Economics Answers

What factors are likely to cause an increase in the demand for the British Pounds?

Draw a demand and supply curve for British Pounds?

Draw a demand and supply curve for British pounds (on the vertical axis plot rand per British pound). [10 marks]. What factors are likely to cause an increase in the demand for British pounds (in exchange for South African rands)? [5]. How can this be illustrated in the diagram you have drawn? [3] Does this represent an appreciation or depreciation of the South African rand relative to the British pound? [2] {20}

List four possible reasons for an appreciation of the rand against the US dollar. (Do not explain, just list) [4]

List for possible reasons for an appreciation of rand against the US dollar.

Explain how change in exchange rates can influence exports and imports.

Use example to explain comparative advantage in international trade

UK real GDP was 1360 trillion pounds in 2009 and 1434 trillion pounds in 2010.UK population was 191.5 million people in 2009 and 193.5 million in 2010. calculate the economic growth rate ,the growth rate of real GDP per person,

list four possible reasons for an appreciation of the rand against the us dollar

explain how the inflation rate,that is usually reported every month in the media,is obtained.use hypothetical figures for calculations

draw a demand and supply curve for british pounds(on the vertical axis plot rand per british pound)