THIS DOCUMENT CONTAINS ECS2603 ASSESSMENT 6 EXPECTED QUESTIONS AND SOLUTIONS AS WELL AS ADDITIONAL RESOURCES, SEM 2 OF 2024. CORRECT USE AS A GUIDE WILL HELP YOU SCORE ABOVE 80%
Universities and universities of technology are part of central government.
True
False
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Question 2
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The public sector consists of the general government excluding the public corporations.
True
False
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Question 3
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General government is obtained by adding central government to provincial governments as well as local
governments. This includes for instance the nine provincial legislators.
True
False
,Question 7
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The question is based on the following information:
Item R million
Total government revenue 510
Total government expenditure 556
Current government revenue 490
Current government expenditure 520
Non-interest expenditure 500
Cyclically adjusted revenue 480
Cyclically adjusted expenditure 500
The conventional budget balance is R____million.
If the balance is negative indicate it using the minus sign in your answer for instance -32
Answer: -46
, Question 8
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The question is based on the following information:
Item R million
Total government revenue 510
Total government expenditure 540
Current government revenue 490
Current government expenditure 525
Non-interest expenditure 500
Cyclically adjusted revenue 480
Cyclically adjusted expenditure 500
The current budget balance is R____million.
If the balance is negative indicate it using the minus sign in your answer for instance -32
Answer: -35
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