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ECS3709 Assignment 4 PORTFOLIO (COMPLETE ANSWERS) Semester 2 2026 - DUE October 2026

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Exam study book Applied Macroeconomics of Christian A. Conrad - ISBN: 9783658393151 (error)

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ECS3709
Assignment 4 PORTFOLIO 2026
Unique number:
Due date: October 2026


SECTION A: Living standards and economic growth

A1(i) GDP per capita in South Africa, India and the World, 2010 to 2025

Between 2010 and 2025, the World maintained the highest real GDP per person,
increasing from approximately US$9,322 to US$12,131. South Africa remained
second, but its figure fell from about US$5,954 to US$5,713. India started with the
lowest figure, around US$1,235, and rose steadily to US$2,523. India therefore
made the largest proportional improvement, whereas South Africa made no lasting
improvement across the full period. All three series declined in 2020, followed by a
much stronger recovery in India and the World than in South Africa (World Bank,
2026).

, SECTION A: Living standards and economic growth

A1(i) GDP per capita in South Africa, India and the World, 2010 to 2025

Between 2010 and 2025, the World maintained the highest real GDP per person,
increasing from approximately US$9,322 to US$12,131. South Africa remained
second, but its figure fell from about US$5,954 to US$5,713. India started with the
lowest figure, around US$1,235, and rose steadily to US$2,523. India therefore
made the largest proportional improvement, whereas South Africa made no lasting
improvement across the full period. All three series declined in 2020, followed by a
much stronger recovery in India and the World than in South Africa (World Bank,
2026).




Figure 1. GDP per capita in constant 2015 US dollars, South Africa, India and the World, 2010 to 2025.
World Bank chart screenshot.

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Christian A. Conrad Applied Macroeconomics
Publisher: 2022 ISBN: 9783658393151 Edition: Unknown

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