South Africas real GDP was 1,900 billion rand in 2011 and 1,970 billion rand in 2012. South
Question:
South Africa’s real GDP was 1,900 billion rand in 2011 and 1,970 billion rand in 2012. South Africa’s population was 50.5 million in 2011 and 51.0 million in 2012. Calculate:
a. The growth rate of real GDP.
b. The growth rate of real GDP per person.
c. The approximate number of years it will take for real GDP per person in South Africa to double if the current growth rate of real GDP is maintained.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
Solution a Growth rate of real GDP in South Africa is 44 per annum b Growth rate o...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
Question Posted:
Students also viewed these Business questions
-
In Zimbabwe the growth rate of the quantity of money increased from 52 percent a year to 66,700 percent a year in 2007. Accordingly the inflation rate in Zimbabwe skyrocketed, from 56 percent a year...
-
In April 2009, the growth rate of M1 fell to 6.1%, while the growth rate of M2 rose to 10.3%. In September 2013, the year-over-year growth rate of the M1 money supply was 6.5%, while the growth rate...
-
The government of a country increases the growth rate of the money supply from 5 percent per year to 50 percent per year. What happens to prices? What happens to nominal interest rates? Why might the...
-
Equation 11.14 can be expressed in "coordinate-free" form by writing P0 cos = P0 r. Do so, and likewise for Eqs. 11.17, 11.18. 11.19, and 11.21.
-
1. Which schools of management thought are illustrated in this case? 2. Customers perceptions of quality includes performance, reliability, durability, serviceability and aesthetics. What else do car...
-
Woodsy Music manufactures harmonicas. Woodsy uses standard costs to judge performance. Recently, a clerk mistakenly threw away some of the records, and only partial data for September exist. Woodsy...
-
\(\quad-5.6 \quad-7 \quad \sqrt{26} \quad 41 \quad-\frac{13}{50} \quad-46\) Correctly place the numbers in the Venn diagram. N N R
-
Yong Companys income statement for the year ended December 31, 2014, and its comparative balance sheets as of December 31, 2014 and 2013, follow. During 2014, the company engaged in these...
-
On January 1, Year 2, Taylor Corp. acquired 100% of theoutstanding shares of Toronto Inc. for a total cost of $226,000.The carrying amount and fair value of Toronto's assets andliabilities on this 2...
-
Amy Jenkins bought 100 shares of stock at $70 per share using an initial margin of 50%. Given a maintenance margin of 30%, how far does the stock have to drop before Amy faces a margin call? (Assume...
-
What are the preconditions for labour productivity growth?
-
What are the equilibrium real wage rate and the quantity of labour employed in 2014? The first table describes an economys labour market in 2014 and the second table describes its production function...
-
What are the elements in an organizations internal environment?
-
Price = $25 Variable Cost= $15 Fixed Cost= $130 000 Tax Rate= 30% Compute cm Compute cm ratio Compute be in units assume that the company was able to reduce the VC per unit by $3. What selling price...
-
In contrast, futures contracts, with their liquidity and transparent pricing, provide an efficient means for traders and investors to hedge against market fluctuations. The requirement for margin...
-
A 4.33 kilogram object is 286.75 meters above the ground. What is the object potential energy in joules at this height? Round up to two decimal places
-
If a group of angel investors invests $7,750,000 now, they will receive 27% of the exit value given the expected rate of return is 33% on their investment. What is the firm's exit value at the end of...
-
Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 3,100...
-
What is fraud?
-
Question 2 For an n x n matrix A = form) via (aij)
-
Make a graph of the production possibilities frontier with malaria control on the x-axis and other goods and services on the y-axis. Malaria can be controlled The World Health Organizations malaria...
-
The people of Food land have 40 hours of labor a day to bake pizza and bread. The table shows the maximum quantity of either pizza or bread that Food land can bake with different quantities of labor....
-
The people of Food land have 40 hours of labor a day to bake pizza and bread. The table shows the maximum quantity of either pizza or bread that Food land can bake with different quantities of labor....
-
How to Bring Cross-Cultural Teams TogetherAlicia CleggMarch 30, 2017As the appetite for cross-border deals increases, businessschools are mining insights from corporate couplings that prosperedag 2...
-
Does pledge document a contract enforceable by law or merely a "naked promise"? 2 answers
-
Part 1 An employee, Janice Welch, who is expecting a child iseligible and makes a timely request for parental leave.The letter should include:1. A specific statement that the leave is designated FM 2...
Study smarter with the SolutionInn App