Economic growth, economic development and the national budget
Answer the questions below in your workbook.
a) What is economic growth? [1 mark]
b) What is economic development? [1 mark]
c) Why does South Africa need both economic growth and economic
development? [2 marks]
d) Explain the difference between developed and developing countries
and give three examples of each. [4 marks]
e) Explain how the national budget works. [7 marks]
Answer the questions below in your workbook.
a) What is economic growth? [1 mark]
b) What is economic development? [1 mark]
c) Why does South Africa need both economic growth and economic
development? [2 marks]
d) Explain the difference between developed and developing countries
and give three examples of each. [4 marks]
e) Explain how the national budget works. [7 marks]
