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A comparison of the economic growth performance of the South African economy for 2020 with 2019
Use specifically the Solow growth model to discuss the implications of this pandemic
on the prospects of long-run economic growth for South Africa.
Compare and contrast South African government expenditure trends with other global economies over the past 10 – 15 years.
Draw the top-level equilibrium graph.
Elaborate four reasons with examples that why GDP is still considered the most important indicator of well-being of people of a country.
Under what circumstances does purchasing-power parity explain how exchange rates are determined, and why is it not completely accurate?
Using the World Bank’s World Development Indicators database, https://databank.worldbank.org/home.aspx, a) Complete the following table. 2006 2009 2014 2019* GDP per capita (current) Australia China India U.S. GDP growth rate Australia China India U.S. Inflation rate Australia China India U.S. *or latest available year b) Produce a plot for each variable (GDP, gdp growth, inflation) comparing the four countries. c) What can be inferred with respect to economic growth and price control in each of these economies
Which of the following assumptions for the simple Keynesian model of a closed economy
without a government are correct?
country’s balance of payments …
A best-selling author has just written a new novel (the author was paid $2 million by her publishing house, assume cost of printing is zero). The publisher’s president has been told by the marketing department that the novel will appeal to the author’s 100,000 die- hard fans living in Australia who are willing to pay as much as $30. In addition, the book will appeal to about 400,000 less enthusiastic American readers who will pay up to $5. The president is confused as how to market the novel and earn maximum profit. The president hires an economist to devise a strategy to maximize profits.
Given your understanding about price discrimination, how would the economist explain the situation to the president and what would be the option he would recommend?
