This document contains all questions and answers for assignment 7 with distinctions on all seven attempts of the assignment. Some questions are repetitive and some are not, enjoy!
Started on Thursday, 17 November 2022, 9:51 AM
State Finished
Completed on Thursday, 17 November 2022, 10:23 AM
Time taken 32 mins 7 secs
Marks 28.00/30.00
Grade 93.33 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which of the following is true regarding an open economy in the Keynesian model?
Select one:
a. A larger marginal propensity to consume will increase the size of the multiplier.
b. The impact of a change in aggregate expenditure is larger than in a closed economy.
c. When net exports increase, aggregate spending will decrease.
d. As investment spending decreases, the size of the multiplier decreases
Question 2
Correct
Mark 1.00 out of 1.00
The question is based on the figure below:
The movement from X to X’ can result from …
Select one:
a. an increase in domestic income.
b. a decrease in domestic income.
c. a depreciation of the rand against the dollar.
d. an appreciation of the rand against the dollar.
The question is based on the following information.
Given autonomous consumption of R300, marginal propensity to consume of ¾, and level of income of R1000.
What is the amount of total saving is
Answer:
-R50
Question 4
Correct
Mark 1.00 out of 1.00
In the Keynesian model with a government and foreign sector, an increase in government spending …
Select one:
a. increases both exports and imports.
b. decreases the equilibrium level of income.
c. increases the equilibrium level of income and decrease imports.
d. increases the equilibrium level of income.
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller mahlatsemathala. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R60,00. You're not tied to anything after your purchase.
