Answer to Question #325614 in Macroeconomics for Asa

Question

Provide a brief explanation on how the South African economic growth had been performing

since 2000. Further, what conclusions can be drawn from fuel tax increase effects on the

economic growth and public social welfare.

Answer 1

GDP Growth Rate in South Africa averaged 0.62 percent from 1993 until 2021, reaching an all time high of 13.90 percent in the third quarter of 2020 and a record low of -17.40 percent in the second quarter of 2020.