Solve the following questions please

4.1 Answer the following questions. 4.1.1 Name TWO items in the financial account of the balance of payments. (2 x 1) (2) 4.1.2 What effect does inflation have on the poor? (1 x 2) (2) 4.2 Study the graph below and answer the questions that follow. EXCHANGE RATES MARKET FOR US DOLLARS S2 S, R12 R11 Exchange rate R/USS R10 E1 S2 S 30 40 50 Millions Quantity of dollars 4.2.1 Which supply curve indicates a decrease in the supply of dollars? (1) 4.2.2 What type of exchange rate system is currently used in South Africa? (1) 4.2.3 Explain the term exchange rate. (2) 4.2.4 State ONE factor that could have led to an increase in the supply of dollars. (2) 4.2.5 Use the above graph to explain the effect of the increase in the supply of US dollars on the R/US$ exchange rate. (2 x 2) (4)4.3 Study the table below and answer the questions that follow. PUBLIC SECTOR'S BUDGET FRAMEWORK R BILLION REVISED MEDIUM-TERM ESTIMATES (MTEF) 2012/2013 2013/2014 2014/2015 2015/2016 Revenue 830 904 1 005 1 118 Percentage of GDP 27% 27% 27,8% 28% Expenditure 972 1 058 1 149 1 239 Percentage of GDP 32% 32% 31% 31% Surplus/Deficit -142 -153 -143 -12 Percentage of GDP -4% -4% -4% A Gross domestic product 2 995 3 301 3 622 3 997 [Adapted from The National Treasury: Budget Review) 4.3.1 What does the abbreviation MTEF stand for? 4.3.2 What is the international benchmark for budget deficits as a percentage of the GDP? 4.3.3 Calculate the budget deficit as a percentage of the GDP (A). 4.3.4 In your opinion, what can the government do to reduce the budget deficit? 4.4 Explain how the amplitude and trend line can be used in the forecasting of business cycles. (2 x 4) 4.5 How can taxation be used to stimulate employment in South Africa? (4 x 2)4.1 Answer the following questions. 4.1.1 Name TWO items in the financial account of the balance of payments. (2 x 1) 4.1.2 What effect does inflation have on the poor? (1 x 2) 4.2 Study the graph below and answer the questions that follow. EXCHANGE RATES MARKET FOR US DOLLARS S2 S, R12 R11 Exchange rate R/USS R10 E1 S2 S 30 40 50 Millions Quantity of dollars 4.2.1 Which supply curve indicates a decrease in the supply of dollars? 4.2.2 What type of exchange rate system is currently used in South Africa? 4.2.3 Explain the term exchange rate. 4.2.4 State ONE factor that could have led to an increase in the supply of dollars. 4.2.5 Use the above graph to explain the effect of the increase in the supply of US dollars on the R/US$ exchange rate. (2 x 2)