This document serves as a guide to help reflect on my review of Assessment 3 for ECS1601. This is purely for reflection purposes and shows my decisions on the answers to the assessment as well as the marks I obtained for each answer.
Started on Tuesday, 18 April 2023, 7:09 PM
State Finished
Completed on Tuesday, 18 April 2023, 7:52 PM
Time taken 43 mins 19 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
With the given information, answer the question.
Autonomous consumption R 500 billion
Autonomous government expenditure R 200 billion
Autonomous investment R 250 billion
Autonomous exports R 400 billion
Autonomous imports R 250 billion
Marginal propensity to consume 0,8
What is the size of the multiplier?
Answer:
5
, Question 2
Correct
Mark 1.00 out of 1.00
MENU
This question is based on the information below:
Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS1601-23-S1 / Online assessments / Assessment 3
Based on the information above, what is the change in government spending required for the economy to reach full employment? (at each
step of your calculation, round off to 2 decimal places)
a. R2 229 million
b. R1 311 million
c. R2 771 million
d. R3 689 million
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 economicfactswarehouse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.14. You're not tied to anything after your purchase.