The Economy of South Africa

The Economy of South Africa

Assessment

Interactive Video

Business, Social Studies

7th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

The video explores South Africa's economy, highlighting its wealth, service sector, and natural resources. Despite these strengths, the nation faces severe inequality, as shown by its high Gini coefficient. This inequality results in economic and social challenges, with a small wealthy elite and a large impoverished population. The video discusses the implications of inequality, including reduced productivity and capital flight, and positions South Africa as a case study for understanding the effects of extreme wealth disparity.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary composition of South Africa's economy?

Mining

Services

Manufacturing

Agriculture

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which measure is used to signify how equal a country is?

Inflation Rate

Gini Coefficient

Gross Domestic Product

Human Development Index

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the income Gini coefficient of South Africa?

0.26

0.39

0.63

0.47

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does inequality serve as a tool in capitalist economies?

By increasing government control

By incentivizing skill improvement

By promoting equal wealth distribution

By reducing competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common criticism of wealth inequality in first world countries?

It benefits only the wealthy

It reduces economic growth

It improves living standards for all

It leads to higher taxes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the World Bank's threshold for absolute poverty?

$5.50 a day

$7.00 a day

$1.90 a day

$3.20 a day

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries have been responsible for pulling billions out of poverty?

Mexico and Canada

Russia and Japan

China and India

South Africa and Brazil

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