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ECS1601 ASSIGNMENT 6 SEMESTER %
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,Semester2 / ECS1601-22-S2 / Online assessments / Assessment6
Started on Tuesday, 25 October 2022, 1:17 PM
State Finished
Completed on Friday, 28 October 2022, 6:59 PM
Time taken 3 days 5 hours
Marks 19.00/19.00
Grade 100.00 out of 100.00
Question 1
Correct
" Semester2 / ECS1601-22-S2 / Online assessments / Assessment6
Question 2
Correct
In the business cycle, the recession phase is followed by a/an ...
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1.00
a. upswing Y Flag question
® b. trough www.thundershare.net wv
c. downswing
d. peak
Semester2 / ECS1601-22-S2 / Online assessments / Assessment6
Question 3
Correct
When the economy experiences stagflation, He AOHORG SABTBAbes a price level
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that is than the equilibrium price level and the unemployment rate is
1.00
than full employment.
¥ Flag question
,Semester2 / ECS1601-22-S2 / Online assessments / Assessment6
Question 4
Correct
Which of the following statements regarding policy measures to reduce
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unemployment is/are correct?
1.00
¥ Flag question
a) Additional employment opportunities can be created by increasing automated
production of goods and services.
www.thundershare.net
b) Consumption and investment must be lowered by increasing taxes or interest
rates.
¢)The population growth rate must be lowered.
rrr mr Question 5
Correct
Suppose that real GDP for 2009 was 1 000 and the rate of economic growth
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between 2009 and 2010 was 5%, what is real GDP for 2010?
1.00
¥ Flagq
Question. 6
Correct
In the business cycle, the opposite of a peak is a/an ...
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1.00
a. upswing Y Flag question
® b. trough www.thundershare.net v
c. downswing
d. recession
, Question 7
Correct
Which one of the following statements regarding unemployment is correct?
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1.00
a. Lebo would like to earn money, but jugdaanneheersAspergetto apply for a \" Flag question
job. Lebo is seasonally unemployed.
© b. Following a recession, Mandla loses his job in the mines job due to lack it
of sufficient demand for aggregate demand in the economy. Mandla is
cyclically unemployed.
Question 8
Correct
Which one of the following is not a source of economic growth?
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1.00
5 ee www.thundershare.net .
a. capital widening ¥ Flag question
© b. imports vi
' c. government spending
— d. natural resources
Question 9
Correct
Which of the following statements regarding economic growth is correct?
www.thundershare.net Mal BU ut ct
7.00
a. If nominal GDP in Swaziland increased by 5% between 2015 and 2016, it can ¥ Flag question
be said that the country has undoubtedly experienced economic growth
during this period.
Question 1 0
Correct
If the number of people classified as unemployed is 20 000 and the number of
people classified as employed is 230 000, what is the unemployment rate? Maree ox ct
1.00
¥ Flag question
© a. 8% www.thundershare.net
b. 8,7%
€.9,2%
) d.11,5%
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