Answer to Question #232139 in Psychology for Dineko

Question

Explain how we can improve the GDP of South Africa in the next five years to come.

Answer 1

• New approaches are being implemented, while established ones are being updated. New industry and product classifications, as well as a new supply chain, were used in the current exercise.
• The headline rate of economic growth is being replaced. The annualised rate will no longer be used as the headline rate by Stats SA. In future statistical releases, Stats SA will utilize the quarter-on-quarter real GDP growth rate (seasonally adjusted) as the headline rate.