To attain high and sustainable output growth with low levels and stable rates of unemployment is...
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To attain high and sustainable output growth with low levels and stable rates of unemployment is the major objective of macroeconomic policies. One of the most pressing problems facing the South African economy is unemployment, which has been erratic over the past few years. While the level of unemployment affects the rate of GDP-Growth, it also serves as an indicator of the country's state of the economy as it indicates how well the economy utilises its resources. Discuss the relationship between Unemployment and Economic growth in South Africa. In your opinion and based on the prescribed readings and further research, evaluate the measures that can be put in place to attain high and sustainable economic growth with stable rates of unemployment. Compulsory sources: Journal articles: Google Scholar Madito, O. and Khumalo, J., 2014. Economic growth-unemployment nexus in South Africa: VECM Approach. Mediterranean Journal of Social Sciences, 5(20), p.79. https://www.mcser.org/journal/index.php/mjss/article/viewFile/3711/3636 Makaringe, S.C. and Khobai, H., 2018. The effect of unemployment on economic growth in South Africa (1994-2016). https://mpra.ub.uni-muenchen.de/85305/1/MPRA_paper_85305.pdf Banda, H. and Choga, I., 2015. The impact of economic growth on unemployment in South Africa: 1994-2012. https://repository.nwu.ac.za/bitstream/handle/10394/25719/2015The impact.pdf?sequen You are required to carry out additional research. The following Learning Outcomes are assessed in this assessment Discuss the measure of economic growth Discuss the source of economic growth Propose Solutions to Unemployment To attain high and sustainable output growth with low levels and stable rates of unemployment is the major objective of macroeconomic policies. One of the most pressing problems facing the South African economy is unemployment, which has been erratic over the past few years. While the level of unemployment affects the rate of GDP-Growth, it also serves as an indicator of the country's state of the economy as it indicates how well the economy utilises its resources. Discuss the relationship between Unemployment and Economic growth in South Africa. In your opinion and based on the prescribed readings and further research, evaluate the measures that can be put in place to attain high and sustainable economic growth with stable rates of unemployment. Compulsory sources: Journal articles: Google Scholar Madito, O. and Khumalo, J., 2014. Economic growth-unemployment nexus in South Africa: VECM Approach. Mediterranean Journal of Social Sciences, 5(20), p.79. https://www.mcser.org/journal/index.php/mjss/article/viewFile/3711/3636 Makaringe, S.C. and Khobai, H., 2018. The effect of unemployment on economic growth in South Africa (1994-2016). https://mpra.ub.uni-muenchen.de/85305/1/MPRA_paper_85305.pdf Banda, H. and Choga, I., 2015. The impact of economic growth on unemployment in South Africa: 1994-2012. https://repository.nwu.ac.za/bitstream/handle/10394/25719/2015The impact.pdf?sequen You are required to carry out additional research. The following Learning Outcomes are assessed in this assessment Discuss the measure of economic growth Discuss the source of economic growth Propose Solutions to Unemployment
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International Marketing And Export Management
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Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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