ECS2603 - South African Economic Indicators (ECS2603)
Hochschule
University Of South Africa (Unisa)
THIS DOCUMENT CONTAINS EXPECTED QUESTIONS AND ANSWERS FOR ECS2603 ASSESSMENT 1 OF SEM 2 2024. using it correctly as guide will help you score above 75%
ECS2603 - South African Economic Indicators (ECS2603)
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Question 1 The table below presents the gold price per ounce from 2013 to 2020. What is the
Answer saved simple average (1 decimal place and leave out the R sign) of the data set?
Marked out of Gold Price (R per
3.00 Year
ounce)
Flag 2013 23050.6 OSCAR THE TUTOR
question 2014 24892.7 whatsapp +27737560989
2015 24570.1 for
2016 25321.9
FAC,MAC,ECS,TAX,FIN,INV,QMI,BNU,M
NB,MNG ,STA tutoring
2017 26852.7
2018 27000.9
2019 26159.3
2020 27815.3
Answer: 25707.9
Question 2 If the South African Reserve Bank (SARB) increases the repo rate from 5% to 6% by
Answer saved how many basis points did the repo rate increases?
Marked out of
3.00
Answer: 100
Flag
question
Question 3 If the nominal rand/dollar exchange rate changes from R13.62/$ to R16.09/$, what
Answer saved is the percentage change in the exchange rate? Round off your answer to 2 decimal
Marked out of
places and leave out the % sign.
3.00
Flag
question Answer: 18.14
Question 4 If gross domestic product increases from R4732642 million to R5261601 million
Answer saved what is the absolute change in R millions in gross domestic product (GDP)?
Marked out of
In your answer leave out the R sign and there should be no spaces between the
3.00 figures
Flag OSCAR THE TUTOR
question whatsapp +27737560989
Answer: 528959
for
FAC,MAC,ECS,TAX,FIN,INV,QMI,BNU,MNB,MN
,STA tutoring
Question 5 If gross domestic product increases from R4187265 million to R5283188 million
Answer saved what is the percentage change (one decimal point and leave out the % sign) in
,Marked out of gross domestic product (GDP)?
3.00
Flag
question Answer: 26.2
Question 6 The table below represents the gold price per ounce from 2013 to 2020. What is the
Answer saved median (1 decimal place and leave out the R sign) of the data set?
Marked out of Year Gold Price (R per ounce)
3.00
2013 23050.6
Flag
question 2014 24892.7
2015 24570.1
2016 25321.9
2017 26852.7
2018 27000.9
2019 26691.5
OSCAR THE TUTOR
2020 27786.1 whatsapp +27737560989
for
FAC,MAC,ECS,TAX,FIN,INV,QMI,BNU,MNB,
MNG ,STA tutoring
Answer: 25817.6
Question 7 The table below represents the gold price per ounce from 2013 to 2020. What is the
Answer saved three year moving average (1 decimal place and leave out the R sign) for 2018?
Marked out of Year Gold Price (R per ounce)
3.00
2013 23050.6
Flag
question 2014 24892.7
2015 24570.1
2016 25321.9
2017 26852.7
2018 27105
2019 26159.3
2020 27786.1
Answer: 26705.7
OSCAR THE TUTOR
whatsapp +27737560989
for FAC,MAC,ECS,TAX,FIN,INV,QMI,BNU,MNB,MNG ,STA
tutoring
,Question 8 If the South African Reserve Bank (SARB) increases the repo rate from 4% to 5% by
Answer saved how many percentage points ( two decimal places and leave out the percentage
Marked out of
sign) did the repo rate increases?
3.00
Flag
question Answer: 1
Question 9 If private investment is R580175 million and GDP is R3825254.2 million what is the
Answer saved private investment as a percentage (1 decimal place leave out the % sign) of GDP?
Marked out of
3.00
Flag
question OSCAR THE TUTOR
whatsapp +27737560989
Answer: 15.2 for
FAC,MAC,ECS,TAX,FIN,INV,QMI,BNU,MNB
MNG ,STA tutoring
Question 10 An important skill you need to master in this course is to be able to find relevant
Answer saved data. This activity teaches you how to find information in the
Marked out of SARB Quarterly Bulletin. The following question is based on the Quarterly Bulletin –
3.00 No 302 – December 2021.
Flag To answer this question you need to download the following attachment
question
of the
How to find and download the Quarterly Bulletin.
Which of the following statements are correct with regards to page S-114 of the
Quarterly Bulletin, December 2021.
Select one or more:
The title of the page is National income and production accounts of South
Africa.
The data is in R million.
, The data is on a quarterly basis.
Most of the data provided is at current prices.
Only data at constant 2015 prices are provided.
All the data is provided for both current and constant 2015 prices.
The data is provided on a yearly basis.
The KBP code for gross value added at factor cost is given as 6006J.
The data is annaulised.
The value for gross domestic expenditure for 2019 is R5 573 759 million.
The data is provided for the period 2010 to 2020.
Gross domestic product at market prices for 2020 was lower than for
2019.
Question 11 An important skill you need to master in this course is to be able to find relevant
Answer saved data. This activity teaches you how to find information in the
Marked out of SARB Quarterly Bulletin. The following question is based on the Quarterly Bulletin –
3.00 No 302 – December 2021.
Flag To answer this question you need to download the following attachment
question
OSCAR THE TUTOR
whatsapp +27737560989
for
of the FAC,MAC,ECS,TAX,FIN,INV,QMI,BNU,MNB,M
NG ,STA tutoring
How to find and download the Quarterly Bulletin.
Which of the following statements are correct with regards to page S-115 of the
Quarterly Bulletin, December 2021.
Select one or more:
The title of the page is Expenditure on gross domestic product.
The data is in R million.
The data is on a quarterly basis.
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