Extra RWEs Flashcards
1
Q
Japan Monetary Policy
A
2008
Deflation after economic crisis due to reduced consumption and investment
Made lending rate 0%
–> Free!
2
Q
GNI India
A
2000: $440
2022: $2100
3
Q
GNI DRC
A
2000: $100
2022: $550
4
Q
South Africa Unemployment
A
35% Unemployment
South Africa has a shortage of highly skilled workers.
–> Investment in education
To combat structural unemployment
5
Q
Cyclical unemployment
A
UK, 600,000 people left labor force following the economic contraction after Ukraine war started + covid 19
