Question 41 Use the following data of the South African Reserve Bank to
Answer saved calculate the economic growth rates for the years 2000 to 2005
Marked out of using the data for gross domestic product at market prices
4.00 (KBP6006Y).
Flag Data
question OSCAR DIURA
2000 2826728
2001 2903050 0737560989
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2003 3099254
2004 3240412
2005 3411410
In which year was the economic growth rate the highest?
Answer: 2005
Question 42 Which one of the following is an appropriate measure of the welfare
Answer saved of the residents of a country?
Marked out of
2.00 Select one:
Flag Real GDP per capita
question
Real GNI per capita
Nominal GDP per capita
Nominal GNI per capita
Clear my choice
Question 43 The following activity deals with the relationship between the terms
Answer saved of trade, GDP and GNI. See chapter 3.2 of the text book. Which 3 of
Marked out of the following statements are correct?
3.00
Flag The only difference between real GDP and real GNI is due to net
question primary income to the rest of the world
If the price of exports increases but the volume of exports
stays the same real GDP will decrease.
If the terms of trade increases by 11% it implies that real GDP
tends to overestimate economic growth.
Relative movements in export and import prices are captured in
the terms of trade.
When real GNI is estimated adjustments for the terms of trade
is made.
, If the terms of trade decreases by 8% it implies that the country
can afford less imports for a given level of exports and the
country is relatively worse off.
Question 44 The following questions are about the possible impact of
Answer saved Covid-19 on South Africa’s economic performance for
Marked out of
17.00
2020 in comparison to that of 2019.
Flag The data sources are:
question South African Reserve Bank, Quarterly Bulletin March
2023 pages S-115, S-117 and S-119.
Final consumption expenditure by government is a stock
variable.
True
False
The economic growth rate for 2020 was
- 3.5 %
In 2020 gross capital formation in real terms declined by
R 194238 million
In 2020, in percentage terms, real final consumption
expenditure by households declined by
49.8 %
Based on the second quarter of 2020, what was the
annualised growth rate based on a quarter to the previous
quarter method?
- 7.0 %
In 2020 in percentage terms, the secondary sector
declined by
6.5 %
In 2020 in real terms, the primary sector declined by
R 11.7 million
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Pre vi o us ac t i vi t y
Additional
Resources
, An increase in GDP only leads to an increase in real GDP per capita
if the economic growth rate exceeds the population growth rate.
True
False OSCAR DIURA
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Question 38 Calculate the economic growth rate (one decimal point) for year 4
Answer saved given the following information:
Marked out of Real GDP for year 3: R 4487455 million
3.00
Real GDP for year 4: R 4571854 million
Flag
question
Answer: 1.9
Question 39 Use the following data to calculate the annualised economic growth
Answer saved rate.
Marked out of Real GDP Quarter 1: 728010
4.00
Real GDP Quarter 2: 762076
Flag
question
Answer: 1.15
Question 40 Use the following data of the South African Reserve Bank to
Answer saved calculate the annualised economic growth rate (one decimal point,
Marked out of leave out the percentage and negative sign) between the first quarter
4.00 of 2020 and fourth quarter of 2019 using the data for real gross
domestic product at market prices (KBP6006C).
Flag
question
Quarterly dataGDP at market prices R million
2019 Q4 1 165 383
2020 Q1 1 115 081
2020 Q2 951 962
2020 Q3 1 088 272
2020 Q4 1 124 331
2021 Q1 1 085 807
2021 Q2 1 133 398
2021 Q3 1 119 948
