Other
MNB2601 SEMESTEFR 1
- Course
- Economics Ecs1601 (MNB2601)
- Institution
- University Of South Africa (Unisa)
MNB2601: Business Management by Portfolio MNB2601 ASSESSMENT 1 2023 SEMESTER 1
[Show more]
Content preview
11/10/22, 10:04 PM Assessment 7: Attempt reviewMENU
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
Started on Thursday, 10 November 2022, 7:17 PM
State Finished
Completed on Thursday, 10 November 2022, 8:26 PM
Time taken 1 hour 8 mins
Marks 20.00/30.00
Grade 66.67 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
In the Keynesian model, government expenditure …
Select one:
a. increases with investment because investment increases the size of the tax base.
b. is determined by the level of tax revenue.
c. is undertaken solely to regulate the level of spending.
d. can be ignored because investment is taken to be the key determinant of income.
e. is taken to be autonomous because it is subject to government policy.
The correct answer is: is taken to be autonomous because it is subject to government policy.
Question 2
Correct
Mark 1.00 out of 1.00
In the Keynesian model including the government and foreign sectors, imports are dependent on …
Select one:
a. investment.
b. exchange rates.
c. interest rates.
d. domestic income.
The correct answer is: domestic income.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6464559&cmid=213776 1/17
,11/10/22, 10:04 PM Assessment 7: Attempt review
Question 3
Incorrect
Mark 0.00 out of 1.00
MENU
The question is based on the information below:
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
If the Keynesian saving function is S = -100 + 0.2 Y and disposable income is R 10 000, then:
The amount of total consumption is
Answer:
8000
The correct answer is: R8 100
Question 4
Correct
Mark 1.00 out of 1.00
Other things equal, a reduction in personal and business taxes can be expected to ...
Select one:
a. increase aggregate demand and decrease total real production.
b. increase both aggregate demand and total real production.
c. decrease both aggregate demand and aggregate supply.
d. decrease aggregate demand and increase aggregate supply.
The correct answer is: increase both aggregate demand and total real production.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6464559&cmid=213776 2/17
, 11/10/22, 10:04 PM Assessment 7: Attempt review
Question 5
Correct
Mark 1.00 out of 1.00
MENU
Given the following information:
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
Autonomous consumption spending 50 billion
Marginal propensity to save 0.25
Investment spending 20 billion
Government spending 10 billion
What is the equilibrium level of income?
Answer:
320000000000
The correct answer is: 320 billion
Question 6
Incorrect
Mark 0.00 out of 1.00
Given the AD-AS model, if the national incomes of the major trading partners of South Africa (SA) were to rise, SA's ...
Select one:
a. aggregate supply curve would shift to the right.
b. aggregate demand curve would shift to the right.
c. aggregate supply curve would shift to the left.
d. aggregate demand curve would shift to the left.
The correct answer is: aggregate demand curve would shift to the right.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6464559&cmid=213776 3/17
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
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 elitetutoring. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R85,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
60434 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now