Collect data on South Africa’s over the period 2000-2020 for the following variables:
Revenue as a share of GDP (Gross Domestic Product)• External debt stock as a share of GNI (Gross National Income)• Gross savings as a share of GDP • Gross national expenditure as a share of GDP• GDP growthPresent this data on a Table. Then plot external debt, gross savings and GDP growth on a graph and discuss their evolution over time. Furthermore, briefly discuss the current state of the economy based on these variables. (20%)d) Provide a policy recommendation for South Africa. (10%)Note: Data is available from the World Bank Development Indicators Dataset. http://databank.worldbank.org/data/reports.aspx?source=world-development-indicators
Sample Solution
