Economics · Oct / Nov 2021 · Paper 23 · Question 3
2281
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The question as text
South Africa has a high number of unemployed workers. South Africa’s inflation rate has been stable in recent years, partly due to relatively stable wages. An increase in wages can cause inflation and can increase the number of consumer goods bought and produced. To increase employment and reduce the deficit on the current account of South Africa’s balance of payments, some economists suggest more foreign multinational companies (MNCs) should be encouraged to produce in South Africa.
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3(a)[2]
3(b)[4]
3(c)[6]
3(d)[8]
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