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South Africa's tax revenue for 2011 was approximately $8 trillion while total spending approving the South African legislature was approximately $10.5 trillion. This fiscal trend
South Africa's tax revenue for 2011 was approximately $8 trillion while total spending approving the South African legislature was approximately $10.5 trillion. This fiscal trend has been recurring for the past five years. In light of South Africa's fiscal policy, they can expect to experience: A. Higher interest rates leading to currency appreciation and smaller trade deficits. B. Higher interest rates leading to currency depreciation and larger trade deficits. C. Higher interest rates leading to currency appreciation and larger trade deficits. D. Lower interest rates leading to currency depreciation and larger trade deficits
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