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ECS1601 ASSESSMENT 7 2022 SEMESTER 2
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ECS1601 ASSESSMENT 7 2022 SEMESTER 2 ECS1601 ASSIGNMENT 7 SEMESTER 2 2022
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11/10/22, 10:04 PM Assessment 7: Attempt reviewMENU
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
Started on Thursday, 10 November 2022, 7:17 PM
State Finished
Completed on Thursday, 10 November 2022, 8:26 PM
Time taken 1 hour 8 mins
Marks 20.00/30.00
Grade 66.67 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
In the Keynesian model, government expenditure …
Select one:
a. increases with investment because investment increases the size of the tax base.
b. is determined by the level of tax revenue.
c. is undertaken solely to regulate the level of spending.
d. can be ignored because investment is taken to be the key determinant of income.
e. is taken to be autonomous because it is subject to government policy.
The correct answer is: is taken to be autonomous because it is subject to government policy.
Question 2
Correct
Mark 1.00 out of 1.00
In the Keynesian model including the government and foreign sectors, imports are dependent on …
Select one:
a. investment.
b. exchange rates.
c. interest rates.
d. domestic income.
The correct answer is: domestic income.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6464559&cmid=213776 1/17
,11/10/22, 10:04 PM Assessment 7: Attempt review
Question 3
Incorrect
Mark 0.00 out of 1.00
MENU
The question is based on the information below:
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
If the Keynesian saving function is S = -100 + 0.2 Y and disposable income is R 10 000, then:
The amount of total consumption is
Answer:
8000
The correct answer is: R8 100
Question 4
Correct
Mark 1.00 out of 1.00
Other things equal, a reduction in personal and business taxes can be expected to ...
Select one:
a. increase aggregate demand and decrease total real production.
b. increase both aggregate demand and total real production.
c. decrease both aggregate demand and aggregate supply.
d. decrease aggregate demand and increase aggregate supply.
The correct answer is: increase both aggregate demand and total real production.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6464559&cmid=213776 2/17
, 11/10/22, 10:04 PM Assessment 7: Attempt review
Question 5
Correct
Mark 1.00 out of 1.00
MENU
Given the following information:
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
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:
320000000000
The correct answer is: 320 billion
Question 6
Incorrect
Mark 0.00 out of 1.00
Given the AD-AS model, if the national incomes of the major trading partners of South Africa (SA) were to rise, SA's ...
Select one:
a. aggregate supply curve would shift to the right.
b. aggregate demand curve would shift to the right.
c. aggregate supply curve would shift to the left.
d. aggregate demand curve would shift to the left.
The correct answer is: aggregate demand curve would shift to the right.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6464559&cmid=213776 3/17
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