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Exam (elaborations)

ECS 2602_Assessment 1_Videos_LU 1 to LU 3 S2 2025 ANSWERS

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ECS 2602_Assessment 1_Videos_LU 1 to LU 3 S2 2025

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Macroeconomics (ECS2602)









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  • ecs 2602assessment 1videoslu 1 to lu 3 s2 2025

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ESC2602




ASSEMENT 1: Videos and Questions

Question 1
(a) Government
(b) Budget


Question 2
(a) Unemployment low
(b) Inflation


Question 3
(a) Deficit


1

, (b) Revenue


Question 4
Required reserve ratio


Question 5
(a) Taxes
(b) Government spending
(c) Expansionary




Question 6
(a) Monetary Policy determined money approach
(b) Market determined money approach
(c) Decrease
(d) Increase
(e) imcrease


Question 7
Statement B is correct.
Question 8
Statement B is correct.


Question 9
Option D would be excluded in calculating GDP.


Question 10
Option A is correct.


Question 11
(a) Real GDP
(b) Output/Income


2
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