100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ecs1500 Assignment 5 (COMPLETE ANSWERS) 2024 Due 29 July 2024 distinction guaranteed R50,00
Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. Economics 1500 (ECS1500)

Exam (elaborations)

ecs1500 Assignment 5 (COMPLETE ANSWERS) 2024 Due 29 July 2024 distinction guaranteed
 9 purchases

ecs1500 Assignment 5 (COMPLETE ANSWERS) 2024 Due 29 July 2024 distinction guaranteed

Preview 4 out of 42  pages

Document information

  • July 15, 2024
  • 42
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ecs1500 assignment 5 complete answers 2024

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

All for this textbook (94)

Written for

All documents for this subject (32)

Seller

avatar-seller
ExpectviewTutors

Reviews received

Content preview

ECS 1500
ASSIGNMENT 5 SEMESTER 2 2024



Use this document as a guide to learn, compare and reference

,Expectview tutors

, Started on Monday, 15 July 2024, 8:16 PM
State Finished
Completed on Monday, 15 July 2024, 8:25 PM
Time taken 8 mins 48 secs
Marks 38.00/40.00
Grade 95.00 out of 100.00
Feedback
You passed this assessment! However, you can improve on this. Please revise the content of Learning Units 6 and 7. Also, read the feedback pr
each question carefully and make sure you agree with the explanations provided, especially for the questions you answered incorrectly. Make s
will not make similar mistakes in future.

Note that you are allowed to submit 3 attempts for this assessment and that the marks for the best attempt will contribute towards your final c
Revise the content carefully before submitting another attempt.




Question 1 If GDP for Palau, a small country southeast of the Philippines, was $180 million in 2020 and its population was 20 000, GDP per capita was
Correct ...
Mark 2.00 out of
2.00
a. $180 million
Flag
question b. 0,011%
c. $111,11
d. $9 000



Your answer is correct.
The GDP per capita is calculated as follows:




$9 000



Question 2 When a worker is retrenched due to a new technology that has taken over his/her job, it is an example of cyclical unemployment.
Correct
Mark 2.00 out of True
2.00

Flag False
question




Question 3
Which of the following phases of a business circle indicates deteriorating or decreasing production in the economy?
Correct
Mark 2.00 out of
2.00

Flag a. downswing
question
b. trough
c. upswing
d. peak

, Your answer is correct.
The deteriorating or decreasing production in the economy indicates a downswing of the business cycle, whereby the economy is shrinking
and at some point, a trough will be reached.
The upswing of the business cycle indicates an expansion of the economy and at some stage, a peak will be reached. Thus, the peak marks
the beginning of the contraction of the business cycle.


The correct answer is:
downswing



Question 4 The question is based on the information in the table below:
Incorrect
Mark 0.00 out of
2.00

Flag
question




What is the unemployment rate, according to the strict definition (rounded to one digital after the decimal)?



a. 25,7%
b. 23,6%
c. 8,2%
d. 34,6%



Your answer is incorrect.
The unemployment rate, according to the strict definition, is calculated as follows:




The correct answer is:
25,7%



Question 5 The question is based on the information in the diagram below:
Correct
Mark 2.00 out of
2.00

Flag
question




Which of the countries on the diagram above has the most unequal income distribution?

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 ExpectviewTutors. 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)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 15 years now

Start selling
R50,00  9x  sold
  • (0)
Add to cart
Added