Ecs 2602 - Study guides, Class notes & Summaries

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ECS 2602 Final Test Bank Practice Quiz All Correct Answers

Dear student Let us formally welcome you to the Macroeconomics module and wish you well in all your endeavours. Please take note of our contact telephone numbers. Listed below are the contact details of the lecturers responsible for the module. Name of lecturer Email address Telephone number (Inside SA) Telephone number (Outside SA) Mrs T Uys 012 433 4702 +27 12433 4702 Mrs S Kennedy-Palmer 012 433 4666 +27 12433 4666 Kindly direct content-related queries to your e-tutor on the disc...

This assignment contributes 40% towards your semester mark. Please ensure that this assignment reaches the university before the due date. Answer all questions on a mark-reading sheet. 1. Which of the following are fully exogenous variables in the IS-LM model? 1. Level of output, interest rate, investment, consumption spending. 2. Government spending, taxation, money supply, marginal propensity to consume. 3. Interest rate, demand for money, supply of money. 4. Consumption spending, invest...

ECS 2602 EXAM PACK OCT/NOV 2017 Section A QUESTION 1/VRAAG 1 (5 marks) a. Calculate the equilibrium level of output and income if c = 0.5, c0 = 300, Ī = 400, G = 300 and T = 100 in the goods market model. Show the formula and all calculations. (1) Answer 

ECS 2602 EXAM PACK OCT/NOV Section A QUESTION 1/VRAAG 1 (5 marks) a. Calculate the equilibrium level of output and income if c = 0.5, c0 = 300, Ī = 400, G = 300 and T = 100 in the goods market model. Show the formula and all calculations. (1) Answer 

2018/1 1.1 Which one of the following statements is not a macroeconomic issue? 1. The unemployment rate in South Africa, according to the strict definition, was 26,6% in 2016. 2. The drought experienced in 2015/16 reduced many crop harvests and caused food price inflation in South Africa. 3. The annual inflation rate in South Africa rose from 2015 to 2016. 4. Because of high inflation, it is expected that the interest rate will increase. 5. The drought experienced in 2015/16 reduced the...

Macroeconomics II - Popular Exam Q's MEMO 1. Using the Goods Market model explain how a balanced budget can still lead to an increase in output and income. {OR] Using the Goods Market model explain how a simultaneous increase in government spending and increase in taxes can lead to an increase in output and income. A balanced budget still increases output. The difference between the initial impact of a change in government spending and a change in taxes implies that even if the change in ...

1. Which of the following statements are correct? a. Macroeconomics studies the determination of the level of output and income for a specific firm. b. In macroeconomics we focus on the interaction between different markets, such as the goods market, the financial market, the labour market and the foreign exchange market. c. Real GDP per capita is widely used as a measure of economic welfare or wellbeing of the residents of a country. d. The main instrument of fiscal policy is the budget...

1. Which of the following statements are correct? a. Macroeconomics studies the determination of the level of output and income for a specific firm. b. In macroeconomics we focus on the interaction between different markets, such as the goods market, the financial market, the labour market and the foreign exchange market. c. Real GDP per capita is widely used as a measure of economic welfare or wellbeing of the residents of a country. d. The main instrument of fiscal policy is the budget...