Economics Grade 12 QUESTION 3: 3.1 Assume that the South African government have requested you to do a CBA with regard to the two projects. Conduct a research about the two pictures below and answer the questions that follow. PROJECT 1: COSTS AND BENEFIT ANALYSIS PROJECT 2 NW Project QP //2023 (2 × 1) (2) (2 x 1) (2) 3.1.1 Identify the TWO projects needed by the South African citizens. 3.1.2 List any TWO private costs that will be incurred in project 2. 3.1.3 Why should the government apply the cost benefit analysis for big projects? 3.1.4 Examine the external benefits of Project 1 illustrated above? (8) (8) [20] GRAND TOTAL: 50
