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1.1 Discuss 5 reasons why inflation is a problem in South Africa. 1.2 Explain why South Africans should buy locally produced wine instead of the wine produced in other countries? 1.3 Read the information provided and answer 1, 3.1 and 1, 3.2: Assume that there are 52 million individuals between the ages of 16 and 64 years, and that 33.4 million of them are employed and 5.4 million of them are not. 1.3.1 Calculate the size of the labour force. 1.3.2 Calculate the unemployment rate.

1.1 Discuss 5 reasons why inflation is a problem in South Africa. 1.2 Explain why South Africans should buy locally produced wine instead of the wine produced in other countries? 1.3 Read the information provided and answer 1, 3.1 and 1, 3.2: Assume that there are 52 million individuals between the ages of 16 and 64 years, and that 33.4 million of them are employed and 5.4 million of them are not. 1.3.1 Calculate the size of the labour force. 1.3.2 Calculate the unemployment rate.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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1.1 Discuss 5 reasons why inflation is a problem in South Africa. 1.2 Explain why South Africans should buy locally produced wine instead of the wine produced in other countries? 1.3 Read the information provided and answer 1, 3.1 and 1, 3.2: Assume that there are 52 million individuals between the ages of 16 and 64 years, and that 33.4 million of them are employed and 5.4 million of them are not. 1.3.1 Calculate the size of the labour force. 1.3.2 Calculate the unemployment rate.
Transcribed Image Text:1.1 Discuss 5 reasons why inflation is a problem in South Africa. 1.2 Explain why South Africans should buy locally produced wine instead of the wine produced in other countries? 1.3 Read the information provided and answer 1, 3.1 and 1, 3.2: Assume that there are 52 million individuals between the ages of 16 and 64 years, and that 33.4 million of them are employed and 5.4 million of them are not. 1.3.1 Calculate the size of the labour force. 1.3.2 Calculate the unemployment rate.
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