Exam (elaborations)
ECS1601 Assignment 2 Due 30 July 2024
- Institution
- University Of Cape Town (UCT)
ECS1601 Assignment 2 Due 30 July 2024
[Show more]
Content preview
Started on Wednesday, 24 July 2024, 12:41 PMState Finished
Completed on Wednesday, 24 July 2024, 1:04 PM
Time taken 23 mins 30 secs
Grade 13.00 out of 18.00 (72.22%)
Question 1
Answer saved
Marked out of 1.00
Question text
Which of the following statements are correct?
a. The difference between government spending and borrowing is called the
budget deficit.
b. If government finances part of its spending from borrowing from the central
bank, this is called inflationary financing.
c. Expansionary fiscal policy implies that taxes must increase, and government
spending must be limited.
a.
All statements are correct.
b.
a and b
c.
b and c
d.
a
e.
b
, Clear my choice
Question 2
Answer saved
Marked out of 1.00
Flag question
Question text
Which one of the following statements is correct?
a.
Nationalisation will attract foreign direct investment, which will increase
foreign reserves.
b.
Eskom is an example of a nationalised entity.
c.
The transfer of ownership from a private enterprise to the government is called
nationalisation.
d.
Nationalising an organisation would increase its efficiency
Clear my choice
Value Added Tax (VAT) is an example of which type of taxes?
a.
general tax, indirect tax and progressive tax
b.
general tax, indirect tax and regressive tax
c.
selective tax, indirect tax and regressive tax
, d.
selective tax, direct tax and progressive tax
Clear my choice
Question 4
Answer saved
Marked out of 1.00
Flag question
Question text
In 2020, Melokuhle earned a salary of R20 000 a month and paid an income tax
of R2 800; his salary increased to R25 000 a month, and he now pays an income
tax of R3 100. This is an example of a………
a.
regressive tax.
b.
progressive tax.
c.
general tax.
d.
proportional tax.
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 Wellfocus. 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)
67474 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now