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NAME: MATHAPO MAGUGU MBAZIMA
PROGRAM CODE: ECA 1332083610
PROGRAM: BACHELORS OF ARTS IN ECONOMICS
ASSIGNMENT 1
SUBJECT:MACRO-ECONOMICS
DUE DATE: 21st FEBRUARY 2014
QUESTION-Despite Zambia recording encouraging national income statistics it has always been argued that the actual living standards have been underestimated. True or False?
Zambian Standards of Living
Housing
Availability of suitable expatriate accommodation is good in most urban areas. Standards accommodation is a 3 bedroomed house mostly unfurnished detached house standing in it’s own plot, often with a swimming pool and full security provisions. Full range of furniture is available from local suppliers and it is also possible to have it made to order from quality Zambian wood at reasonable cost. Furnished properties can be found including opportunity to rent a flat. New arrivals are recommended to contact reputable estate agents, realtors who are listed in yellow pages as well as in a monthly publication called the lowdown or in daily newspapers.
Travel and vehicles
Zambia has no national airline but is served by a number of airlines that connect to international routes via Johannesburg, Cape town, Nairobi and dar-es-salam. Zambian airways awaair is a privately run airline with direct international routes to London as well as regional flights to Johannesburg, Harare and Lumumbashi, and local flights to various destinations within the country. Moreover, there is a thrice weekly British airways flight from the Lusaka international airport to London via Cape town, Johannesburg. Other international airlines operating in Zambia include South African Airways, Kenya Airways, Ethiopian Airlines and Nationwide. The Lusaka International Airport is approximately 20 kilometres from the town centre. All personal effects imported within 6 months of arrival are free of
PROGRAM CODE: ECA 1332083610
PROGRAM: BACHELORS OF ARTS IN ECONOMICS
ASSIGNMENT 1
SUBJECT:MACRO-ECONOMICS
DUE DATE: 21st FEBRUARY 2014
QUESTION-Despite Zambia recording encouraging national income statistics it has always been argued that the actual living standards have been underestimated. True or False?
Zambian Standards of Living
Housing
Availability of suitable expatriate accommodation is good in most urban areas. Standards accommodation is a 3 bedroomed house mostly unfurnished detached house standing in it’s own plot, often with a swimming pool and full security provisions. Full range of furniture is available from local suppliers and it is also possible to have it made to order from quality Zambian wood at reasonable cost. Furnished properties can be found including opportunity to rent a flat. New arrivals are recommended to contact reputable estate agents, realtors who are listed in yellow pages as well as in a monthly publication called the lowdown or in daily newspapers.
Travel and vehicles
Zambia has no national airline but is served by a number of airlines that connect to international routes via Johannesburg, Cape town, Nairobi and dar-es-salam. Zambian airways awaair is a privately run airline with direct international routes to London as well as regional flights to Johannesburg, Harare and Lumumbashi, and local flights to various destinations within the country. Moreover, there is a thrice weekly British airways flight from the Lusaka international airport to London via Cape town, Johannesburg. Other international airlines operating in Zambia include South African Airways, Kenya Airways, Ethiopian Airlines and Nationwide. The Lusaka International Airport is approximately 20 kilometres from the town centre. All personal effects imported within 6 months of arrival are free of