Ecs2602 exam pack 2022 Study guides, Study notes & Summaries

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GUIDELINES TO ANSWER THE OCT/NOV 2019 EXAMINTION PAPER: Unique number SECTION A: COMPULSORY (60 marks: 30 x 2 = 60) QUESTION 1 (5 marks) (x2 = 10 marks) a. It is where the change in G is equal to the change in T (∆G = ∆T) and the equal increase in government spending and taxes will still have a stimulatory impact on the level of output and

Latest exam pack questions and answers, perfect for exam preparation

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...

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 EXAM PACK 2022 (Complete Exam prep) This is an all-inclusive guide to ECS2602 - Macroeconomics Consider the consumption functions of country A and country B. Country A: C = 2 000 + 0.7Y D Country B: C = 1 000 + 0.9Y D Which of the follow ing state ments is/are correct? a) In country A autonomous consumption is higher than in country B. b) In country B induced consumption is definitely higher than in country A. c) In country B total consumption is definitely higher than in country ...

ECS2602 EXAM PACK 2022 (Complete Exam prep) This is an all-inclusive guide to Exam for ECS2602 - Macroeconomics 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 acco...

ECS2602 EXAM PACK 2022 (Complete Exam prep) This is a complete guide to ECS2602 EXAM PACK 2022 (Complete Exam prep). 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 financ...