Essay
ECS1601 ASSESSMENT 3 2023 SEMESTER 2 EXPECTED QSNS AND ANSWERS
- Course
- Institution
- Book
ECS1601 ASSESSMENT 3 2023 SEMESTER 2 EXPECTED QSNS AND ANSWERS
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
ECS2602 ASSESSMENT 2 SEMESTER 1 2024
-
ECS2602 ASSESSMENT 1 2024 SEMESTER 1
-
ECS2602 ASSESSMENT 1 SEMESTER 1 2024 SOLUTIONS WITH DETAILED CALCULATIONS
Seller
Follow
BMZAcademy
Reviews received
Content preview
BMZ ACADEMY@061 262 1185/068 053 8213/0717 513 144
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
, BMZ ACADEMY
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
, BMZ ACADEMY
Question text
Which of the following statements is/are correct about what influences South African
exports?
a) Changes in exchange rates do have an influence on South African exports.
b) Changes in economic conditions in the rest of the world.
c) Changes in the demand for exports.
e) International competitiveness does not influence exports.
a and b
a and c
a, b and e
a, b and c
a, c and e
Question text
Which of the following is correct regarding the effects of expansionary fiscal policy?
a.The size of the multiplier will increase.
b. Autonomous spending and the level of income will decrease.
c. The slope of the consumption function will decrease due to a rise in the tax rate.
d. There will be a leakage of money out of the circular flow of income, spending and
production.
Question text
If the government wishes to reduce the flow of money in the circular flow of income
and spending, it can ______.
a.increase government spending
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
, BMZ ACADEMY
b. increase the tax rate
c. increase investment spending
d. decrease the tax rate
Question text
Which of the following has/have a major impact on the level of net exports (X – Z)
a) the growth rate of GDP in South Africa relative to the growth rates of GDP in other
countries
b) the price level in South Africa relative to the price levels in other countries
c) the exchange rate between the rand and other currencies.
a.c
b. a and b
c. a and c
d. b and c
e. a, b and c
Question text
Assume that country A relies more heavily on imports than country B, while other
macroeconomic conditions are the same. If there is a positive relationship between
domestic economic activity and imports, then the multiplier of country A will be_____.
a.larger than country B’s.
b. smaller than country B’s.
c. as large as country B’s.
d. uncertain.
Question text
BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144
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 BMZAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.87. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now