Answer to Question #127040 in Macroeconomics for zanele

Question

who formulate economic growth policy, who has authority
2.Real GDP per person has been growing in the world and SA

Answer 1

It is the role of the government to formulate economic growth policy.

The GDP per person in the world has been growing due to economic growth in the world. This may be due to increase in national output and income.

It may also be caused by increase in production levels. When the production levels increase this leads to increase in unemployment levels.