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Exam (elaborations)

ECS1601 - Assessment 3 Review - Distinction - 2023

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This document serves as a guide to help reflect on my review of Assessment 3 for ECS1601. This is purely for reflection purposes and shows my decisions on the answers to the assessment as well as the marks I obtained for each answer.

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Institution
University Of South Africa (Unisa)
Course
Economics Ecs1601 (ECS1601)









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Institution
University of South Africa (Unisa)
Course
Economics Ecs1601 (ECS1601)
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Uploaded on
July 11, 2023
Number of pages
14
Written in
2022/2023
Type
Exam (elaborations)
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  • ecs1601 assessment 3

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Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS1601-23-S1 / Online assessments / Assessment 3

Started on Tuesday, 18 April 2023, 7:09 PM
State Finished
Completed on Tuesday, 18 April 2023, 7:52 PM
Time taken 43 mins 19 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00


Question 1
Correct

Mark 1.00 out of 1.00




With the given information, answer the question.


Autonomous consumption R 500 billion

Autonomous government expenditure R 200 billion
Autonomous investment R 250 billion

Autonomous exports R 400 billion

Autonomous imports R 250 billion
Marginal propensity to consume 0,8


What is the size of the multiplier?




Answer:
5


, Question 2

Correct

Mark 1.00 out of 1.00


MENU

This question is based on the information below:
Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS1601-23-S1 / Online assessments / Assessment 3




Based on the information above, what is the change in government spending required for the economy to reach full employment? (at each
step of your calculation, round off to 2 decimal places)



a. R2 229 million
b. R1 311 million 
c. R2 771 million
d. R3 689 million
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