Exam (elaborations)
Ecs1601 Assignment 3 2024
- Course
- Economics IB
- Institution
- University Of South Africa (Unisa)
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8/6/24, 7:03 PM Assessment 3: Attempt reviewECS1601-24-Y Online assessments Assessment 3
QUIZ
Started on Tuesday, 6 August
2024, 6:39 PM
State Finished
Completed on Tuesday, 6 August
2024, 7:02 PM
Time taken 23 mins 24 secs
Marks 17.00/18.00
Grade 94.44 out of 100.00
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20634451&cmid=871349 1/18
,8/6/24, 7:03 PM Assessment 3: Attempt review
Question 1
Correct
Mark 1.00 out of 1.00
Which of the following statements
regarding rating agencies is correct?
a. Corruption is not considered
when rating agencies assign an
investment rating to an
economy.
b. The level of public debt is not
considered when rating agencies
assign an investment rating to
an economy.
c. Countries that fall under
non-investment grade are
also referred to as “junk
status” economies.
d. Credit ratings are only assigned
at the macroeconomic level.
Corruption is considered when rating
agencies assign an investment rating to
an economy. Corruption by government
often leads to mismanagement of public
nances and resources, resulting in
increased government debt and lack of
service delivery to citizens. Corruption
occurs because resources are not used
for the purposes they are meant for. This
negatively affects investor con dence.
The level of public debt is considered
when rating agencies decide on a credit
rating. If government is unable to repay
its debt, this makes the country a higher
default risk. Default risk refers to the risk
associated with a country’s ability to
repay its debts. Therefore, the higher the
level of public debt, the higher the default
risk associated with the country.
Countries that fall under non-investment
grade are also referred to as “junk status”
economies. These are usually countries
with high levels of public debt, corruption,
low economic growth, and political
interference in state institutions.
Credit ratings can also be assigned at a
smaller scale to commercial banks, such
as Absa and First National Bank, state-
owned enterprises such as Eskom and
even retail stores, such as Edgars. Their
creditworthiness, management and
e ciency are also assessed before
individuals and large pension funds
decide to invest.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20634451&cmid=871349 2/18
,8/6/24, 7:03 PM Assessment 3: Attempt review
Question 2
Correct
Mark 1.00 out of 1.00
The next question is based on the
information in the table below.
The South African consumer price index
(all urban areas) 2018 and 2019
(December 2016 = 100)
South African Reserve Bank, Quarterly
Bulletin, December 2020
What was the percentage change for
food and non-alcoholic beverages
between 2018 and 2019?
a. 4,6%
b. 6,1%
c. 3,5%
d. -3,4%
The percentage change in the consumer
price index for food and non-alcoholic
beverages can be calculated as follows :
Question 3
Correct
Mark 1.00 out of 1.00
If the newspaper reports that “the
construction sector was responsible for
1,2% of the GDP growth”, then this
implies that the GDP has been measured
according to the
a. expenditure method.
b. production method.
c. income method.
d. nominal prices method.
The measurement of GDP used in this
instance is production method, as it
looks at the value added by the sector.
The statement does not discuss the
respective expenditures of the sector.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20634451&cmid=871349 3/18
, 8/6/24, 7:03 PM Assessment 3: Attempt review
Question 4
Correct
Mark 1.00 out of 1.00
Which of the following statements are
correct examples of nal goods and
intermediate goods?
a) Thabo buys cake and milk for
breakfast at the local supermarket.
b) Sne is a baker and buys milk, our,
sugar and so on to make delicious
scones, which she sells to the
community.
c) Sibusiso, a farmer, buys seed to plant
vegetables.
a and b
b and c
b
c
a, b and c
Final goods are sold to the consumer and
the intermediate goods are sold to be
used as part of the production process.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20634451&cmid=871349 4/18
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