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ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 Which one of the following statements is INCORRECT? Select one: A. Real GDP is a measurement of GDP in which the quantities produced are valued at the prices in a base year; in other words, it considers inflation. B. G$4.57
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ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 Which one of the following statements is INCORRECT? Select one: A. Real GDP is a measurement of GDP in which the quantities produced are valued at the prices in a base year; in other words, it considers inflation. B. G
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Course
Intermediate Macroeconomics (ECS2602)
Institution
University Of South Africa (Unisa)
ECS2602 ASSIGNMENT 1 SEMESTER 2 2024
Which one of the following statements is INCORRECT?
Select one:
A. Real GDP is a measurement of GDP in which the quantities produced are valued at the prices in a base year; in other
words, it considers inflation.
B. GDP at constant prices measures the actu...
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Education is the most powerful weapon which you can use to change the world
,8/10/24, 9:29 PM Assessment 1 (page 1 of 30)
UNISA 2024 ECS2602-24-S2 Welcome to the module ECS2602-24-S2 Assessment 1
QUIZ
Question 1
Answer saved
Marked out of 1.00
Which one of the following statements is INCORRECT?
Select one:
A. Real GDP is a measurement of GDP in which the quantities produced are valued at the prices in a base year; in other
words, it considers inflation.
B. GDP at constant prices measures the actual physical volume of production valued at the prices in a base year.
C. An increase in the prices of goods and services produced might increase the nominal GDP over time.
D. GDP at current prices takes a continuous and considerable rise in the prices of goods and services into
consideration.
UNISA 2024 ECS2602-24-S2 Welcome to the module ECS2602-24-S2 Assessment 1
QUIZ
Question 2
Answer saved
Marked out of 1.00
Which one of the following statements is INCORRECT?
Select one:
A. An increase in nominal GDP can result from an increase in the quantity produced of goods and services and/or the
increase in the prices of goods and services produced.
B. If the population in South Africa grows at 5% per year, and the economic growth rate is 3% per year, a decline in the
real GDP per capita occurs.
C. An increase of 20% in the price of lamb meat is an example of inflation.
D. Stabilisation policies refer to fiscal policy and monetary policy.
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