Exam (elaborations)
ECS1601 ASSIGNEMENT 3 EXPECTED QUESTIONS AND ANSWERS 2023
- Institution
- University Of South Africa (Unisa)
ECS1601 ASSIGNEMENT 3 EXPECTED QUESTIONS AND ANSWERS 2023
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE FRAMEWORKIS NOT PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A
POSSIBLE SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS
FRAMEWORK IS ONLY INTENDED TO ASSIST STUDENTS IN GETTING STARTED
WITH THEIR ASSIGNMENT, AND IN NO CASE THIS DOCUMENT SHOULD BE USED
FOR CHEATING, THUS NO STUDENT IS ENCOURAGED TO COPY THIS
DOCUMENT, NOR ITS SECTIONS FOR SUBMISSION. WE BELIEVE THE
FRAMEWORK WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY OUR
TEAM OF PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD,
AND IT WAS PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY
EXISTING THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE
AUTHORS HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE
MODIFICATION OF THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT
BE PROHIBITED AS IT CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY
FURTHER GUIDELINE ABOUT THE INFORMATION CONTAINED HERE AND THE
MODULE IN GENERAL, CONTACT PASSMATE TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI,
MNMs, MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION PREPARATION,
RESEARCH AND RESEARCH PROPOSALS, DISSERTATION EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP
etc
For any enquiries the following numbers can be used for calling, sms, whatsapp and
telegram
CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144
,CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
,This question is based on the information below:
Based on the information above, what is the change in government spending
required for the economy to reach full employment? (at each step of your
calculation, round off to 2 decimal places)
a. R2 771 million
b. R1 311 million
c. R3 689 million
d. R2 229 million
************************************************************************************************
With the given information, answer the question.
Autonomous consumption 50 billion
Autonomous government expenditure 20 billion
Autonomous investment 25 billion
Autonomous exports 40 billion
Autonomous imports 25 billion
Marginal propensity to consume 0.8
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
, What is the equilibrium level of income?
550000000000
Answer:
Which of the following statements is/are correct about the fiscal policy measure to
increase employment?
a) Autonomous spending will increase, and because of the increase in demand in the
economy firms will incur an unexpected decline in inventories, thus forcing them to
increase production.
b) The increase in government spending does not have to match the required increase in
income to decrease unemployment.
c) The multiplier effect will bring about the required increase in income level to increase
employment.
d) Production will be encouraged and the level of income will increase as well as
employment.
a, b and c
all the statements are correct
b, c and d
a and b
***********************************************************************************************
With the given information, answer the question.
Autonomous consumption R 250 billion
Autonomous government expenditure R 100 billion
Autonomous investment R 250 billion
Autonomous exports R 350 billion
Autonomous imports R 250 billion
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
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 passmatetutorials. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73918 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now