Assess how an increase in export prices will affect the South African economy
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The study examined the impact of foreign trade on economic growth in South Africa. The results show that inflation rate, exports and exchange rate are positively related to GDP, while import has a negative influence on GDP.
Good economic development also creates and maintains quality infrastructure (IE roads and sewers) and helps communities adopt and maximize new technology. The simplest way economic development has a positive impact is by increasing the income of workers in the economy
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