Economics South Africa-global
Agriculture changes drastically :
modern communication , tech + new research
Macro environment in RSA
GOP gross domestic product
&
impacts : ·
personal finance ,
investments ,
job growth
·
investors :
look of nations growth rate ; decide adjust assets +
compare country grate to find best int.
and purchase growing shares
·
Federal Reserve Shank in US] uses GDP +
growth rate to determine money policies
GDP definition : total market value of all goods t services produced in
year , equal to total consumes , investme
C I
:
gov spending plus exports minus imports +
+ G +
X -
Im
?
Growing
-
seconomy 4 answers
1 SA nominal GDP Real GDP GDP
. 2 . GDP 3 .
growth rate 4 .
per Capita
-economic output in
country
-
nominal GDP year-to-year %increase -estimated standard of
-
doesn't include inflation of economic output living
-
compare fig .
from diff .
years
-
"4 to4 compare countries
-lower than nominal GDP -negative (months) : secession -
take out : inflation , excha
-negative (years] depression populatio
:
rate ,
-growth rate too high : Inflation difference
-2 %
g .
rate : ideal :
sustainable
Problems with GDP -
fastes : asset bubble
·
doesn't include environmental price e pollution doesn't impact society well-being
gdp costs eg .
plastic o measure costs
more accurate :
measure country's standard of living includes environmental conditions
doesn't include unpaid service unpaid childcare significant impact +
gap voluntees - tho they economy
·
; + even have on
Stan. of
l
·
gap doesn't include black economy ,
underestimates economic output in countries where
people get income
from illegal activities - products asn't taxed ,
not shown in
gov. records ; 8 .
8% of gap in US a black mar
GOP growth rate : bubble SA's Wildlife : Wildebeest :
2013 : 571000 2018 : 1000 000 2018 :
10000
How bubbles develop
: 5 stages
1.
high returns : investors see new
product with huge return [20 % +] and replace investments
.
2 boom :
stampede to get in on investment : increase In price
.
3 greater fool :
everyone thinks price continues to increase
4
. profit taking :
analytics realize prices have reached max peak :
sell assets before bubble bursts
.
5 panic :
prices drop quickly : investors sell at any price they can receive
Agriculture changes drastically :
modern communication , tech + new research
Macro environment in RSA
GOP gross domestic product
&
impacts : ·
personal finance ,
investments ,
job growth
·
investors :
look of nations growth rate ; decide adjust assets +
compare country grate to find best int.
and purchase growing shares
·
Federal Reserve Shank in US] uses GDP +
growth rate to determine money policies
GDP definition : total market value of all goods t services produced in
year , equal to total consumes , investme
C I
:
gov spending plus exports minus imports +
+ G +
X -
Im
?
Growing
-
seconomy 4 answers
1 SA nominal GDP Real GDP GDP
. 2 . GDP 3 .
growth rate 4 .
per Capita
-economic output in
country
-
nominal GDP year-to-year %increase -estimated standard of
-
doesn't include inflation of economic output living
-
compare fig .
from diff .
years
-
"4 to4 compare countries
-lower than nominal GDP -negative (months) : secession -
take out : inflation , excha
-negative (years] depression populatio
:
rate ,
-growth rate too high : Inflation difference
-2 %
g .
rate : ideal :
sustainable
Problems with GDP -
fastes : asset bubble
·
doesn't include environmental price e pollution doesn't impact society well-being
gdp costs eg .
plastic o measure costs
more accurate :
measure country's standard of living includes environmental conditions
doesn't include unpaid service unpaid childcare significant impact +
gap voluntees - tho they economy
·
; + even have on
Stan. of
l
·
gap doesn't include black economy ,
underestimates economic output in countries where
people get income
from illegal activities - products asn't taxed ,
not shown in
gov. records ; 8 .
8% of gap in US a black mar
GOP growth rate : bubble SA's Wildlife : Wildebeest :
2013 : 571000 2018 : 1000 000 2018 :
10000
How bubbles develop
: 5 stages
1.
high returns : investors see new
product with huge return [20 % +] and replace investments
.
2 boom :
stampede to get in on investment : increase In price
.
3 greater fool :
everyone thinks price continues to increase
4
. profit taking :
analytics realize prices have reached max peak :
sell assets before bubble bursts
.
5 panic :
prices drop quickly : investors sell at any price they can receive