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Economics doubt P3 and P4, post it all in here!

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The economy of South Africa is growing faster than its potential growth rate. The Governor of the
central bank of South Africa said ‘This is why we have inflation. We need to deal with inflation as
it does not lead to job creation. Interest rates are the only tool available to control inflation’.

Do you agree with the Governor’s opinion on inflation?
how to explain it
 
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Answer my question too...pleaase !thank
Economic growth is GDP, how do we measure the GDP?
1) Output method
2) Income method
3) Expenditure method

Explain these and draw the graphs.




Thanks a lot !!! May i know your source of authenticity ? Acually i gave the same ans as u have mentioned to my Sir but he rajected it saying u Need to include education ,health etc ...and what are the diagrams to be drawn ?
 
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