Category: Economics

➤ How do I make my resume or cover letter reader-centered?
Focus on the employer’s needs, not your entire history. Start with a concise profile that states the value you bring. Use bullet achievements tied to the job description, quantify results, and remove irrelevant details. Tailor keywords, keep sentences short, and include a clear call to action like requesting an interview.

During 1967 which author in South Africa proposed a rational analytical framework for the study of public administration?
JS Wessels
SX Hanekom
H Kroukamp
JJN Cloete

A period of real economic growth, where production and employment are both moving higher is known as:
ANSWER
expansion.
contraction.
recession.

➤ Why are intermediate goods and transfer payments excluded from GDP?
We exclude intermediate goods and transfer payments to avoid double counting and to measure current production accurately. Intermediate goods are inputs used to make final products, so counting them would inflate GDP. Transfer payments, like pensions or unemployment benefits, do not reflect new production and therefore are not part of GDP.

A small nation has an agreement with its bordering countries to exchange goods and services without the obstacles of political or economic barriers. This is an example of

➤ How does risk tolerance affect choosing Moderate Growth over Aggressive or Conservative?
Risk tolerance guides the split between equities and fixed income. Investors with moderate tolerance accept short-term volatility for higher expected returns, so they favor moderate growth (roughly 60–70% equities). Conservative investors reduce equity exposure; aggressive investors increase it toward 80–100% equities.