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ECS2603 ASSESSMENT 7 SEM 2 OF 2024 expected questions and answers

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this document contains ECS2603 ASSESSMENT 7 SEM 2 OF 2024 expected questions and answers as well as the relevant economic tables at the end. correct use will help you score above 75%

Last document update: 1 year ago

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  • May 31, 2023
  • October 17, 2023
  • 160
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

3  reviews

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By: prettymaluleke • 6 months ago

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By: daisykhuzwayo • 7 months ago

There are some questions that do not have answers

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By: denverprins1 • 1 year ago

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Question 29
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The question is based on the following information:
Item R million
Total government revenue 510


Current government revenue 490
Current government expenditure 520
Non-interest expenditure 526
Cyclically adjusted revenue 480
Cyclically adjusted expenditure 500
The primary budget balance is R____million.
If the balance is negative indicate it using the minus sign in your answer for instance -32




Answer: -36

,Question 30
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The following questions are about the possible impact of Covid-19 on South Africa’s economic performance for 2020 in comparison to
that of 2019.
The data sources are:
South African Reserve Bank, Quarterly Bulletin March 2023 pages S-115, S-117 and S-119.
Covid-19 can be regarded as a cyclical variation.
True
False

Investment is a flow variable.
True
False




The economic growth rate for 2020 was
- 5.9 %

In 2020, final consumption expenditure by households in real terms declined by R 175854 million

In 2020, in percentage terms, real gross capital formation declined by 25.37 %

Based on the second quarter of 2020, what was the annualised growth rate based on a quarter to the same quarter of the previous year
method?
- 41.1 %

In 2020, in percentage terms, the primary sector declined by
2.04 %

In 2020, in real terms, the tertiary sector declined by
R 3988 million

The South African economy is currently in a downward phase of the business cycle.

True
False

,Question 25 Time left 1:50:38
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The question is based on the following table:


GDE deflator
Year GDE at current pricesGDE at constant prices (percentage) % change in GDE deflator
2011 29600 30083
2012 30600 30600
2013 32940 31200


What is the GDE deflator for 2011?


Answer: 98.4




Question 26

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The questions are based on the Balance of Payments from the SARB Quarterly Bulletin, March 2023 pages S-84 and Expenditure on gross domestic product S-117.
The balance on the current account for 2022 is -R ____ million.

- 31789

For the period 2015 to 2022 the balance on the current account recorded deficits for every year.

True
False

If a country records a trade surplus, it follows that the export of goods as a percentage of GDP is ______ than the import of goods as a percentage of GDP.

smaller
greater

The trade balance as a percentage (%) of nominal GDP in 2022 was ____ %.

3.3

For how many years in the period 2015 to 2022 were net direct investments positive?

5

In which one one of the following years did South African residents increase their acquisition of foreign portfolio financial assets.

2022
2020

, Question 27

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The questions in this part are based on Exchange Rates in the SARB Quarterly Bulletin, March 2022, S-112.
In 2021 the rand depreciated against the Brazilian Real, Chinese Yuan, EU Euro, UK Pound and US Dollar.


True
False

In October 2021 the rand/Japanese yen was 13.138 (3 decimal places)


In 2020 the Rand/Botswana pula exchange rate was 143.52 (2 decimal places)

In March 2021 the South African rand _____ against the Chinese yuan compared to February 2021.

appreciated
depreciated




Question 28

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If a 12 month bill with a face value of R100 000 is sold for R92 000 the discount is R 8000 and the discount rate is 8 %. The yield or interest earned

by the holder of the bill is 8.7 % (one decimal).

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