100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ECS2602 assignment 1 semester 2 of 2024 expected questions and answers. R100,00   Add to cart

Exam (elaborations)

ECS2602 assignment 1 semester 2 of 2024 expected questions and answers.

6 reviews
 1541 views  41 purchases

This document contains ECS2602 assignment 1 semester 2 of 2024 expected questions and answers. the questions have been compiled from assessments done by other students who obtained 80% and above.

Last document update: 8 months ago

Preview 4 out of 181  pages

  • March 9, 2023
  • March 16, 2024
  • 181
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (156)

6  reviews

review-writer-avatar

By: patbhiya • 7 months ago

review-writer-avatar

By: zamohzemsi5 • 8 months ago

review-writer-avatar

By: ntsoakiprudencenp7 • 8 months ago

review-writer-avatar

By: mephakarabo • 1 year ago

review-writer-avatar

By: mpholemogang88 • 1 year ago

review-writer-avatar

By: thakazulu • 1 year ago

avatar-seller
oscardiura
This question is based on the following data for country PORTHOS for 2020.
OSCAR DIURA
oscardiura@gmail.com Marginal propensity to consume = 0.5
0844708483 Autonomous consumption = R600 million
For FAC,ECS,MAC,DSC, TAX,STA,FIN,INV, QMI,BNU,
tutoring 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 government spending increase to reach full employment?

Select one:
A. 110 million
B. 55 million
C. 220 million
D. 770 million

Clear my choice

OSCAR DIURA
oscardiura@gmail.com
0844708483
For FAC,ECS,MAC,DSC, TAX,STA,FIN,INV, QMI,BNU,
tutoring

,Question 19 In our goods market model, an increase in taxes will result in _________
Answer saved
Marked out of Select one:
1.00
A. an increase in disposable income.
Flag
question B. a decrease in autonomous consumption.
C. an increase in savings.
D. a decrease in government spending.

Clear my choice

, This question is based on the following diagrams. Consider the consumption
functions of country A and country B.
Country A:




Country B:




Which one of the following statements is INCORRECT?




Select one:
A. The consumption function for country B is: C = 1 000 + 0.9YD.
B. In country A, autonomous consumption is higher than in country B.
C. If the disposable income level is R5 000 in both countries, then
consumption spending in country B is higher.
D. In country B, induced consumption is definitely higher than in country A if
the disposable income level is R5 000.

Clear my choice


OSCAR DIURA
oscardiura@gmail.com
0844708483
For FAC,ECS,MAC,DSC, TAX,STA,FIN,INV, QMI,BNU,
tutoring

, Given the following information, calculate the budget balance of the government:
Government spending = 100
Taxation = 80
Exports = 200
Imports = 300
Capital inflows = 60
Capital outflows = 30

Select one:
A. 30
B. –50

C. –100
D. –20

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 oscardiura. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R100,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R100,00  41x  sold
  • (6)
  Buy now