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It is clear that the South African economy needs to grow. We need to make up for lost incomes, lost jobs, lost tax revenue. Our fiscal stance will be more sustainable if GDP grows. Apply your knowledge of the drivers of growth and explain what can drive long-run economic growth for South Africa. You can use models, graphs and explain what plans you propose to get the drivers of growth going.
Explain why the person making this statement is ill informed about economic principles. What is the flaw in their reasoning?
nbspa decrease in government spending will cause anincrease in the quantity of real domestic output demanded.decrease
Immediately prior to the beginning of year 2, LIBOR rates increase to 6 percent. What is the expected net interest income in year 2? What would be the effect on net interest income of a 2 percent decrease in LIBOR?
A firm is facing the following input prices: wage rate = $8/hour and price of capital = $16. At the current input mix MPL = 24 and MPK = 32. Should the firm change its input mix? Why?
What is the effect of increasing the federal minimum wage gradually to $15-per-hour by 2020 ? would it substantially increase aggregate output in the US economy?
What is each orchard's labor demand as a function of the daily wage W? What is the market's labor demand? Ectenia has 200 workers who supply their labor inelastically. Solve for the wage W. How many workers does each orchard hire? How much profit ..
Identify whether federal funds rate, bank reserves, and money supply will increase or decrease in response to federal reserve open market purchase of securities
What is the south African government providing and to whom? What are the costs and consequences of providing the subsidies and welfare?
Illustrate the difference in the price elasticity of demand for an individual firm in a perfectly competitive industry as compared with a monopolist.
If the government starts welfare policy which pays B to all non workers and 0 to all workers, at what value of B will Mike opt out of the labor force and go on welfare?
In recent years, labor economists have had renewed interest in the relationship between the job vacancy rate (open but unfilled job postings) and the unemployment rate. This relationship is commonly represented by the "Beveridge Curve" (named aft..
“The short-run supply curve of a perfectly competitive firm is the firm’s marginal cost curve.”
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