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In Q1 2019 Argentina’s output gap was estimated to be equal to -5.6% of GDP. Explain one likely impact of a negative output gap on Argentina’s economy. 

The German Government is to offer €4 billion in tax relief for business investment.Explain one likely economic effect of this investment tax relief.

Study Figures 1 and 2 and Extracts A and B in the sources attached here before answering question 12.

With reference to Figure 2, explain what is meant by a surplus of the balance of trade in goods and services

INSTRUKSIES: Jy het 15 min om jou werkruimte op te stel voor die aanvang van jou eksamentyd. Die eksamen begin dadelik om 08:45. Jy moet elke uur ‘n vorderingsfoto van jou werk oplaai in die ruimte wat verskaf word. (Kyk asseblief na tye wat in die eksamen gegee word) Maak asseblief seker dat hierdie foto’s duidelik is. Maak seker dat die aanbieding van jou finale werk netjies en duidelik is. Onthou om jou foto’s te “crop”. Maak asseblief seker dat jy na jou oorsig / afbakening verwys om aan alle eksamenvereistes te voldoen.  

INFORMATION AND INSTRUCTIONS  INLIGTING EN INSTRUKSIES 1. This paper consists out of 3 sections: SECTION A (25 marks) SECTION B (70 marks) SECTION C (25 marks) Hierdie vraestel bestaan uit 3 afdelings: AFDELING A (25 punte) AFDELING B (70 punte) AFDELING C (25 punte) 2. Answer all the questions. Beantwoord al die vrae. 3. Read through each question thoroughly and pay attention to the mark allocation. Generally, one mark is allocated per fact. Therefore, a two-mark question would usually require two facts, et cetera. Lees die vrae baie deeglik en gee aandag aan die puntetoekenning. Een punt word aan een feit toegeken. ‘n Vraag wat twee punte tel, sal dus vereis dat jy twee verskillende feite neerskryf ens. 4 Answers like ‘cheaper’, ‘faster’, slower’ and ‘easier’ will ONLY be accepted if it is used together with an valid explanation. Antwoorde soos ‘goedkoper’, ‘vinniger’, ‘stadiger’ en ‘makliker’ sal SLEGS aanvaar word indien dit saam met ‘n rede of ‘n verduideliking gebruik is. 5. Number the answers correctly according to the numbering system used in this question paper. Nommer die antwoorde presies volgens die nommers wat in die vraestel gebruik word. 6 Read through each question before answering or solving the problem. Do NOT do more than is required by the question. It will NOT be marked. Lees die vrae aandagtig deur. MOENIE meer inligting gee as wat die vraag vereis nie aangesien dit NIE nagesien sal word NIE. 7. If you experience any technical issues at all, please join the EXAM CONNECT ROOM immediately during the test session. Gaan dadelik na die EXAM CONNECT ROOM as jy enige tegniese probleme ondervind tydens beantwoording van die vraestel.   Section A   Afdeling A   Question 1: MULTIPLE CHOICE QUESTIONS  10 Vraag 1:  MEERVOUDIGE KEUSE-VRAE Question 2: TRUE / FALSE ITEMS  5 Vraag 2: WAAR/ONWAAR-ITEMS Question 3: MATCHING ITEMS  10 Vraag 3: PASITEMS Section B   Afdeling B   Question 4: SYSTEM TECHNOLOGIES  20 Vraag 4: STELSELTEGNOLOGIEË Question 5: INTERNET AND NETWORK TECHNOLOGIES  15 Vraag 5: INTERNET- EN NETWERKTEGNOLOGIEË Question 6: INFORMATION MANAGEMENT  10 Vraag 6: INLIGTINGSBESTUUR Question 7: SOCIAL IMPLICATIONS  10 Vraag 7: SOSIALE IMPLIKASIES Question 8: SOLUTION DEVELOPMENT  15 Vraag 8: OPLOSSINGSONTWIKKELING Section C    Afdeling C   Question 9: INTEGRATED SCENARIO  25 Vraag 9: GEÏNTEGREERDE SCENARIO TOTAL   120 TOTAAL

INSTRUCTIONS: 1. You have got 15 min to set up your working space before the start of your exam time.  2. The exam promptly starts at 08:45. 3. You will have to upload a progress photo of your work every hour in the space provided. (please look at times given in the exam) 4. Please make sure these photos are clear.  5. Make sure the presentation of your final work is neat and clear. Remember to crop your images.  6. Please make sure to refer to your scope/brief to adhere to all exam requirements.

Please provide your PROGRESS IMAGE; 10:45

Please provide your PROGRESS IMAGE; 09:45

In general, tax incidence falls more on the seller if demand for the product taxed is price elastic and falls more on the buyer if demand is price inelastic.