Majority of the people of South Africa face the harsh reality of not working. Therefore more people are in need of work‚ hence South Africa needs to have more inclusive labour market. Statistically the numbers show that out of a population of 50 million people‚ only 13.1 million are employed. This means the majority of South Africans face further challenges of poverty‚ inequality and social inequities as a result of the exclusion from the labour market (National Treasury‚ 2011). Of the people included
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economy has been suffering from severe and persistent regression since the mid-1980’s. Its GDP‚ which was US $93.3bn in 1980 is now currently about one-quarter of what it was a quarter of century ago." The movement backward has been so fast‚ that Nigeria‚ which was ranked 20th in terms of size of its GDP currently ranked 57th. Moreover‚ associated with this serious economic retrogression in terms of GDP‚ is the deepening level of poverty in the country. For example‚ according to NHDR (1998)‚ it
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With reference to one animal or human disease‚ explain why its economic consequences vary spatially. Abstract The AIDS epidemic claimed more than 3 million lives in 2002‚and an estimated 5 million people acquired the human immunodeficiency virus (HIV) in 2002 - bringing to 42 million the number of people globally living with the virus. As the world enters the third decade of the AIDS epidemic‚ the evidence of its impact is undeniable. Wherever the epidemic has spread unchecked‚ it is robbing countries
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describing the following indicators that may be used to explain levels of development within countries: (a). (b). (c). Gross National Product (GNP) Child (Under- five) Mortality Rate Human Development Index (HDI) TABLE OF CONTENTS 1. Introduction 2. Defining Development Indicators 3. Gross National Product 3.1 Advantages of GNP 3.2 Disadvantages of GNP 4. Child (under - Five) Mortality 4.1 Advantages of child (under-five) Mortality 4.2 Disadvantages of child (under-five) Mortality 5. Human Development
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Concepts Mastery Level of Economic Growth 100% Questions 4 4. Which of the following equals the market value of all final goods and services produced in an economy‚ stated in the prices of a specific base year? A. Nominal GNP B. Nominal GDP C. Real GDP D.
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of goods and services produced in a country over a given period‚ usually a year. Simply‚ it is the total amount of income earned by the citizens of a nation. The term national income normally refers to the Gross National Product (GNP) of a country in a given year. GNP is a measure of the total market value of final goods and services produced by all the citizens of a nation in a year. There are three main approaches to measuring National Income these are; 1. The Income Approach 2. The Output/Product
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ECON 846 International Monetary Policy Semester 1 2013 • • • • • • Definition‚ subject & text Lecturers Assessment Lecture program 4 instant classics on international monetary policy National income accounting & the balance of payments Footer to be inserted here 1 Definition‚ subject & text •International monetary policy is about public-sector decisions concerning inflation‚ interest and exchange rates‚ where such decisions involve more than one country or currency. •ECON846 enables you
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PHOENIX. If no comments are made …. I will stop posting. ------------------------------------------------- 1. Business cycles occur when output Hint: Business cycles fluctuate over time around the linear trend of gross domestic product (GDP). A. falls below its potential B. rises above its potential C. is fixed at its potential [ D. fluctuates around its growth trend ] The business cycle includes the tendency for output to rise and fall in the short term. When
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Economic Environment * In 1987‚ Ireland was the poorest member of the EEC * Unemployment topped 17% and GDP per capita was 69% of the EEC average * Debt consumed a third of the government revenue * Intellectuals flooded out the country in search for employment * The resurgence of the Ireland’s economy in the twenties century. * GDP growth reached 10% with an average of 6.3% while unemployment had plummeted to 5% * The government revenue increased
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Economics 515 AU11 Midterm 1 Review 1. Explain the difference between economic growth and economic development. Define extensive growth. Define intensive growth A) Economic growth is defined by increases in GDP. B) Whereas‚ economic development is more of a vague measure usually incorporating social measures such as literacy rates or life expectancy as a means of measuring a country ’s level of development. C) Extensive Growth‚ is based on the expansion of the quantity
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