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ECS1601 ASSIGNMENT 6 2023
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ECS1601 ASSIGNMENT 6 2023
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Economics IB (Macroeconomics I) - ECS1601
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ECS1601 ASSIGNMENT 3 OF 2024 SEMESTER 2 EXPECTED QUESTIONS AND ANSWERS
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Door: lindiwemtsweni34 • 9 maanden geleden
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Door: passmatetutorials • 9 maanden geleden
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PASSMATE TUTORIALSDISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE FRAMEWORK
IS NOT PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A
POSSIBLE SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS
FRAMEWORK IS ONLY INTENDED TO ASSIST STUDENTS IN GETTING STARTED
WITH THEIR ASSIGNMENT, AND IN NO CASE THIS DOCUMENT SHOULD BE
USED FOR CHEATING, THUS NO STUDENT IS ENCOURAGED TO COPY THIS
DOCUMENT, NOR ITS SECTIONS FOR SUBMISSION. WE BELIEVE THE
FRAMEWORK WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY
OUR TEAM OF PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE
FIELD, AND IT WAS PREPARED USING VARIOUS SOURCES. ANY SIMILARITY
WITH ANY EXISTING THEORY OR DISCUSSION BY OTHER AUTHORS IS
EXCUSED. THE AUTHORS HOWEVER DO NOT CLAIM MONOPOLY TO
KNOWLEDGE HENCE MODIFICATION OF THE ANSWERS CONTAINED IN THIS
FRAMEWORK MAY NOT BE PROHIBITED AS IT CONTRIBUTES TO EXPANSION
OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE ABOUT THE INFORMATION
CONTAINED HERE AND THE MODULE IN GENERAL, CONTACT PASSMATE
TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI,
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WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION
PREPARATION, RESEARCH AND RESEARCH PROPOSALS, DISSERTATION
EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP
etc
For any enquiries the following numbers can be used for calling, sms, whatsapp and
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CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144 OR
,On calculations please check if it is the same figures, like the exchange rates, the
currency and denominations, so read careful before you take the answer, all answers
may be there for all the different figures, but if you do not read carefully you will
t6ake the wrong one; hence you need to read careful
,PASSMATE TUTORIALS
Which of the following are three major flows in the economy as a whole?
a. Spending, total income, and production.
b. Total spending, total income, and total production.
c. Saving, total investment, and spending.
d. Total income, spending, and saving.
Suppose a state-owned enterprise issues a bond to raise capital to fund its business
expansion. In this case, the state-owned enterprise is a (i)__________ , and the individuals
who purchase the bonds are (ii)__________.
a. (i) borrower; (ii) deficit units.
b. (i) deficit unit; (ii) surplus units.
c. (i) surplus unit; (ii) savers.
d. (i) savers; (ii) deficit units.
If GDP is greater than GDE,
a. the country has a deficit in the current account.
b. exports are greater than imports.
c. taxes are more than government expenditure.
d. the country is consuming more than
Nationalisation refers to …
a. the acquisition of commercial companies by the public sector.
b. the acquisition of private companies by the public sector.
c. the acquisition of public companies by the private sector.
d. the acquisition of mining companies by the private sector.
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
, PASSMATE TUTORIALS
Which one of the following statements is not the macroeconomic objective used for
measuring the performance of the South African economy and that of other countries?
a. The South African economy has experienced sluggish economic growth over the past
five years.
b. The South African economy records the lowest rate of employment.
c. South Africa records the highest increase in the immortality rate since the Covid-19
pandemic and the July unrest.
d. South Africa’s balance of payments has been stable over the past years.
The quantity of money in an economy is …
a. determined by the interaction between the cost of credit and the demand for
money.
b. fixed by the South African Reserve Bank.
c. dependent on the money supplied.
d. determined by the Minister of Finance.
e. decided jointly by the Reserve Bank and the government, as it has important
implications for inflation targeting.
Neutrality of taxes means that
a.
taxes have the minimum possible effect on relative prices.
b.
the recipients generated by a particular government expenditure should pay for the goods
and services concerned.
c.
the tax burden is spread equally amongst taxpayers.
d.
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
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