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A large share of the growing expenditure in South Africa goes towards the remuneration of employees (the so-called wage bill). Explain how unbalanced productivity growth
A large share of the growing expenditure in South Africa goes towards the remuneration of employees (the so-called wage bill). Explain how unbalanced productivity growth (according to Baumols unbalanced productivity growth model) affects government expenditure and briefly comment on its relevance to South Africa.
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