ECS2602 Latest exam pack questions and answers and summarized notes for exam preparation. Updated for October November 2023 exams . For assistance Whats-App.0.6.7..1.7.1..1.7.3.9 . All the best on your exams!!
[Mostrar más]
Última actualización de este documento: 1 año hace
Question 3 of 30 3.33 Points
Which one of the following statements is INCORRECT, referring to the balanced budget
multiplier? Assume that c = 0.6. The government increases Its spending by 300 and taxes also
increase by 300, then ...
there will be still a net expansionary effect on the equilibrium level of output and
income, although there is an increase of R300 in taxes.
- ' Cc
the multiplier effect for an increase in government spending will be higher than the
backwards multiplier effect for an increase in taxes since the multiplier starts to
operate from 300 in the case of government spending and the case of taxes it
operates through the change in disposable income.
i
a.
=
e D.
increase in the level of output and income will be 750 due to the increase in
government spending and the decrease in the level of output and income will be
450 due to the increase in taxes. The net effect is an increase of 300 in the level of
output and income.
Reset Selection
Part 4 of 14 - ECS2602 Exam 2021 Syllabus
, Question 4 of 30 3.33 Points
This question is based on the following data for the country XYZ for 2016.
Marginal propensity to consume = 0.5
Autonomous consumption = R600 million
Investment spending = R40 million
Government spending = R280 million
Taxes = R300 million
Yr =R1 700 milllion
In the goods market, the equilibrium level of income is , and to reach the full-employment
level of income, government spending (G) must increase by ,
° C A.
R 1240 million; G must increase by R460
——..
° s B.
R 1240 million; G must increase by R230
e 2 C.
R 1540 million; G must increase by R80
° D.
R 1540 million; G must increase by R160
Reset Selection
Part 5 of 14 - ECS2602 Exam_ 2021 Syllabus
Question 5 of 30 3.33 Points
Study the following diagram and answer the question:
Which one of the following statements is correct?
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable.
Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller iStudy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for 2,77 €. You're not tied to anything after your purchase.
