100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ECS2603 Assignment 1 semester 1 2024 R85,00   Add to cart

Exam (elaborations)

ECS2603 Assignment 1 semester 1 2024

 198 views  3 purchases

The document contains Assignment question Together with answers Distinction Guaranteed 100% multiple Attempts done Whtsapp

Preview 4 out of 51  pages

  • March 10, 2024
  • 51
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (9)
avatar-seller
SmartTutors
3/5/24, 2:54 PM Assessment 1




S2603-24-S1  Welcome to ECS2603  Assessment 1

QUIZ




Question 1

Not yet answered

Marked out of 3.00




The table below presents the gold price
per ounce from 2013 to 2020. What is the
simple average (1 decimal place and
leave out the R sign) of the data set?

Gold Price (R per
Year
ounce)
2013 23050.6
2014 24892.7
2015 24570.1
2016 25321.9
2017 26852.7
2018 27000.9
2019 26159.3
2020 27862.2




Answer:

25713.8




Question 2
Not yet answered

Marked out of 3.00




If the South African Reserve Bank (SARB)
increases the repo rate from 4% to 7% by
how many basis points did the repo rate
increases?


Answer:

300




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=15208940&cmid=887026 1/11

,3/5/24, 2:54 PM Assessment 1

Question 3

Not yet answered

Marked out of 3.00




If the nominal rand/dollar exchange rate
changes from R14.15/$ to R16.58/$,
what is the percentage change in the
exchange rate? Round off your answer to
2 decimal places and leave out the %
sign.


Answer:

17.17




Question 4
Not yet answered

Marked out of 3.00




If gross domestic product increases from
R4393960 million to R5571809 million
what is the absolute change in R millions
in gross domestic product (GDP)?
In your answer leave out the R sign and
there should be no spaces between the
gures

Answer:

1177849




Question 5
Not yet answered

Marked out of 3.00




If gross domestic product increases from
R4500746 million to R6081246 million
what is the percentage change (one
decimal point and leave out the % sign) in
gross domestic product (GDP)?


Answer:

35.1




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=15208940&cmid=887026 2/11

,3/5/24, 2:54 PM Assessment 1

Question 6

Not yet answered

Marked out of 3.00




The table below represents the gold price
per ounce from 2013 to 2020. What is the
median (1 decimal place and leave out
the R sign) of the data set?

Year Gold Price (R per ounce)

2013 23050.6

2014 24892.7
2015 24570.1

2016 25321.9

2017 26852.7

2018 27000.9

2019 26281.1
2020 27786.1




Answer:

25801.5




Question 7
Not yet answered

Marked out of 3.00




The table below represents the gold price
per ounce from 2013 to 2020. What is the
three year moving average (1 decimal
place and leave out the R sign) for 2018?
Year Gold Price (R per ounce)

2013 23050.6

2014 24892.7

2015 24570.1

2016 25321.9
2017 26852.7

2018 27127.3

2019 26159.3

2020 27786.1


Answer:

26713.1




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=15208940&cmid=887026 3/11

, 3/5/24, 2:54 PM Assessment 1

Question 8

Not yet answered

Marked out of 3.00




If the South African Reserve Bank (SARB)
increases the repo rate from 4% to 6% by
how many percentage points ( two
decimal places and leave out the
percentage sign) did the repo rate
increases?


Answer:

2.00




Question 9
Not yet answered

Marked out of 3.00




If private investment is R577783 million
and GDP is R3669710.7 million what is
the private investment as a percentage (1
decimal place leave out the % sign) of
GDP?




Answer:

15.7




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=15208940&cmid=887026 4/11

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 SmartTutors. 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)

67474 documents were sold in the last 30 days

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

Start selling
R85,00  3x  sold
  • (0)
  Buy now