Choose any one country, assess its current macroeconomic position and discuss what policies have been adopted by the monetary and fiscal authorities in the past year. What should the monetary and fiscal authorities be doing over the next year or so - Coursework Example

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Gross domestic product (GDP) is the financial estimation of all products and services delivered within a nations fiscal year at the market prices excluding all net income coming from abroad. It is usually used as a measure of how economically healthy a country is and how well…
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Choose any one country, assess its current macroeconomic position and discuss what policies have been adopted by the monetary and fiscal authorities in the past year. What should the monetary and fiscal authorities be doing over the next year or so
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Extract of sample "Choose any one country, assess its current macroeconomic position and discuss what policies have been adopted by the monetary and fiscal authorities in the past year. What should the monetary and fiscal authorities be doing over the next year or so"

Download file to see previous pages It is calculated as (GDP = C+G+I+NX) the addition of the money incurred on private consumption or consumer spending (C) added to the governments’ expenditure (G), expenditure of the business carried out by the country on capital expenses (I) and the addition to all the country’s worth of exports subtracting the imports made (NX). To get the real growth rate of a country which is used to measure its wealth and value of the standard of living, the inflation rate must be subtracted from the GDP to give the real growth of the GDP which is usually termed as the real GDP. There are several factors affecting the GDP of a country. These can be classified as demand and supply side factors. The demand factors are basically affected by a rise in producer consumption, government expenditure, capital expenses and exports leading to a higher growth. These include the Banking Sector, Real Wages, Value of Exchange Rate, Asset Prices, Interest Rates, Consumer Confidence. The long term investments of a country such as great infrastructure, increase in great technology and labor productivity in terms of human labor also influence GDP greatly. An increase in commodity prices of things such as oil; political instability and weather have a great influence on the real GDP. This paper focuses on South Africa, its real GDP, its history of the monetary evolution and the factors affecting it, its position after the great recession, what has been done to improve its financial position and what should be done to improve its current economic health.
South Africa has the 18th largest economy in the world. It is characterized by a well developed legal system, great energy production plants, good human labor policies and great infrastructure. Its major sources of income are mining, agriculture and fisheries and tourism. After the Second World War it did experience the apartheid era from 1984 to 1993 (Feinstein, 2005). South ...Download file to see next pagesRead More
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