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Homework answers / question archive / The information in the table below shows the national accounts figures for South Africa between 2015 and 2016

The information in the table below shows the national accounts figures for South Africa between 2015 and 2016

Economics

The information in the table below shows the national accounts figures for South Africa between 2015 and 2016. Use the information to answer the questions that follow:

1.1. Calculate gross domestic product (GDP) for 2015 and 2016 ?

1.2Calculate the economic growth rate between 2015 and 2016

1.3Calculate the net exports for the year 2015 and comment on the effect of this figure on economic growth in South Africa.

1.4Calculate net domestic product for the year 2016.

1.5Calculate net national product for the year 2016.

Component

2015

(R millions)

2016

(R millions)

Final consumption expenditure by households

1 853 657

1 864 436

Final consumption expenditure by general government

614 957

628 434

Gross capital formation

655 457

602 458

Exports of goods and services

909 345

912 546

Imports of goods and services

966 025

928 730

Primary income from the rest of the world

98 016

87 773

Primary income to the rest of the world

198 382

208 243

Consumption of fixed capital

433 604

445 724

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