Exam (elaborations)
Ecs1601 Assignment 3 semester 1 2023
- Course
- Institution
The document contains Assignment question Together with answers Distinction Guaranteed 100% multiple Attempts done Whtsapp
[Show more]
10 reviews
By: refilwemokoena14231 • 3 months ago
By: marlidb07 • 1 year ago
By: thembiradebe57 • 1 year ago
By: marthabruno • 1 year ago
Excellent references
By: ExpertAcademy • 1 year ago
Thanksmy brother
By: letlhogonolosebotsane • 1 year ago
By: tinyekozitha • 1 year ago
By: nomsaf38 • 1 year ago
Seller
Follow
ExpertAcademy
Reviews received
Content preview
4/13/23, 3:49 PM Assessment 3: Attempt reviewMENU
Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS1601-23-S1 / Online assessments / Assessment 3
Started on Thursday, 13 April 2023, 3:11 PM
State Finished
Completed on Thursday, 13 April 2023, 3:11 PM
Time taken 27 mins 55 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Suppose government expenditure in South Africa is R10 billion while autonomous consumption and investment spending are R25 billion
and R50 billion respectively. Autonomous exports are R100 billion and autonomous imports are R35 billion. Also, c = 0,85; t = 0,275 and m =
0,125. What is the equilibrium level of income in the economy? (Hint: at each step of your calculations, round off to 2 decimal places)
a. R167.5 billion
b. R295.5 billion
c. R365 billion
d. R150 billion
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=9262593&cmid=622369 1/11
,4/13/23, 3:49 PM Assessment 3: Attempt review
Question 2
Correct
Mark 1.00 out of 1.00
MENU
Use a Keynesian model to calculate the answer.
Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS1601-23-S1 / Online assessments / Assessment 3
Full employment output = R80 million
Investment = R20 million
Autonomous consumption = R15 million
The marginal propensity to consume = 0,6.
The value of aggregate autonomous spending is
Answer:
35 million
Question 3
Correct
Mark 1.00 out of 1.00
Suppose that the economy is open and has a public sector. In the Keynesian model, we can say that …
a. a fall in autonomous consumption will raise the multiplier and decrease aggregate expenditure
b. an increase in the tax rate will increase the multiplier and raise aggregate expenditure
c. a fall in the marginal propensity of imports will raise the multiplier and aggregate expenditure will rise
d. a fall in autonomous imports will raise the multiplier and aggregate expenditure will rise.
The factors that impact the multiplier are discussed in section 7.3. of the prescribed textbook
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=9262593&cmid=622369 2/11
,4/13/23, 3:49 PM Assessment 3: Attempt review
Question 4
Correct
Mark 1.00 out of 1.00
MENU
Suppose that the South African Reserve Bank decides to ______ the interest rate. The impact on the investment function is a/an _________ in
Dashboard spending
investment / Courses
and/ will
UNISA
result/in2023 / Semester
a/an ________ shift 1in /theECS1601-23-S1 / Onlinecurve.
aggregate expenditure assessments / Assessment 3
a. lower; decrease; downward
b. raise; increase; upward
c. lower; increase; downward
d. raise; decrease; downward
See section 8.2. of the prescribed textbook.
Question 5
Correct
Mark 1.00 out of 1.00
Use a Keynesian model to calculate the answer.
Full employment output = R80 million
Investment = R20 million
Autonomous consumption = R15 million
The marginal propensity to consume = 0,6.
The value of the multiplier is
Answer:
2.5
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=9262593&cmid=622369 3/11
, 4/13/23, 3:49 PM Assessment 3: Attempt review
Question 6
Correct
Mark 1.00 out of 1.00
MENU
Given the following information:
Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS1601-23-S1 / Online assessments / Assessment 3
Autonomous consumption spending 50 billion
Marginal propensity to save 0.25
Investment spending 20 billion
Government spending 10 billion
What is the equilibrium level of income?
Answer:
320 billion
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=9262593&cmid=622369 4/11
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExpertAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.84. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now