Exam (elaborations)
ECS2603 ASSIGNMENT 1 SEMESTER 2 2023
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Exam study book The Secrets of Economic Indicators of Bernard Baumohl - ISBN: 9780132932097 (ALL YOU NEED)
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Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=116UNISA 2023 ECS2603-23-S2 Welcome Message Assessment 1
QUIZ
Started on Monday, 31 July 2023, 11:55 AM
State Finished
Completed on Monday, 31 July 2023, 2:08 PM
Time taken 2 hours 12 mins
Marks 67.00/67.00
Grade 100.00 out of 100.00
Question 1
Complete
Mark 2.00 out of 2.00
The table below presents the 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 27777.7
Answer: 25703.2
Question 2
Complete
Mark 2.00 out of 2.00
If the South African Reserve Bank (SARB) increases the repo rate from 4% to 5% by how many
basis points did the repo rate increases?
Answer: 100
1 of 9 7/31/2023, 2:08
,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=116
Question 3
Complete
Mark 3.00 out of 3.00
If the nominal rand/dollar exchange rate depreciates from R16.56/$ to R14.32/$, what is the
percentage change in the exchange rate? Round off your answer to 2 decimal places and leave
out the % sign.
Answer: -13.53
Question 4
Complete
Mark 0.00 out of 2.00
If gross domestic product increases from R4881161 million to R5366616 million what is the
absolute change in R millions in gross domestic product (GDP)?
Answer: 485455000000
Question 5
Complete
Mark 2.00 out of 2.00
If gross domestic product increases from R4990153 million to R5778210 million what is the
percentage change (one decimal point and leave out the % sign) in gross domestic product
(GDP)?
Answer: 15.8
2 of 9 7/31/2023, 2:08
,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=116
Question 6
Complete
Mark 3.00 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 25914.2
2020 27786.1
Answer: 25740.6
Question 7
Complete
Mark 0.00 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 27196.2
2019 26159.3
2020 27786.1
Answer: 26456.9
Question 8
Complete
Mark 0.00 out of 2.00
If the South African Reserve Bank (SARB) increases the repo rate from 4% to 5% by how many
percentage points ( two decimal places and leave out the percentage sign) did the repo rate
increases?
Answer: 100
3 of 9 7/31/2023, 2:08
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