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Manufacturing to total imports ratio is currently sitting at (1.97). So basically for every R1 in goods manufactured locally, 50.7c is imported. The given statement
Manufacturing to total imports ratio is currently sitting at (1.97). So basically for every R1 in goods manufactured locally, 50.7c is imported. The given statement is correct. The manufacturing to total imports ratio is calculated by dividing the value of manufacturing sales by the total value of imports. In June 2019, the manufacturing industry in South Africa sold goods to the value of R203.7 billion. Total imports into South Africa in June 2019 were R 103 754 352 076. Therefore, the manufacturing to total imports ratio is: [ratio=203.7 / 103754352.076] [ratio=1.97] So, for every R1 in goods manufactured locally, 50.7c is imported. Therefore, the manufacturing to total imports ratio is: [ratio=203.7 / 103754352.076] [ratio=1.97] So, for every R1 in goods manufactured locally, 50.7c is imported. Final answer: The given statement is correct. The manufacturing to total imports ratio is currently sitting at (1.97). So, for every R1 in goods manufactured locally, 50.7c is imported
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