100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ECS1601 ASSIGNMENT 6 semester 2 2023 EXPECTED QUESTIONS AND SOLUTIONS $2.82
Add to cart

Exam (elaborations)

ECS1601 ASSIGNMENT 6 semester 2 2023 EXPECTED QUESTIONS AND SOLUTIONS

 99 views  6 purchases
  • Course
  • Institution
  • Book

ECS1601 ASSIGNMENT 6 semester 2 2023 EXPECTED QUESTIONS AND SOLUTIONS

Last document update: 1 year ago

Preview 4 out of 269  pages

  • November 7, 2023
  • November 13, 2023
  • 269
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
BMZ ACADEMY




BMZ ACADEMY

@061 262 1185/068 053 8213/0717 513 144




BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144

, BMZ ACADEMY
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




BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144

, BMZ ACADEMY

In the circular flow of income and spending, that is, the basic flow of income and spending
between households and firms supplemented by the foreign, financial and government
sectors…
a.
exports are leakages from the circular flow.
b.
investment is a leakage from the circular flow.
c.
savings are injections into the circular flow.
d.
imports are injections into the circular flow.
e.
taxes are leakages from the circular flow.


Which of the following statements regarding rating agencies is correct?
a.
Corruption is not considered when rating agencies assign an investment rating to an
economy.
b.
The level of public debt is not considered when rating agencies assign an investment rating
to an economy.
c.
Countries that fall under non-investment grade are also referred to as “junk status”
economies.
d.
Credit ratings are only assigned at the macroeconomic level.


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.

BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144

, BMZ ACADEMY

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.




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 …



BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 $2.82. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52510 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.82  6x  sold
  • (0)
Add to cart
Added