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ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 This question is based on the following data for country PORTHOS for 2020. Marginal propensity to consume = 0.5 Autonomous consumption = R600 million Investment spending = R40 million Government spending = R280 R50,00
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  3. University Of South Africa (Unisa)
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  5. Macroeconomics (ECS2602)

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ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 This question is based on the following data for country PORTHOS for 2020. Marginal propensity to consume = 0.5 Autonomous consumption = R600 million Investment spending = R40 million Government spending = R280

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ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 This question is based on the following data for country PORTHOS for 2020. Marginal propensity to consume = 0.5 Autonomous consumption = R600 million Investment spending = R40 million Government spending = R280 million Taxes = R300 million An ec...

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  • August 11, 2024
  • 256
  • 2024/2025
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  • ecs2602 assignment 1 semester 2 2024

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CONTACT @ 061 262 1185/068 053 8213/0717513144




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,8/11/24, 12:10 AM Assessment 1 (page 1 of 30)




UNISA  2024  ECS2602-24-S2  Welcome to the module ECS2602-24-S2  Assessment 1

QUIZ




Question 1

Answer saved

Marked out of 1.00




Microeconomics studies ____ while macroeconomics studies ____


Select one:
A. individual decision-makers; the economy's overall performance.

B. what is happening in the economy currently; what happened in the past.

C. the performance of the private sector; the performance of the government.

D. the overall price level; price deter­mination in a single industry.

Clear my choice




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20768968&cmid=848061 1/1

,8/11/24, 12:10 AM Assessment 1 (page 2 of 30)




UNISA  2024  ECS2602-24-S2  Welcome to the module ECS2602-24-S2  Assessment 1

QUIZ




Question 2

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Which one of the following statements is correct?


Select one:
A. A contractionary monetary policy implies a decrease in the interest rate to increase the money supply.

B. An increase in taxes implies the implementation of expansionary fiscal policy.

C. The main policy variable of monetary policy is the interest rate.

D. Inflation targeting is an example of a stabilisation policy.

Clear my choice




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20768968&cmid=848061&page=1 1/1

, 8/11/24, 12:10 AM Assessment 1 (page 3 of 30)




UNISA  2024  ECS2602-24-S2  Welcome to the module ECS2602-24-S2  Assessment 1

QUIZ




Question 3

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Marked out of 1.00




This question is based on the following diagram. Assume that G and T increase by R100.




Which one of the following statements is INCORRECT?

Select one:
A. If taxes then increase by R100, cT will be R80, the new equilibrium level of output and income will be R1 100, and it
will be represented by point c in the above diagram.

B. If government spending increases by R100, the equilibrium level of output and income will be R1 500, and the Z curve
will shift to Z1.

C. The above diagram and questions imply the working of the balanced budget multiplier.

D. Although there is an increase of R100 in taxes, there will be still an expansionary net effect of R500 on the
equilibrium level of output and income.

Clear my choice




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20768968&cmid=848061&page=2 1/1

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