in 2020, South Africa's real GDP had decreased by about 6.43 percent compared to the previous year. explain in two or three sentences why,according to the harrod domar growth equation, economic growth portrayed this tendency. theoretical meaning methodology meaning variable meaning explanation

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter16: Economic Growth
Section: Chapter Questions
Problem 3E
icon
Related questions
Question

Typed plz and asap don't use any AI bot plzz

in 2020, South Africa's real GDP had decreased by about 6.43 percent compared to the previous year. explain in two or
three sentences why, according to the harrod domar growth equation, economic growth portrayed this tendency.
theoretical meaning
methodology meaning
variable meaning
explanation
Transcribed Image Text:in 2020, South Africa's real GDP had decreased by about 6.43 percent compared to the previous year. explain in two or three sentences why, according to the harrod domar growth equation, economic growth portrayed this tendency. theoretical meaning methodology meaning variable meaning explanation
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Rule of 70
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics:
Economics:
Economics
ISBN:
9781285859460
Author:
BOYES, William
Publisher:
Cengage Learning
Macroeconomics: Private and Public Choice (MindTa…
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning