Answer to Question #206998 in Macroeconomics for kabelo

Question

use specifically the solow growth model to discuss the implications of this pandemic on the prospects of long-run economic growth in south africa

Answer 1

The pandemic has led to the loss of lives decreasing the country's population. This has decreased the labor force resulting in decreased population. In the long run, the pandemic will continue to disrupt the economic activities, that is, no savings and investments hence low output and capital.