, 1. UNISA
2. 2025
3. ECS1500-25-Y
4. Welcome Message
5. Assessment 4
Quiz
Assessment 4
Started on Thursday, 10 July 2025, 2:26 PM
State Finished
Completed on Thursday, 10 July 2025, 3:16 PM
Time taken 50 mins 3 secs
Marks 36.00/40.00
Grade 90.00 out of 100.00
Feedback Excellent work! You seem to understand the content of Learning Units 6 and
7 well. Please read the feedback provided for each question carefully and
make sure you agree with the explanations provided. Note that you are
allowed to submit 3 attempts for this assessment and that the marks for the
best attempt will contribute towards your final credits.
Question 1
Correct
Mark 2.00 out of 2.00
Flag question
, Question text
If we add the total value of all final goods and services sold in the market for goods and services to
calculate GDP, we are using the......
Select one:
a.
expenditure approach
b.
income method
c.
production method
Feedback
Your answer is correct. Well done!
If we add all the expenditure on final goods and services in the market for consumer goods and
services, we are using the expenditure approach to calculate GDP. See section 6.2.2.2 for all the
different methods to calculate GDP.
The correct answer is: expenditure approach
Question 2
Correct
Mark 2.00 out of 2.00
Flag question
Question text
The question is based on information of country XYZ for 2016 in the following table:
Information for Country XYZ for 2016
Item Amount (Q 000)
Consumption expenditure by households 150
Government expenditure 130
Gross capital formation 80
Exports 45
Imports 65
Expenditure on GDP of country XYZ for 2016 is equal to
Select one:
, a.
Q150 000
b.
Q380 000
c.
Q470 000
d.
Q360 000
e.
Q340 00
Feedback
Your answer is correct. Well done!
In Economics we use the following symbols to represent the different components of expenditure on
GDP:
Consumption by households: C
Government expenditure: G
Gross capital formation: I
Exports: X
Imports: Z
In section 6.2.4.2 it is shown that:
Expenditure on GDP = C + I + G + X – Z
Thus, expenditure on GDP for country XYZ for 2016:
= Q150 000 + Q130 000 +Q80 000 + Q45 000 – Q65 000 = Q340 000.
The correct answer is: Q340 00
Question 3
Correct
Mark 2.00 out of 2.00
Flag question
Question text
The question is based on the table below, which shows the total production in a small economy for
the years 2015 and 2019:
2. 2025
3. ECS1500-25-Y
4. Welcome Message
5. Assessment 4
Quiz
Assessment 4
Started on Thursday, 10 July 2025, 2:26 PM
State Finished
Completed on Thursday, 10 July 2025, 3:16 PM
Time taken 50 mins 3 secs
Marks 36.00/40.00
Grade 90.00 out of 100.00
Feedback Excellent work! You seem to understand the content of Learning Units 6 and
7 well. Please read the feedback provided for each question carefully and
make sure you agree with the explanations provided. Note that you are
allowed to submit 3 attempts for this assessment and that the marks for the
best attempt will contribute towards your final credits.
Question 1
Correct
Mark 2.00 out of 2.00
Flag question
, Question text
If we add the total value of all final goods and services sold in the market for goods and services to
calculate GDP, we are using the......
Select one:
a.
expenditure approach
b.
income method
c.
production method
Feedback
Your answer is correct. Well done!
If we add all the expenditure on final goods and services in the market for consumer goods and
services, we are using the expenditure approach to calculate GDP. See section 6.2.2.2 for all the
different methods to calculate GDP.
The correct answer is: expenditure approach
Question 2
Correct
Mark 2.00 out of 2.00
Flag question
Question text
The question is based on information of country XYZ for 2016 in the following table:
Information for Country XYZ for 2016
Item Amount (Q 000)
Consumption expenditure by households 150
Government expenditure 130
Gross capital formation 80
Exports 45
Imports 65
Expenditure on GDP of country XYZ for 2016 is equal to
Select one:
, a.
Q150 000
b.
Q380 000
c.
Q470 000
d.
Q360 000
e.
Q340 00
Feedback
Your answer is correct. Well done!
In Economics we use the following symbols to represent the different components of expenditure on
GDP:
Consumption by households: C
Government expenditure: G
Gross capital formation: I
Exports: X
Imports: Z
In section 6.2.4.2 it is shown that:
Expenditure on GDP = C + I + G + X – Z
Thus, expenditure on GDP for country XYZ for 2016:
= Q150 000 + Q130 000 +Q80 000 + Q45 000 – Q65 000 = Q340 000.
The correct answer is: Q340 00
Question 3
Correct
Mark 2.00 out of 2.00
Flag question
Question text
The question is based on the table below, which shows the total production in a small economy for
the years 2015 and 2019:
