Q1. "A budget deficit that is only temporary cannot be the source of inflation." Is this statement true, false, or uncertain? Elucidate your answer.
Q2. Illustrate what is payback period method of investment? Explain how it can be applied to choose among investment project.
Q3. With the aid of a diagram Elucidate Explain how floating exchange rate is determined. if South Africa's exports to the USA increases, Explain how will the value of the rand? Explain how a depreciation of rand will influence our exports and imports