This assignment contributes 20% towards your semester mark.
Please ensure that this assignment reaches the university before the due date.
1. The main focus of this macroeconomics module is the study of ….
1. The determinants of the short, medium and long-term growth potential of the economy.
2. Only the interaction between the goods market and the financial market.
3. Different theories on the determination of output in a closed economy in the short term only.
4. Only the determination of output and the impact of fiscal and monetary policy on the financial,
labour and foreign exchange markets.
5. The determination of output and the impact of fiscal and monetary policy on the level
of output.
Explanation:
Refer to page 4 in the study guide
2. Which of the following would be included in the calculation of gross domestic product (GDP) of South
Africa?
a. A citizen from Zimbabwe (foreign country) earns a wage at a gold mine in South Africa.
b. A farmer from Gauteng (South Africa) buys his neighbour's tractor.
c. Ford Motor Company of America builds an assembly plant in the Eastern Cape (South Africa).
d. Exports of agricultural products to Britain.
e. Imports of motorcars from Japan to South Africa.
1. a, b, c, d and e
2. Only a, c and d
3. Only b, c and e
4. Only a and c
5. Only b and e
Explanation:
Please ensure that this assignment reaches the university before the due date.
1. The main focus of this macroeconomics module is the study of ….
1. The determinants of the short, medium and long-term growth potential of the economy.
2. Only the interaction between the goods market and the financial market.
3. Different theories on the determination of output in a closed economy in the short term only.
4. Only the determination of output and the impact of fiscal and monetary policy on the financial,
labour and foreign exchange markets.
5. The determination of output and the impact of fiscal and monetary policy on the level
of output.
Explanation:
Refer to page 4 in the study guide
2. Which of the following would be included in the calculation of gross domestic product (GDP) of South
Africa?
a. A citizen from Zimbabwe (foreign country) earns a wage at a gold mine in South Africa.
b. A farmer from Gauteng (South Africa) buys his neighbour's tractor.
c. Ford Motor Company of America builds an assembly plant in the Eastern Cape (South Africa).
d. Exports of agricultural products to Britain.
e. Imports of motorcars from Japan to South Africa.
1. a, b, c, d and e
2. Only a, c and d
3. Only b, c and e
4. Only a and c
5. Only b and e
Explanation:
