Conduct your own research on the 2018/ 2019 budget and fiscal policy in South Africa. Provide your own detailed analysis of the fiscal policy. Structure your answer as follows: • The balance between income received by government and the level of government expenditure (2); © The Independent Institute of Education (Pty) Ltd 2020 Page 5 of 7 19; 20 2020 • Changes made to the tax structure, reasons for the changes and whether the changes are ideal in a South African context (5); • Specific areas of focus for government spending and reasons for this (5); • Forecast in terms of economic outlook (3). Question 4 Q.4.1 Calculate the level of autonomous spending. Q.4.2 Calculate the size of the multiplier. Q.4.3 Calculate the equilibrium level of income. Q.4.5 Discuss the relationship between total income and total spending in the macroeconomy according to Say’s law.

Conduct your own research on the 2018/ 2019 budget and fiscal policy in South Africa. Provide your own detailed analysis of the fiscal policy.
Structure your answer as follows:
• The balance between income received by government and the level of government
expenditure (2);
© The Independent Institute of Education (Pty) Ltd 2020
Page 5 of 7

19; 20
2020
• Changes made to the tax structure, reasons for the changes and whether the changes are ideal in a South African context (5);
• Specific areas of focus for government spending and reasons for this (5);
• Forecast in terms of economic outlook (3).
Question 4
Q.4.1 Calculate the level of autonomous spending.
Q.4.2 Calculate the size of the multiplier.
Q.4.3 Calculate the equilibrium level of income.
Q.4.5 Discuss the relationship between total income and total spending in the macroeconomy according to Say’s law.

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