Other
ECS1601 ASSIGNMENT 3 EXPECTED QUESTIONS AND ANSWERS
- Course
- Economics IB (ECS1601)
- Institution
- University Of South Africa (Unisa)
ECS1601 ASSIGNMENT 3 EXPECTED QUESTIONS AND ANSWERS
[Show more]
Content preview
8/7/24, 3:22 PM Assessment 3 (page 9 of 9)UNISA 2024 ECS1601-24-Y Online assessments Assessment 3
QUIZ
Question 17
Answer saved
Marked out of 1.00
Consider the graph below:
Which of the following is correct?
a. MPC is 1/4
b. MPC is 5/4
c. MPS is 1-1/4
d. MPC is 4/5
e. MPC cannot be calculated from the given information
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20664574&cmid=871349&page=8#question-20893562-18 1/2
,8/7/24, 3:22 PM Assessment 3 (page 9 of 9)
Question 18
Not yet answered
Marked out of 1.00
If the marginal propensity to consume is 0,6 which of the following statements
is correct?
a. It means that 60% of the increase in income is saved, while the
remaining 40% will be used for consumption.
b. It means that 60% of total income earned is saved.
c. It means that a change in income does not affect the marginal
propensity to consume.
d. It means that 60% of an increase in income will be used for
consumption, while the remaining 40% will be saved.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20664574&cmid=871349&page=8#question-20893562-18 2/2
,8/7/24, 3:20 PM Assessment 3 (page 1 of 9)
UNISA 2024 ECS1601-24-Y Online assessments Assessment 3
QUIZ
Question 1
Answer saved
Marked 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.
Clear my choice
Question 2
Answer saved
Marked out of 1.00
If GDP is greater than GDE,
a. the country has a deficit in the current account.
b. exports are greater than imports.
c. taxes are more than government expenditure.
d. the country is consuming more than it is producing.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20664574&cmid=871349 1/2
, 8/7/24, 3:20 PM Assessment 3 (page 1 of 9)
Question 3
Answer saved
Marked out of 1.00
The question is based on the information below:
Source: World Bank, World Development Indicators (2019)
Based on the Lorenz Curve above, which country has the most unequal income distribution?
a. Sweden
b. South Africa
c. India
d. United States
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20664574&cmid=871349 2/2
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 tatendamuzavazi. 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)
53340 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now