Assume that autonomous consumption is GHS1,791 billion and disposal income is GHS13,000 billion. Using consumption function, compute consumption expenditure if an increase of GHS1,000 in disposable income leads to an increase of GHS720 in consumption expenditure.
Covide 19 has caused an economic shock around the globe. Most important economic indicators are widely affected by the shock.
🔹️Discuss the economic effect of covid-19 on employment, output and inflation in South Africa.
🔹️Given the nature and effect of covid-19 employment, output and inflation, how should policy makers respond to covid-19.
How does globalization affect the demand for high and low skilled workers across the globe