Exam (elaborations)
ECS1601 ASSIGNMENT 3 SEMESTER 1 2023
- Course
- Economics Ecs1601
- Institution
- University Of South Africa (Unisa)
OVER 200 QUESTIONS WITH ANSWERS, OVER 100 PAGES, DISTINCTION MATERIAL
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,Assessment 3: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=93 Dashboard Calendar
Dashboard / My courses / ECS1601-23-S1 / Online assessments / Assessment 3
Started on Sunday, 16 April 2023, 4:08 PM
State Finished
Completed on Sunday, 16 April 2023, 4:37 PM
Time taken 28 mins 44 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Use a Keynesian model to calculate the answer.
Full employment output = R80 million
Investment = R20 million
Autonomous consumption = R15 million
The marginal propensity to consume = 0,5.
The value of the multiplier is
Answer: 2
1 of 13 4/16/2023, 4:38
,Assessment 3: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=93
Question 2
Correct
Mark 1.00 out of 1.00
Dashboard Calendar
Given the following information:
Dashboard / My courses / ECS1601-23-S1 / Online assessments / Assessment 3
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: 320
Question 3
Correct
Mark 1.00 out of 1.00
Which of the following statements is/are correct about what influences South African exports?
a) Changes in exchange rates do have an influence on South African exports.
b) Changes in economic conditions in the rest of the world.
c) Changes in the demand for exports.
e) International competitiveness does not influence exports.
a, b and c
a, b and e
a and b
a, c and e
a and c
SA exports are influenced by economic conditions in the rest of the world, international competitiveness, exchange rates, and the
demand for exports does not depend on the income level in SA; therefore, export spending is exogenous.
2 of 13 4/16/2023, 4:38
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