Answer to Question #110281 in Macroeconomics for Dadirai

Question

The table below shows the GDP and population figures for a country.
Year Real GDP (R million) Population (million persons)
2018 490 26
2019 480 28
What is the economic growth rate and real GDP per capita for 2019?
[1] -2,04%; R17,14
[2] 2,04%; R18,85
[3] 2,08%; R17,96
[4] -2,08; R17,96
4.20. To boost economic growth the government is most likely to…
[1] reduce personal income tax.
[2] increase taxes.
[3] provide incentives to save (e.g., tax-free investment)
[4] increase minimum wages in the private sector.

Answer 1

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