ECS1601 ASSIGNMENT 3 FOR 2024

ECS1601
ASSIGNMENT 3 FOR 2024




FEND TUTORIALS

, Started on Wednesday, 7 August 2024, 11:05 AM
State Finished
Completed on Wednesday, 7 August 2024, 11:20 AM
Time taken 15 mins 37 secs
Marks 11.00/18.00
Grade 61.11 out of 100.00

Question 1
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If the newspaper reports that “the construction sector was responsible for 1,2% of the GDP growth”, then
this implies that the GDP has been measured according to the


a.
expenditure method.

b.
production method.

c.
income method.

d.
nominal prices method.
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Question 2
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The question is based on the information in the table below:




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,The growth rate in real GDP between 2018 and 2019 was _____.


a.
3,71%

b.
4,18%

c.
4,73%

d.
4,23%
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Question 3
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The question is based on the information
below:




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, Source: World Bank, World Development Indicators (2019)
The distance between the diagonal and the Lorenz Curve is called the _______________


a.
area of inequality

b.
Gini index

c.
perfectly equal distribution

d.
cumulative percentage of income



Whatsapp Marlvin @ +2763 173 8181