Macroeconomics Answers

list any two monetary measures that can be used to combat inflation

mention any two negative effect of deflation

name any two international institutions that standardise a country indicators

name two inflation rate indicators

argue how free trade rather than protectionism can favour countries

advise the government on how to promote industrial development in south africa

briefly explain the failures of the international measures in addressing environmental problems

how succesful was the new grouth path in influencing economic growth and development in south africa

briefly explain the weaknesses of rsa industrial development zones

Examine the data in the appendix to Chapter 19. Locate the figures for nominal and real GDP for 2006 and 2007. Calculate the GDP deflator. What were the rates of growth of nominal GDP and real GDP for 2007? What was the rate of inflation (as measured by the GDP deflator) for 2007? Compare the rate of inflation using the GDP deflator with that using the CPI.