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ECS1601-25-EX10A
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The introduction of the government into the Keynesian model makes it possible to analyse the impact of monetary policy.
Read the following passage to answer the question:
| Various countries, including South Africa, China and India, have established Special Economic Zones (SEZs) within their domestic economies. Firms that operate within these SEZs receive several incentives including tax relief, rent-free land, capital investment and training. This is done with the expectation to increase exports and to create job opportunities for local communities. |
Based on the passage, which one of the following statements regarding supply factors and demand factors that affect economic growth, is true?
Government spending increases as total income (Y) increases.