FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4 Examine the table below and answer the questions that follow: Assume South Africa only produces electricity and rice. Assume 2018 is the base year.

4

image text in transcribed
Examine the table below and answer the questions that follow: Assume South Africa only produces electricity and rice. Assume 2018 is the base year. Year Electricity Rice Quantity (kwh) Price (R per kwh) Quantity (tonnes) Price (R per tonne) 2017 124 470 685 408 2018 128 520 735 650 2019 140 840 933 940 2020 136 990 855 990 Complete the sentences below by filling in the blanks with the correct values: Real GDP in 2017 is R 509730 Nominal GDP in 2018 is R Real GDP in 2019 is R 679250 The growth rate from 2018 to 2020 is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Expenditure Decisions In The Urban Community

Public Expenditure Decisions In The Urban Community

Authors: Howard G Schaller

1st Edition

1317310985, 9781317310983

More Books

Students also viewed these Economics questions

Question

★★★★★
Select an ad you think would be processed by a central route to persuasion and one where you think the peripheral processing would occur. Show the ads to several people and ask them to write down the...

Answered: 1 week ago

Question

★★★★★
Which of the following compounds have a dipole moment of zero? CI H CI H C-C C-C C-C C-C CICI H C H CI Cl

Answered: 1 week ago

Question

★★★★★
2. The Reid technique is often discussed and criticised. Explain the technique, and why it has been criticised by researchers.

Answered: 1 week ago

Question

★★★★★
There is currently a tendency among business professionals to endorse the use of incentive pay plans. Identify two jobs for which individual incentive pay is appropriate and two jobs for which...

Answered: 1 week ago

Question

★★★★★
Erik, a trader, wants to buy 1,000 shares of XYZ stock, while a second trader, Alison, is willing to sell 1,500 shares of the same stock. Unfortunately, Erik and Alison dont know one another and must...

Answered: 1 week ago

Question

★★★★★
a

Answered: 1 week ago

Question

★★★★★
1) As their Consultant, explain the innovation process to them and outline the two (2) reasons innovation would be a better option to commence their business. 2) Outline the three (3) basic steps for...

Answered: 1 week ago

Question

★★★★★
Clearly written rules and policies help eliminate ______ in the workplace

Answered: 1 week ago

Question

★★★★★
Using the prescribed syntax of an Internet Protocol packet, construct an IP Version 4 TCP/IP transmission packet using the following particulars: Packet is sent from IP address 192.168.4.111 (MAC...

Answered: 1 week ago

Question

★★★★★
Suman Joshi, Managing Director of Omega Textiles, was reviewing two very different investment proposals. The first one is for expanding the capacity in the main line of business and the second one is...

Answered: 1 week ago

Question

★★★★★
A 50-hp, 230-V shunt motor has a field resistance of 17.70 and operates at full load when the line current is 181 A at 1,350 r/min. To increase the speed of the motor to 1,600 r/min, a resistance of...

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: Basic values, basic interests, position, socialization process, mental variables and norm distribution.

Answered: 1 week ago

Question

★★★★★
6. List examples from your local environment of people that have a so-called Protestant character. Add further characteristics to this phenomenon than those mentioned in this chapter.

Answered: 1 week ago

Question

★★★★★
10. Choose someone you know and answer the following questions: a) Does this person have a low or high level of competence in a particular field? b) Do you have a low or high level of confidence in...

Answered: 1 week ago

Previous Question Next Question