How are the economies of South Africa and Nigeria different from each other? Thank you!

Social Studies

1 answer:

Anastaziya [24]3 years ago

8 0

Answer:

According to the International Monetary Fund which uses an approximate official rate of N304 for every US dollar, Nigeria will emerge victorious. Using this figure places the country’s GDP at $395 billion. However, basing the calculations on the Naira’s market price which is about 20% weaker than the official price, the GDP value goes down remarkably. This would place Nigeria behind South Africa which is currently rated at $344 billion.

Explanation:

:D Stan Seventeen and Twice

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