1.3 Read the following extract and answer questions 1.3-1.5. South Africa's economy grew by 1.1% in the first quarter of the year Stats SA has published the latest gross domestic product (GDP) data covering the first quarter of the year, showing that the economy grew by 1.1% in the first three months of 2021. The growth follows a revised 1.4% rise in real GDP in the fourth quarter of 2020. On an annualised basis, th economy grew 4.6% quarter-on-quarter. Following confusion caused by the annualisation of GDP data in 2020 - amid the Covid-19 pandemic and resulting lockdowns - Stats SA said it would no longer use the annualised data as the headline GDP statistic
1.3 Read the following extract and answer questions 1.3-1.5. South Africa's economy grew by 1.1% in the first quarter of the year Stats SA has published the latest gross domestic product (GDP) data covering the first quarter of the year, showing that the economy grew by 1.1% in the first three months of 2021. The growth follows a revised 1.4% rise in real GDP in the fourth quarter of 2020. On an annualised basis, th economy grew 4.6% quarter-on-quarter. Following confusion caused by the annualisation of GDP data in 2020 - amid the Covid-19 pandemic and resulting lockdowns - Stats SA said it would no longer use the annualised data as the headline GDP statistic
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 7PA
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