Ecs1601 assessment 3 - Study guides, Study notes & Summaries

ECS1601 Assignment 7 (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references ,... Question 1 (5 marks) Maximum word count: 100 words 1.1 Suppose you live in South Africa and have the option to buy proudly South African products or international brands. With reference to the circular flow of goods and services and the circular flow of income and spending between households, firms, government and the...

This document serves as a guide to help reflect on my review of Assessment 3 for ECS1601. This is purely for reflection purposes and shows my decisions on the answers to the assessment as well as the marks I obtained for each answer.

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THIS DOCUMENT CONTAINS CAREFULLY WORKED OUT AND EXPLAINED ECS1601 ASSESSMENT 3 OF 2024 EXPECTED QUESTIONS AND SOLUTIONS. USE IT CAREFULLY TO SCORE ABOVE 80%

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ECS1601 ASSESSMENT 3 SEMESTER2 2024

ECS1601 Assessment 7 - Alternative 2024 – DUE 2 November 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. Question 1 (5 marks) Maximum word count: 100 words 1.1 Suppose you live in South Africa and have the option to buy proudly South African products or international brands. With reference to the circular flow of goods and services and the circular flow of income and spending between households, firms, government and the foreign sector, provide an explanation as to why...

ECS1601 Assessment 7 Attempt review Economics IB (University of South Africa) lOMoARcPSD| Started on Wednesday, 8 June 2022, 6:11 PM State Finished Completed on Wednesday, 8 June 2022, 7:57 PM Time taken 1 hour 46 mins Marks 17.00/30.00 Grade 56.67 out of 100.00 Question 1 Incorrect Mark 0.00 out of 1.00 Question 2 Correct Mark 1.00 out of 1.00 What type of unemployment would occur when there is general downturn in economic activity? Select one: a. seasonal unemployment  b. ...

ECS1601 ASSESSMENT 3 If a certain newspaper reports that “the construction sector was responsible for 1.8% of the GDP growth (for a specific period),this implies that the GDP has been measured according to...method. a. expenditure  b. production c. income d. nominal prices