Economics Answers

It is clear that the South African economy needs to grow. We need to make up for lost incomes, lost
jobs, lost tax revenue. Our fiscal stance will be more sustainable if GDP grows. Apply your knowledge
of the drivers of growth and explain what can drive long-run economic growth for South Africa. You
can use models, graphs and explain what plans you propose to get the drivers of
growth going.

which of the following is included in ghana GDP?# randomize
A. The sale of a new car from a manufacturers inventory
B. The purchases of watch from a swiss company
C. The sale of a used car
D. A newly constructed house.

which of the following is included in ghana GDP?# randomize
A. The sale of a new car from a manufacturers inventory
B. The purchases of watch from a swiss company
C. The sale of a used car
D. A newly constructed house.

A class with 10 students will be split into five teams of two students each. There are four women and six men in the class. What is the probability that the first team chosen will have two men?

If the exchange rate changes from $0.11 = R1, to $0.12 = R1, the rand depreciated.

. (a) Use a graphical approach to explain the effect of the following changes.
i. A new Covid 19 face mask, made in America, is successful in sales to Zambia.
ii. Zambia reduces its interest rate compared to the U.S., causing investors to sell Zambian bonds and buy U.S. bonds.
iii. Zambians, unhappy with monetary unification, transfer their bank balances to the U.S.

(b) Briefly explain the five functions of money

If interest rates increase, it has a negative effect on the financial account.
B. If the repo rate increases, it leads to a surplus on the BoP.
C. The SARB can sterilise capital inflows by buying bonds in the capital market.
D. If government spending increases, it leads to a surplus on the current account.

the demand for ice cream is x=10+m/10p. the income of the consumer is $120 and the price of the ice cream is $3 . now suppose the price of the ice cream falls to $2 . find the income and substitution effect.

Did people go to the doctor more often or less often in 2002 than in 1965?

Apply your knowledge of the drivers of economic growth and explain what can drive long run economic growth. Use graphs and models to explain what could get the drivers of economic growth going. Propose plans