Complete the following matching exercise and define the given economic terms.

Here are the solutions to the questions: 1.2 Choose a description from COLUMN B that matches an item in COLUMN A. 1.2.1 Secondary sector matches G. manufacturing and construction. 1.2.2 International competitiveness matches A. the ability of South Africa's businesses to match the price and quality of other nation's output. 1.2.3 Mixed economic system matches E. combination of private and public ownership. 1.2.4 Renewable resources matches F. the means of production that can constantly replace themselves and do not get used up. 1.2.5 Money flow matches C. income and expenditure. 1.2.6 Production matches D. creation of goods and services. 1.3 Give ONE term for each of the following descriptions. 1.3.1 The increase in the production capacity of a country measured by real GDP. Economic growth 1.3.2 A sector made up of unregistered and unregulated businesses usually run from home. Informal sector 1.3.3 Goods and services that are not used as inputs for producing other goods. Final goods 1.3.4 An economy that does not include the foreign sector. Closed economy That's 2 down. 3 left today — send the next one.