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ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 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 $2.95
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ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 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
ECS2602 ASSIGNMENT 1 SEMESTER 2 2024
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 ec...
Thank you T0ny for the review, tell us if there is any challenge faced with the diocument and if yiu need anything more about the assignment or the module or any other modules please get in touch through the provided details
By: fezekam138 • 3 weeks ago
By: BMZAcademy • 3 weeks ago
Thank you fezekam138 for the review, tell us if there is any challenge faced with the document and if you need anything more about the assignment or the module or any other modules please get in touch through the provided details
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,8/11/24, 12:10 AM Assessment 1 (page 1 of 30)
UNISA 2024 ECS2602-24-S2 Welcome to the module ECS2602-24-S2 Assessment 1
QUIZ
Question 1
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Microeconomics studies ____ while macroeconomics studies ____
Select one:
A. individual decision-makers; the economy's overall performance.
B. what is happening in the economy currently; what happened in the past.
C. the performance of the private sector; the performance of the government.
D. the overall price level; price determination in a single industry.
UNISA 2024 ECS2602-24-S2 Welcome to the module ECS2602-24-S2 Assessment 1
QUIZ
Question 3
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This question is based on the following diagram. Assume that G and T increase by R100.
Which one of the following statements is INCORRECT?
Select one:
A. If taxes then increase by R100, cT will be R80, the new equilibrium level of output and income will be R1 100, and it
will be represented by point c in the above diagram.
B. If government spending increases by R100, the equilibrium level of output and income will be R1 500, and the Z curve
will shift to Z1.
C. The above diagram and questions imply the working of the balanced budget multiplier.
D. Although there is an increase of R100 in taxes, there will be still an expansionary net effect of R500 on the
equilibrium level of output and income.
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