

\fOwners' equity and liabilities Owners' equity 89441 79337 Non-current liabilities 66009 62169 Current liabilities 77738 88548 Accounts payable 40322 46370 Other current liabilities 37416 42178 Total owners' equity and liabilities 233188 230054