ECS1601 ASSIGNMENT 2 FOR 2026

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ECS1601
ASSIGNMENT 02
YEAR: 2026

,Question 1
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Expenditure on GDP measures economic activity across the different sectors of the economy using
the expenditure approach. How is GDE estimated? (See section 5.2.)


a.
GDE=GDP+X

b.
GDE=C+I+G

c.
GDE=C+I+G+X-Z

d.
GDE=GNI
Question 2
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The equilibrium exchange rate is determined in the foreign exchange market. Which of the following
best describes how the equilibrium exchange rate is established?


a.
When exports exceed imports.

b.
When government sets a fixed value for the currency.

c.
When the demand for a currency equals its supply.

d.
When interest rates fall to zero.

, Question 3
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Refer to the figures below showing the demand for and supply of US dollars in South Africa (SA).




Which ONE of the following situations is illustrated by Figure 1?


a.
A rise in the number of SA students studying in the US.

b.
An increase in the number of US tourists visiting South Africa.

c.
A rise in the number of SA businesses investing in the US.

d.