1. Budget Speech - Global Economics
Figure 1 shows total real government expenditure in 2005 Rand and as a percentage of GDP. ... Conventional theory divides the effects of increased government spending into two components. ... Government spending is multiplied by a consumption effect when it maps to GDP. ... One period after government expenditure began to increase rapidly, GDP followed the same trend. ... The grey line, measured against the right-hand axis, is an index of employment in the public sector with the year 2000 set to 100. ...
- Word Count: 2383
- Approx Pages: 10
- Grade Level: Undergraduate