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ECS1601 ASSESSMENT 4 2024 Which one of the following is NOT a purpose of economic theory? a. to serve as a basis for policy decisions. b. to help us to understand what is happening in all aspects of the real world. c. to help us predict what will happen i R78,20
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  3. University Of South Africa (Unisa)
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  5. Economics IB (ECS1601)

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ECS1601 ASSESSMENT 4 2024 Which one of the following is NOT a purpose of economic theory? a. to serve as a basis for policy decisions. b. to help us to understand what is happening in all aspects of the real world. c. to help us predict what will happen i
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ECS1601 ASSESSMENT 4 2024 Which one of the following is NOT a purpose of economic theory? a. to serve as a basis for policy decisions. b. to help us to understand what is happening in all aspects of the real world. c. to help us predict what will happen if something changes. d. to describe wha...

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  • September 3, 2024
  • 340
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • economics ib macroeconomics i ecs1601

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Education is the most powerful weapon which you can use to change the world

, ECS1601-24-Y_AS4  Introduction  Assessment 4

QUIZ




Started on Tuesday, 3 September 2024, 8:18 AM
State Finished
Completed on Tuesday, 3 September 2024, 9:10 AM
Time taken 51 mins 22 secs


Question 1
Complete

Marked out of 1.00




Which one of the following is NOT a purpose of economic theory?


a. to serve as a basis for policy decisions.
b. to help us to understand what is happening in all aspects of the real world.
c. to help us predict what will happen if something changes.
d. to describe what happens in the real world.
e. to help us explain what is happening in the economy.



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2
Complete

Marked out of 1.00




The circular flow model reveals that a decrease in South African imports will … .


a. increase output and income in the rest of the world
b. increase revenue to foreign firms
c. decrease South African imports
d. increase revenue and domestic production in South Africa

, Question 3

Complete

Marked out of 1.00




Identify the various leakages and injections into the circular flow of income and
spending.
a) Leakages: imports, savings
b) Injection: exports, investment
c) Injection: X + I + G
d) Leakages: S+ Z


a. b, c and d
b. b and c
c. a, b, c and d
d. a and b




Question 4
Complete

Marked out of 1.00




The National Treasury has announced an increase in the capital gains tax rate to
45% to increase the funding of social grants to the poor in South Africa. Which
objective of macroeconomic policy is the government trying to achieve through this
decision?


a. balance of payments stability
b. full employment
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c. equitable income distribution
d. economic growth




Question 5
Complete

Marked out of 1.00




Which one of the following statements is/are correct about the total demand for
money?


a) It is not affected by the interest rate but by the income level only.
b) It is affected by both the income level and the interest rate level.
c) It is not affected by the income but by the interest rate only.



a. b
b. a
c. b and c
d. c

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