Economic Growth and Development Economics Grade 12 Questions and Answers. Economic growth is a much narrower concept than economic development because it focuses on a single dimension, the GDP. In contrast, economic development is a broader concept that focuses on multiple dimensions including people’s income as well as their quality of life.
ECONOMIC GROWTH AND DEVELOPMENT QUESTIONS AND ANSWERS GRADE 12
Activity 1
Study the cartoon below and answer the questions that follow:
- What is the message behind the cartoon? (2)
- List any TWO countries involved in this phenomenon. (2)
- List any TWO products displayed in the cartoon. (4)
[8]
Answers to activity 1
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Activity 2
Study the cartoon below and answer the questions that follow:
- What is the message behind the cartoon? (2)
- What is the main objective of Broad-Based Black Economic Empowerment? (2)
[4]
Answers to activity 2
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Activity 3
Distinguish between economic growth and economic development. [8]
Answer to activity 3
| Economic growth | Economic development |
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Activity 4
Explain unequal standards of living as a characteristic of the North/South divide. [6]
Answer to activity 4
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