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,8/10/24, 11:20 PM Assessment 1 (page 1 of 30)
UNISA 2024 ECS2602-24-S2 Welcome to the module ECS2602-24-S2 Assessment 1
QUIZ
Question 1
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Marked out of 1.00
Which one of the following statements is INCORRECT?
Select one:
A. Expansionary fiscal policy decreases the budget deficit.
B. If the tax revenue of the government is larger than government spending, a budget surplus exists.
C. The main instrument of fiscal policy is the budget.
D. The main fiscal policy variables are government spending and taxation.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20766736&cmid=848061 1/1
,8/10/24, 11:20 PM 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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Marked out of 1.00
Which one of the following statements is correct?
Select one:
A. A decrease in the interest rate implies the implementation of expansionary monetary policy.
B. Inflation targeting is an example of a stabilisation policy.
C. An increase in taxes implies the implementation of expansionary fiscal policy.
D. A contractionary monetary policy implies a decrease in the interest rate to increase the money supply.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20766736&cmid=848061&page=1 1/1
, 8/10/24, 11:20 PM 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 information regarding a goods market model:
Autonomous consumption = R450 million
Government spending = R300 million
Taxes = R200 million
Marginal propensity to consume = ¾
At an equilibrium income level of R2 400 million, the consumption spending is equal to _________.
Select one:
A. R1 650 million
B. R2 550 million
C. R2 100 million
D. R2 250 million
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20766736&cmid=848061&page=2 1/1
