Ecs2602 exam pack - Study guides, Study notes & Summaries

ECS2601 (Microeconomics) LATEST EXAM PACK 2023 SOLUTIONS

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ECS2602 Macroeconomics EXAM STUDY PACK WITH Q & A 2022. Question 1 Which of the following statements is/are correct? a) In this module we only study the demand side of the economy which includes the goods market and the financial market. The labour market form part of the supply side analysis and are therefore excluded from this module. b) The two most important accounts of the balance of payments are the current account and the financial account. c) If total output decreases with 2% duri...

ECS2602 EXAM STUDY PACK 2022. ECS2602 - Macroeconomics In the goods market model a decrease in taxes will result in … a) an increase in autonomous consumption. b) an increase in disposable income. c) an increase in income. d) a decrease in induced consumption. 1) a, b and c 2) a, b and d 3) b, c and d 4) a, c and d 5) None of the options 1 to 4 (correct option is 5.) Explanation A decrease in taxes increases disposable income and consequently induced consumption spending increases...

ECS2602 EXAM PACK 2023

Recent exam questions and answers and summarized notes for exam preparation. Whatsapp 067 171 1739 for assistance. All the best on your exams!! Explanation In country A autonomous consumption is 2 000 while in country B it is 1 000. It is therefore higher in country A. Induced consumption is that part of consumption that depends on income. To know what the induced consumption is we need not only to know what the marginal propensity to consume is but also what the income is. We can there...

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ECS2602 STUDY PACK 2023 Latest exam pack questions and answers and summarized notes for exam preparation. 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on 079 811 9845 .

ECS2602 EXAM MEMO 2023 Latest exam pack questions and answers and summarized notes for exam preparation. 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on 079 811 9845 .