Autonomous consumption - Study guides, Class notes & Summaries
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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
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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 million 
 Taxes = R300 million 
 An economist Dr Bright Sithole calculated that the gap between the current equilibrium level of output and incomE and the full employment level of income is R110 million. 
 By how much must taxes decrease ...
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UGBA 101b EXAM 1 REVIEW 2023/2024 updated to pass graded A+
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UGBA 101b EXAM 1 REVIEWEndogenous variables - correct answer variables that a model tries to explain 
 
Exogenous variables - correct answer autonomous factors that come from outside a theoretical model or system and that cannot be explained by the system 
 
GDP - correct answer Y = C + I + G + NX 
 
G includes - correct answer spending on goods and services: for example - purchases of trains/installation of subway rail. 
 
G excludes - correct answer transfer payments (unemployment) bc they do ...
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ECS2602-TESTS-BANK
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ECS2602-TESTS-BANK. 100% CORRECT questions, answers, workings and explanations. Question 1 
Which of the following statements is/are correct? 
a) In this module we only study the demand side of the economy which includes the goods market and the financial 
market. The labour market form part of the supply side analysis and are therefore excluded from this module. 
b) The two most important accounts of the balance of payments are the current account and the financial account. 
c) If total output ...
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Macroeconomics 1st year [University] Notes [ECO10B]
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Document of summarized notes for MAN201 created by A+ STADIO Student covering MAN201 2023 prescribed chapters.
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ECS2602 Macroeconomics EXAM STUDY PACK WITH Q & A 2022.
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ECS2602 Macroeconomics EXAM STUDY PACK WITH Q & A 2022. Question 1 
Which of the following statements is/are correct? 
a) In this module we only study the demand side of the economy which includes the goods market and the 
financial market. The labour market form part of the supply side analysis and are therefore excluded from this 
module. 
b) The two most important accounts of the balance of payments are the current account and the financial account. 
c) If total output decreases with 2% duri...
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ECS1601 EXAM PACK 2023
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ECS1601Test bank with answers 
Economics, past exam papers 
Exam-Pack-Index From 
2017-2022, assignment 1, 
assignment 2, .. ..complete 
solutions 
1 
ECS1601 TEST BANK 
Question 1 
In the goods market of the circular flow model, …. 
1) firms buy factors of production from consumers 
2) firms buy finished products from households 
3) consumers buy factors of production from firms 
4) firms sell factors of production to the government 
5) consumers buy finished products from firms Th...
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IOT Questions and Answers Already Passed
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IOT Questions and Answers Already 
 
Passed 
 
When developing a new IoT concept, what is the first step you should take? 
Its Unique Value Proposition 
Problem it aims to solve 
 
Market entry strategy 
Operational method Problem it aims to solve 
 
Is it beneficial to create a business plan for an in-house or personal IoT project? 
Yes 
 
No Yes 
 
How would you define fog computing? 
A computing model that enhances peer-to-peer applications. 
A computing method that transfers controller data ...
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HESI LPN Comprehensive Exit Exam Latest 2023 Questions & Answers with Rationale.
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HESI LPN Comprehensive Exit Exam Latest 2023 Questions & Answers with Rationale. 
A newborn with apnea is being discharged from the hospital with home monitoring. What information concerning the infant's care should the practical nurse review with the parents? 
 
A.	Cardiopulmonary resuscitation (CPR). 
B.	Administration of intravenous antibiotics. 
C.	Reassurance that the infant cannot be electrocuted during monitoring. 
D.	Advise that the infant not be left with caretakers, such as babysitter...
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Macro Chapter 5 Exam Questions And Answers
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Macro Chapter 5 Exam Questions And Answers 
 
1. Since 1955 Americans have been spending ____. 
a) a larger percentage of their incomes on services 
b) a smaller percentage of their incomes on services 
c) about the same percentage on services - ANS a) a larger percentage of their incomes on services 
 
2. When the C line crosses the 45-degree line, saving is ____. 
a) positive 
b) negative 
c) zero 
d) impossible to calculate because there is not enough information to know - ANS c) ze...
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ECS2602 EXAM STUDY PACK 2022
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ECS2602 EXAM STUDY PACK 2022. ECS2602 - Macroeconomics 
In the goods market model a decrease in taxes will result in … 
a) an increase in autonomous consumption. 
b) an increase in disposable income. 
c) an increase in income. 
d) a decrease in induced consumption. 
1) a, b and c 
2) a, b and d 
3) b, c and d 
4) a, c and d 
5) None of the options 1 to 4 (correct option is 5.) 
Explanation 
A decrease in taxes increases disposable income and consequently induced consumption spending 
increases...
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