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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 22
After you have studied Reading Between the Lines on pp. 152-153, answer the following questions.
a. How do South Africa and Botswana compare on economic growth rates?
b. For South Africa to grow faster, how would the percentage of GDP invested in new capital need to change
c. If South Africa is able to achieve a growth rate of 8 percent per year, in how many years will real GDP have doubled
d. Describe the policies proposed by the author of the news article and explain how they might change labor productivity.
e. What is the source of Botswana's growth success story and what must South Africa do to replicate that success
f. Draw a PPF graph to show what has happened in Botswana and South Africa since 1980.
a. How do South Africa and Botswana compare on economic growth rates?
b. For South Africa to grow faster, how would the percentage of GDP invested in new capital need to change
c. If South Africa is able to achieve a growth rate of 8 percent per year, in how many years will real GDP have doubled
d. Describe the policies proposed by the author of the news article and explain how they might change labor productivity.
e. What is the source of Botswana's growth success story and what must South Africa do to replicate that success
f. Draw a PPF graph to show what has happened in Botswana and South Africa since 1980.
Explanation
Verified
Verified
b) We know the real GDP of that country ...
Macroeconomics 11th Edition by Michael Parkin
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