Question

With the aid of fully labelled diagram explain the general business cycle in the South African economy (5)

Answer 1

#70037 Economics, Macroeconomics

With the aid of fully labelled diagram explain the general business cycle in the South African economy (5)

Answer:

GDP & Business Cycle Durations in 1988-2009 in South Africa is represented on the figure 1.

Figure 1 - GDP & Business Cycle Durations, 1988-2009 in South Africa

Source: SARB, 2013

Note: indicates economic downturns.

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