QUESTION THREE (25) One of the main macroeconomic objectives of any country in the World is economic growth as measured by the gross domestic product (GDP) per capita from one year to the other.

3.1 Research on the various sources of economic growth in your country and highlight the key drivers of economic growth in your country.

3.2 Critically evaluate the effectiveness of the current economic policies ultilised by your country to improve economic growth and make recommendations on how to improve these policies. (15)

QUESTION FOUR (25)

4.1 In many developing countries government intervenes in the setting of prices through price ceilings. Research on the rationale of setting price ceilings in an economy using evidence from three different countries. (10)

4.2 Discuss the FIVE (5) categories of price elasticity of demand and show how elasticity of demand concept can be used in setting prices for consumer goods, at Shoprite Supermarket, in Durban South Africa. (15)