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Assignment 2 answers - ECS1601-multiple choice questions
Macroeconomics (University of South Africa)
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Question 1 A nation’s standard of living will certainly increase when...
A. real GDP rises faster than the population growth rate.
B. real GDP rises faster than the price level.
C. real GDP rises.D. real GDP rises faster than the number of people employed.
Answer Key: A
Question 2 The term nominal GDP implies that...
A. constant prices were used to calculate GDP.
B. base year prices were used to calculate GDP.
C. current prices were used to calculate GDP.
D. domestic prices were used to calculate GDP.
Answer Key: C
Question 3 Which of the following figures shows the impact of an increase in USA interest
rates on the South African foreign exchange market?
A. Figure 1
B. Figure 2
C. Figure 3
D. Figure 4
Answer Key: B
Question 4 An increase in the supply of dollars in the South African foreign exchange market
can be caused by...
A. more South African firms purchasing capital goods from the United States.
B. an increase in the gold price.
C. a decrease in economic activity in the United States.
D. more South African tourists visiting the United States. Answer Key: B
This study source was downloaded by 100000856041893 from CourseHero.com on 10-31-2022 14:59:30 GMT -05:00
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Assignment 2 answers - ECS1601-multiple choice questions
Macroeconomics (University of South Africa)
This study source was downloaded by 100000856041893 from CourseHero.com on 10-31-2022 14:59:30 GMT -05:00
StuDocu is not sponsored or endorsed by any college or university
https://www.coursehero.com/file/109749836/assignment-2-answers-ecs1601-multiple-choice-questionspdf/
Downloaded by THEMBELANI MLOTYA ()
, lOMoARcPSD|3541481
Question 1 A nation’s standard of living will certainly increase when...
A. real GDP rises faster than the population growth rate.
B. real GDP rises faster than the price level.
C. real GDP rises.D. real GDP rises faster than the number of people employed.
Answer Key: A
Question 2 The term nominal GDP implies that...
A. constant prices were used to calculate GDP.
B. base year prices were used to calculate GDP.
C. current prices were used to calculate GDP.
D. domestic prices were used to calculate GDP.
Answer Key: C
Question 3 Which of the following figures shows the impact of an increase in USA interest
rates on the South African foreign exchange market?
A. Figure 1
B. Figure 2
C. Figure 3
D. Figure 4
Answer Key: B
Question 4 An increase in the supply of dollars in the South African foreign exchange market
can be caused by...
A. more South African firms purchasing capital goods from the United States.
B. an increase in the gold price.
C. a decrease in economic activity in the United States.
D. more South African tourists visiting the United States. Answer Key: B
This study source was downloaded by 100000856041893 from CourseHero.com on 10-31-2022 14:59:30 GMT -05:00
https://www.coursehero.com/file/109749836/assignment-2-answers-ecs1601-multiple-choice-questionspdf/
Downloaded by THEMBELANI MLOTYA ()
