Exam (elaborations)
ECS2602 ASSESSMENT 1 2024 semester 1
- Course
- Institution
ECS2602 ASSESSMENT 1 2024 semester 1
[Show more]
Seller
Follow
passmatetutorials
Reviews received
Content preview
3/26/24, 10:58 PM Assessment 1 (page 1 of 30)UNISA 2024 ECS2602-24-S1 Welcome to the module ECS2602-24-S1 Assessment 1
QUIZ
Question 1
Answer saved
Marked out of 1.00
Which one of the following statements is correct?
Select one:
A. An increase in taxes implies the implementation of expansionary fiscal policy.
B. A decrease in the interest rate implies the implementation of expansionary monetary policy.
C. Inflation targeting is an example of a stabilisation policy.
D. A contractionary monetary policy implies a decrease in the interest rate to increase the money supply.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16466750&cmid=848052 1/1
,3/26/24, 10:57 PM Assessment 1 (page 2 of 30)
UNISA 2024 ECS2602-24-S1 Welcome to the module ECS2602-24-S1 Assessment 1
QUIZ
Question 2
Answer saved
Marked out of 1.00
Which one of the following statements is INCORRECT regarding the goods market model?
Select one:
A. A decrease in taxes to decrease unemployment will be more effective in a labour-intensive economy than in a
capital-intensive economy.
B. An increase in government spending increases income, and an increase in income increases government spending
but by less than one to one.
C. Expansionary fiscal policy is a mean to increase production, income and employment. However, high imports,
crowding out of private investment, and a too-high budget deficit are all constraints to this expansionary fiscal
policy's effectiveness to increase output.
D. Expansionary fiscal policy can result from increased government spending and/or decreased taxes, and the ZZ curve
will shift upwards.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16466750&cmid=848052&page=1 1/1
,3/26/24, 10:57 PM Assessment 1 (page 3 of 30)
UNISA 2024 ECS2602-24-S1 Welcome to the module ECS2602-24-S1 Assessment 1
QUIZ
Question 3
Answer saved
Marked out of 1.00
Given the following information, answer the question.
Autonomous consumption = R100 million
Investment spending = R300 million
Government spending = R200 million
Taxes = R60 million
Marginal propensity to consume = 0.75
Full-employment level of income = R2 460 million
Which one of the following will NOT ensure that full-employment is reached?
A. A decrease in taxes of R80 million.
B. An increase in government spending of R60 million.
C. An increase in government spending of R30 million and a decrease in taxes of R40 million.
D. An increase in government spending of R20 million and a decrease in taxes of R30 million.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16466750&cmid=848052&page=2 1/1
, 3/26/24, 10:57 PM Assessment 1 (page 4 of 30)
UNISA 2024 ECS2602-24-S1 Welcome to the module ECS2602-24-S1 Assessment 1
QUIZ
Question 4
Answer saved
Marked out of 1.00
This question is based on the following data for country PORTHOS for 2020.
Marginal propensity to consume = 0.5
Autonomous consumption = R600 million
Investment spending = R40 million
Government spending = R280 million
Taxes = R300 million
An economist Dr Bright Sithole calculated that the gap between the current equilibrium level of output and income
and the full employment level of income is R110 million.
By how much must taxes decrease to reach full employment?
Select one:
A. 770 million
B. 220 million
C. 110 million
D. 55 million
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16466750&cmid=848052&page=3 1/1
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 passmatetutorials. 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)
78252 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now