South Africa’s economy is comprised of several different market structures, and these have different implications for welfare, development, employment, competition and economic growth. Using publicly available data, generate two (2) graphs of macroeconomic indicators that would best encapsulate South Africa’s economic performance over the period Jan 2017 to December 2022 for an investor who may be interested in South Africa. Provide a brief explanation of the trends shown in the graphs.

South Africa’s economy is comprised of several different market structures, and these have different implications for welfare, development, employment, competition and economic growth. Using publicly available data, generate two (2) graphs of macroeconomic indicators that would best encapsulate South Africa’s economic performance over the period Jan 2017 to December 2022 for an investor who may be interested in South Africa. Provide a brief explanation of the trends shown in the graphs.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter19: Economic Growth In Developing Nations

Section: Chapter Questions

Problem 19AA

See similar textbooks

Similar questions

This case study focuses on the Australian economy in 2019, before the COVID-19 pandemic hit. On 4th September 2019, the Australian Bureau of Statistics (ABS) published Real GDP data for the quarter ending June 2019. (The reporting of GDP always lags by about 2 months as it takes time to collect and compile data). The data showed that the Australian economy recorded quarterly growth of 0.5%. However, there was a decrease in Real GDP per capita. Furthermore, Real GDP per capita in June 2019 was lower than it was a year before (June 2018). Overall, while Real GDP still increased, the growth was very weak; the weakest on record since March 2001. (Source: Australian Financial Review and The Guardian). Questions: Question 4. Given the economic conditions described above, recommend the appropriate monetary policy that the Reserve Bank of Australia (RBA) should implement.Clearly explain why this type of monetary policy is needed. Question 5. Describe in detail the steps the RBA must…
Broader measures of economic prosperity and wellbeing advise your client on some other metrics of wellbeing that we need to pay attention to when assessing a country’s overall improvement in quality of life over the long term. Explain to your client why it is important to consider additional indicators of well-being in addition to the conventional economic indicators. Choose two alternative measures of economic prosperity and wellbeing that are used internationally and provide a brief explanation of what they measure. Source data on these two measures for your country and note how your country compares to other countries elsewhere in the world according to these measures.]
How large will Canada’s GDP be in 25 years? The answer depends on what the rate of growth in GDP will be over that 25-year period. A mathematical formula we can use for this calculation is the following: GDP2041 = GDP2016 (1 + g)25 where GDP2041 is the level of GDP in the year 2041, GDP2016 is the level of GDP in the year 2016, and g is the rate of growth in GDP. Assume that GDP in 2016 is $1000 million and assume that the value of g is 0.035 (3.5 percent per year). What will be the value of GDP in 2041? Now suppose that the value of g is 0.040 (4.0 percent per year). What will be the value of GDP in 2041 given this slightly larger rate of growth? What does this result say about the importance of policies that promote even slightly faster rates of growth in GDP?
The GDP of South Africa in 1950 was 77,836.88 million dollars. In 2019 it was 748,861 million dollars. What has been the annualized growth rate of GDP for South Africa during the period 1950 to 2019? Use growth compounding to calculate the number and write the answer in percent terms with up to two decimals (e.g., 10.22 for 10.22%, or 2.33 for 2.33%).
Perfect Population Projections Incorporated (PPP) has entered into a contract with the city of Popular, Pennsylvania, to project the future population of the city. In recent years, Popular has become a desirable place to live and work, as indicated by the below table. Year 2019 2020 2021 2022 2023 2024 Total Population 50,000 53,000 57,000 65,000 70,000 ? Total Employment 25,000 26,500 28,500 32,500 35,000 ? Basic Employment 6,250 6,625 7,125 8,125 8,750 9,000* Nonbasic Employment 18,750 19,875 21,375 24,375 26, 250 ? *Estimated from surveys. Required: The contract states that PPP must project Popular's population for the year 2024 using an economic base analysis. The ratio of population to total employment is 2.0833. Note: Do not round intermediate calculations. Round your final answers to the nearest whole number. Your help is needed! Total population using economic base analysis Total employment using economic base analysis Total Nonbasic employment using economic base analysis Year…
Can you tell me what the top 50 companies are from market capitalisation in Australia on the date 28 APRIL 2023? What does this show in reference to the sectors that are made up in the Australian economy?
The horizontal axis of the figure below shows log of real personal income per person in 1880 for 47 U.S. states. The vertical axis shows the average annual growth rate of real personal income per capita for each state from 1880 to 2000. The two-letter abbreviation identifies the state. The solid line is the straight line that provides the best fit to the relation between the growth rate of income per person and the level of income per person in 1880. Based on this figure, discuss whether the U.S. states do or do not exhibit convergence. Explain.
Please select 2 countries and investigate the relationship between Financial Development and Economic Growth. In this project, you are expected to explain the following issues: 1- Why these 2 countries? 2- What is the relationship between growth and financial development? (Hint: Financial Development could be proxied by the Financial Development Index) While explaining what you found with data, you are expected to support your findings with at least 3 studies in the literature. You are limited to a maximum 3 pages.
please answer the questions below. Many thanks.
10.5 Linear trend (y) 10.0 Log of GDP per capita 95 y = 0.0214x+ 8.7782 R = 0.9889 9.0 8.5 Year This shows log GDP per capita for the UK Which of the following statements are correct? Select one or more: a. The graph shows that in 1950 UK GDP per capita was about £8.75. Ob. The trend growth rate over the period was 0.9889% per annum. When actual output is below trend output the economy is in recession. U d. The trend growth rate over the period was 2.14 % per annum. Log of GDP per capita 1950 1955- -096 1995- -000, 2005
The United Nations Development Program (UNDP) needs your help!!! The UNDP wants you to empirically explore the strength of the relationship between income per capita and measurement of human development. To answer this question, use the UNDP Data in the fifth worksheet of Problem Set 2 data “Sheet UNDP 2019 data” in the file folder on Canvas. This file contains data from 2019 for 189 countries and comes from the UNDP’s country-level data sets. To calculate the indexes, use the minimum and maximum values for Gross National Income (GNI), life expectancy at birth (LE), mean years of schooling (MYSA), and expected years of schooling (EYSC) that are provided in the Excel spreadsheet.[1] Which of the following indicators need to be log-transformed before constructing its index? Life expectancy at birth (LE) Expected years of schooling of children (EYSC Mean years of schooling of adults (MYSA) GNI per-capita
The Grenada National Sustainable Development Plan 2020-2035 is based on three development pillars: the society; the economy and the environment. A Medium Term Action Plan (MTAP) 2022 – 2024 was published in January 2022, which is a companion document to the Plan. Using these links https://www.finance.gd/docs/NSDP2020-2035-FVi.pdf and https://www.finance.gd/docs/2022/FinalMTAP2022-2024upd.pdf i.Description of the current economic framework within which this Plan operates. (comment on the performance of key economic indicators: new and traditional. ii. Comment on the general economic development strategy, focusing on the macroeconomic policies – For example, is it strongly aligned with any of theories of economic development covered in the Course material. iii. Critically assess the general alignment of the national outcomes with the objectives of the Sustainable Development Goals (SDG’s). Give appropriate examples.Please assist with providing some insight on these in point form.