Answer to Question #92490 in Macroeconomics for THABO

Question

1.1 Show and illustrate graphically from the national accounts since 2009, the annual
real economic growth rate of the GDP at market prices. Gave the main reasons why
you think it happened. (13)
1.2 Show also what happened to South Africa’s rate of unemployment since 2009. (Hint:
see Reserve Bank Quarterly Bulletin: Key economic indicators) (5)
1.3 From the latest unemployment data explain why the unemployment rate had
increased to 29.0% (5)
2. Government responded against the high levels of unemployment with a job summit in
October 2018. Explain the main reasons that came out of the summit why the high
levels of unemployment in South Africa persists (15)
3. The Current level of inflation in South Africa is 4.5% (June 2019). The Monetary
Policy Committee (MPC) of the Reserve Bank forecasted a certain average level for
2019.
3.1 What is this rate? (1)
3.2 What would be the value of the index at the end of 2019 be if this rate is reached?
(1)

Answer 1

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