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
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
,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
, THIS DOCUMENT CONTAINS MORE
THAN 10 ATTEMPTS TO ENSURE
THAT THERE ARE AS MANY
QUESTIONS AND ANSWERS AS
POSSIBLE. TYPE IN THE KEY WORD(S)
OF YOUR QUESTION IN THE SEARCH
FUNCTION OF YOUR COMPUTER OR
PHONE AND YOU WILL FIND YOUR
ANSWERED QUESTION INSTANTLY.
FOR ANY QUESTION YOU CAN’T
FIND DON’T HESITATE TO POST THE
PICTURE OF THE QUESTION TO US
USING WHATSAPP 0679418419
AND WE WILL REPLY INSTANTLY.
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 timswartz. 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)
56326 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now