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Grade 10 > Business Studies- SA's Economics > Flashcards

Business Studies- SA's Economics Flashcards

1
Q

Inflation rate

A

Drought- food imported- June/July 2014
Petrol price increase- June/July 2014- high inflation rate
2017 inflation rate 6,9% + new minimum wage

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2
Q

GDP growth

A

Total amount of goods and services bought each year in a country.
More spent, higher GDP
GDP doesn’t grow= recession- 2010 FIFA

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3
Q

Exchange rates

Rand vs $

A

2011 strongest
2015 R13,4 to $
Rand’s weakening

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4
Q

Exchange rates

Rand vs £

A

2011 strongest
Rand’s weakening- R17 to £
Brexit strengthened rand

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5
Q

Exchange rates

Rand to €

A

Strongest 2011- people investing in SA, 2010 World Cup

Weakest in 2014- drought?

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6
Q

Interest rates

A 
Lowest 2013 (5%)
Today (7,5%)
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Grade 10 (16 decks)

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