Exam (elaborations)
ECS2603 Assignment 1 semester 1 2024
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3/5/24, 2:54 PM Assessment 1S2603-24-S1 Welcome to ECS2603 Assessment 1
QUIZ
Question 1
Not yet answered
Marked out of 3.00
The table below presents the gold price
per ounce from 2013 to 2020. What is the
simple average (1 decimal place and
leave out the R sign) of the data set?
Gold Price (R per
Year
ounce)
2013 23050.6
2014 24892.7
2015 24570.1
2016 25321.9
2017 26852.7
2018 27000.9
2019 26159.3
2020 27862.2
Answer:
25713.8
Question 2
Not yet answered
Marked out of 3.00
If the South African Reserve Bank (SARB)
increases the repo rate from 4% to 7% by
how many basis points did the repo rate
increases?
Answer:
300
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=15208940&cmid=887026 1/11
,3/5/24, 2:54 PM Assessment 1
Question 3
Not yet answered
Marked out of 3.00
If the nominal rand/dollar exchange rate
changes from R14.15/$ to R16.58/$,
what is the percentage change in the
exchange rate? Round off your answer to
2 decimal places and leave out the %
sign.
Answer:
17.17
Question 4
Not yet answered
Marked out of 3.00
If gross domestic product increases from
R4393960 million to R5571809 million
what is the absolute change in R millions
in gross domestic product (GDP)?
In your answer leave out the R sign and
there should be no spaces between the
gures
Answer:
1177849
Question 5
Not yet answered
Marked out of 3.00
If gross domestic product increases from
R4500746 million to R6081246 million
what is the percentage change (one
decimal point and leave out the % sign) in
gross domestic product (GDP)?
Answer:
35.1
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=15208940&cmid=887026 2/11
,3/5/24, 2:54 PM Assessment 1
Question 6
Not yet answered
Marked out of 3.00
The table below represents the gold price
per ounce from 2013 to 2020. What is the
median (1 decimal place and leave out
the R sign) of the data set?
Year Gold Price (R per ounce)
2013 23050.6
2014 24892.7
2015 24570.1
2016 25321.9
2017 26852.7
2018 27000.9
2019 26281.1
2020 27786.1
Answer:
25801.5
Question 7
Not yet answered
Marked out of 3.00
The table below represents the gold price
per ounce from 2013 to 2020. What is the
three year moving average (1 decimal
place and leave out the R sign) for 2018?
Year Gold Price (R per ounce)
2013 23050.6
2014 24892.7
2015 24570.1
2016 25321.9
2017 26852.7
2018 27127.3
2019 26159.3
2020 27786.1
Answer:
26713.1
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=15208940&cmid=887026 3/11
, 3/5/24, 2:54 PM Assessment 1
Question 8
Not yet answered
Marked out of 3.00
If the South African Reserve Bank (SARB)
increases the repo rate from 4% to 6% by
how many percentage points ( two
decimal places and leave out the
percentage sign) did the repo rate
increases?
Answer:
2.00
Question 9
Not yet answered
Marked out of 3.00
If private investment is R577783 million
and GDP is R3669710.7 million what is
the private investment as a percentage (1
decimal place leave out the % sign) of
GDP?
Answer:
15.7
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=15208940&cmid=887026 4/11
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