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ECS1601 ASSIGNMENT 6 EXPECTED QUESTIONS AND SOLUTIONS
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ECS1601 ASSIGNMENT 6 EXPECTED QUESTIONS AND SOLUTIONS
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DISCLAIMERThe ECS1601 MCQ assignment 6 Semester 2 2023 is a guide that help students to
answer their 1st assessment. Therefore, students can use as the document contains
different pools of questions. Those who need further assistance may contact the given
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,0717513144 ECS1601 ASSIGN 6 SEMESTER 2 2023 muzavazi47@gmail.com
On calculations please check if it is the same figures, like the exchange rates, the
currency and denominations, so read careful before you take the answer, all answers
may be there for all the different figures, but if you do not read carefully you will
t6ake the wrong one; hence you need to read careful
061 262 1185/068 053 8213/0717 513 144
,0717513144 ECS1601 ASSIGN 6 SEMESTER 2 2023 muzavazi47@gmail.com
Which of the following are three major flows in the economy as a whole?
a. Spending, total income, and production.
b. Total spending, total income, and total production.
c. Saving, total investment, and spending.
d. Total income, spending, and saving.
Suppose a state-owned enterprise issues a bond to raise capital to fund its business
expansion. In this case, the state-owned enterprise is a (i)__________ , and the
individuals who purchase the bonds are (ii)__________.
a. (i) borrower; (ii) deficit units.
b. (i) deficit unit; (ii) surplus units.
c. (i) surplus unit; (ii) savers.
d. (i) savers; (ii) deficit units.
If GDP is greater than GDE,
a. the country has a deficit in the current account.
b. exports are greater than imports.
c. taxes are more than government expenditure.
d. the country is consuming more than
Nationalisation refers to …
a. the acquisition of commercial companies by the public sector.
b. the acquisition of private companies by the public sector.
c. the acquisition of public companies by the private sector.
d. the acquisition of mining companies by the private sector.
061 262 1185/068 053 8213/0717 513 144
, 0717513144 ECS1601 ASSIGN 6 SEMESTER 2 2023 muzavazi47@gmail.com
Which one of the following statements is not the macroeconomic objective used for
measuring the performance of the South African economy and that of other countries?
a. The South African economy has experienced sluggish economic growth over the past
five years.
b. The South African economy records the lowest rate of employment.
c. South Africa records the highest increase in the immortality rate since the Covid-
19 pandemic and the July unrest.
d. South Africa’s balance of payments has been stable over the past years.
The quantity of money in an economy is …
a. determined by the interaction between the cost of credit and the demand for
money.
b. fixed by the South African Reserve Bank.
c. dependent on the money supplied.
d. determined by the Minister of Finance.
e. decided jointly by the Reserve Bank and the government, as it has important
implications for inflation targeting.
Neutrality of taxes means that
a.
taxes have the minimum possible effect on relative prices.
b.
the recipients generated by a particular government expenditure should pay for the
goods and services concerned.
061 262 1185/068 053 8213/0717 513 144
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