Exam (elaborations)
Ecs1601 Assignment 4 Semester 2 2023
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10/5/23, 8:25 PM Assessment 4: Attempt reviewECS1601-23-S2 Online assessments Assessment 4
QUIZ
Started on Thursday, 5 October
2023, 7:18 PM
State Finished
Completed on Thursday, 5 October
2023, 8:14 PM
Time taken 56 mins
Marks 19.00/20.00
Grade 95.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Use the information in the table to answer
question:
The in ation rate …
a. decreased by 4,42% from 2018 to
2019.
b. decreased by 0,18% from 2019 to
2020.
c. increased by 4,73% from 2019 to
2020.
d. increased by 4,73% from 2018
to 2019.
Refer to section 10.2 of the prescribed
textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=13965812&cmid=622825 1/12
,10/5/23, 8:25 PM Assessment 4: Attempt review
Question 2
Correct
Mark 1.00 out of 1.00
Which one of the following statements
regarding the producer price index (PPI) is
true?
a. Its growth rate is always greater
than that of CPI.
b. It has the same weights as CPI.
c. It measures the cost of
production.
d. It measures the cost of living.
Refer to section 10.2 of the prescribed
textbook.
Question 3
Correct
Mark 1.00 out of 1.00
Which of the following can cause demand-
pull in ation?
[1] A decrease in interest rates which leads
to an increase in consumption and
investment spending.
[2] An increase in government spending on
social wealth and education.
[3] A rise in the cost of import intermediate
goods due to a depreciation of the
domestic currency.
a. [1]
b. [1] and [2]
c. [3]
d. [1], [2] and [3]
e. [2]
Refer to section 10.4 of the prescribed
textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=13965812&cmid=622825 2/12
,10/5/23, 8:25 PM Assessment 4: Attempt review
Question 4
Correct
Mark 1.00 out of 1.00
In response to the COVID-19 pandemic,
countries injected trillions of dollars into
their economies to provide relief to
households and rms. This response is an
example of ... policy, which can result in ...
in ation, ceteris paribus.
a. contractionary; cost-push
b. expansionary; demand-pull
c. expansionary; cost-push
d. contractionary; demand-pull
Refer to section 10.4 of the prescribed
textbook.
Question 5
Correct
Mark 1.00 out of 1.00
This question is based on the following
table, which shows information about the
Consumer Price Index (CPI) for country Z:
Month and year CPI
November 2016 98,5
December 2016 100
February 2018 103,4
March 2018 104,5
February 2019 107,8
March 2019 108,8
Which one of the following statements is
correct?
a. November 2016 is the base year.
b. In ation rate for March 2019
vs March 2018 is 4,1%.
c. In ation rate for 2016 is 1,5%.
d. In ation rate for March 2019 vs
February 2019 is -0,9%.
See section 10.2 of the prescribed
textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=13965812&cmid=622825 3/12
, 10/5/23, 8:25 PM Assessment 4: Attempt review
Question 6
Correct
Mark 1.00 out of 1.00
The following question is based on the
table below:
Month Consumer price index
2012 2013
January 50.3 60.2
February 52.4 61.1
April 53.2 63.1
May 55.5 64.2
June 56.1 65.3
What is the annual in ation rate for May
2013?
a. 8.7
b. 13.55
c. 15.68
d. 1.74
Refer to section 10.2 of the prescribed
textbook.
Question 7
Correct
Mark 1.00 out of 1.00
Suppose 60 000 000 people are in the
labour force, 23 000 000 people are
employed in the public sector and 20 000
000 people are employed in the private
sector. How many people are unemployed?
Answer:
17000000
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=13965812&cmid=622825 4/12
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