Macroeconomics (12th Edition) (Pearson Series in Economics)
Macroeconomics (12th Edition) (Pearson Series in Economics)
12th Edition
ISBN: 9780133872644
Author: Michael Parkin
Publisher: PEARSON
Question
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Chapter 6, Problem 22APA

(a)

To determine

Compare the economic growth rates of South Africa and Botswana.

(b)

To determine

Effect of investment in new capital on economic growth in Botswana.

(c)

To determine

Calculate the number of years, which the real GDP of South Africa have doubled.

(d)

To determine

Explain the effect of policies proposed in the news article on labor productivity.

(e)

To determine

The source of success story of Botswana that must replicated by South Africa to boost the growth rate.

(f)

To determine

Draw a production possibility frontier of Botswana and South Africa.

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