Exam (elaborations)
ECS1601 Assignment 2 Due 30 July 2024
- Institution
- University Of Cape Town (UCT)
ECS1601 Assignment 2 Due 30 July 2024
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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
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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
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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
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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.
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