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South Africa's real GDP was 1,900 billion rand in 2011 and 1,970 billion rand in 2012. South Africa's population was 50.5 million in 2011 and 51.0 million in 2012. Calculate
The growth rate of real GDP.
The growth rate of real GDP per person.
The approximate number of years it will take for real GDP per person in South Africa to double if the current growth rate of real GDP is maintained.
Determine absolute advantage and comparative advantage and explain why will resources specialize according to their comparative advantages?
Explain why policymakers and economists are concerned about how evenly a nation's wealth is shared or distributed among a nation's citizens. please add refernces for work.
Explain how has a more diversified labor force affected the corporate structure and the economy.
The government has set price ceiling on whatever the product is, so that there is a shortage. That industry complains to the government that the ceiling price is far below the equilibrium price.
Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes
Elucidate action in the open market would the Fed have to take to prevent bank reserves from falling.
Bank A offers to lend $10,00 at a nominal rate of 7 percent, compounded monthly. The loan must be repaid at the end of the year.
Assume that there are many countries capable of producing two goods, and that each country has only one factor of production, labor.
If the demand for a domestic currency decreases in a nation using a fixed exchange rate system, what must the central bank do to keep the currency value steady.
Scores have an average of 1200 with a standard deviation of 60. A sample mean of 36 scores is selected. What is the probability the the sample mean will be larger than 1224?
Write a study blog on local economic development. You may identify such a case as reported in newspapers, such as The Washington Post, Los Angeles Times.
imagine there are two polluters of a given substance with the following marginal-abatement cost functions mac1200-e1
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