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ECS2602 Assignment 1 QUIZ (COMPLETE
ANSWERS) Semester 1 2026 - DUE 30
March 2026
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
,Exam (elaborations)
ECS2602 Assignment 1 QUIZ (COMPLETE
ANSWERS) Semester 1 2026 - DUE 30
March 2026
ECS2602 Assignment 1 QUIZ (COMPLETE ANSWERS) Semester 1 2026 - DUE
30 March 2026; 100% TRUSTED Complete, trusted solutions and
explanations. Ensure your success with us.
Question 1 Answer saved Marked out of 1.00 Which one of the following is an
example of a stabilisation policy? Select one: A. Labour market policies
aimed to increase the productivity of labour. B. Tariffs on imports. C. Inflation
targeting. D. Expansionary monetary policy during a recession. Clear my
choice Which one of the following statements is correct? An autonomous (or
exogenous) variable in our model means that the variable … Select one: A. is
determined by the level of income or output in the economy. B. increases if
income in the economy increases. C. is determined by factors such as
business confidence, regulations and political influences. D. decreases if
income in the economy decreases. Clear my choice ◄ Discussion Forums
Jump to... Assessment 2 ► Dashboard / Courses / UNISA / 2023 / Semester
1 / ECS2602-23-S1 / Welcome to the ECS2602_2023 semester site /
Assessment 1 MENU 3/6/23, 12:23 PM Assessment 1 (page 2 of 16)
Question 3 Not yet answered Marked out of 1.00 Which one of the following
would NOT be included in calculating the gross domestic product (GDP) of
South Africa? Select one: A. Ford Motor Company of America builds an
assembly plant in the Eastern Cape (South Africa). B. A citizen from
Botswana (a foreign country) earns a wage at a gold mine in South Africa. C.
Exports of agricultural products to Europe. D. Imports of motorcars from
Japan to South Africa. Clear my choice ◄ Discussion Forums Jump to...
Assessment 2 ► Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS2602-
23-S1 / Welcome to the ECS2602_2023 semester site / Assessment 1 MENU
3/6/23, 12:26 PM Assessment 1 (page 3 of 16) Question 4 Not yet
answered Marked out of 1.00 Question 5 Not yet answered Marked out of
1.00 Expenditure on the gross domestic product in South Africa is spending
on goods and services produced within the borders of South Africa … Select
one: A. including exports and imports. B. excluding imports and including
exports. C. excluding exports and including imports. D. excluding exports
and imports. Clear my choice This question is based on the following data for
country PORTHOS for 2020. Marginal propensity to consume = 0.5
Autonomous consumption = R600 million Investment spending = R40 million
Government spending = R280 million Taxes = R300 million An economist Dr
Bright Sithole calculated that the gap between the current equilibrium level
of output and income and the fullemployment level of
, SECTION A: Basic Macroeconomic
Concepts
1. Example of a stabilisation policy
Answer: D – Expansionary monetary policy during a recession.
2. Autonomous (exogenous) variable
Answer: A – Determined by factors such as business confidence, regulations and political
influences.
3. NOT included in GDP
Answer: D – Imports of motorcars from Japan.
4. Expenditure on GDP
Answer: B – Excluding imports and including exports.
5. Real GDP INCORRECT statement
Answer: D – If population increases faster than real GDP, real per capita GDP increases. (This is
false.)
✅ SECTION B: Goods Market Model &
Multiplier
6. MPC = 0.5, Gap = 110 → Tax decrease needed
Multiplier = 1/(1 − 0.5) = 2
Tax multiplier = −(0..5) = −1
Required tax cut = 110
Answer: C – R110 million
7. Equilibrium income
ECS2602 Assignment 1 QUIZ (COMPLETE
ANSWERS) Semester 1 2026 - DUE 30
March 2026
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
,Exam (elaborations)
ECS2602 Assignment 1 QUIZ (COMPLETE
ANSWERS) Semester 1 2026 - DUE 30
March 2026
ECS2602 Assignment 1 QUIZ (COMPLETE ANSWERS) Semester 1 2026 - DUE
30 March 2026; 100% TRUSTED Complete, trusted solutions and
explanations. Ensure your success with us.
Question 1 Answer saved Marked out of 1.00 Which one of the following is an
example of a stabilisation policy? Select one: A. Labour market policies
aimed to increase the productivity of labour. B. Tariffs on imports. C. Inflation
targeting. D. Expansionary monetary policy during a recession. Clear my
choice Which one of the following statements is correct? An autonomous (or
exogenous) variable in our model means that the variable … Select one: A. is
determined by the level of income or output in the economy. B. increases if
income in the economy increases. C. is determined by factors such as
business confidence, regulations and political influences. D. decreases if
income in the economy decreases. Clear my choice ◄ Discussion Forums
Jump to... Assessment 2 ► Dashboard / Courses / UNISA / 2023 / Semester
1 / ECS2602-23-S1 / Welcome to the ECS2602_2023 semester site /
Assessment 1 MENU 3/6/23, 12:23 PM Assessment 1 (page 2 of 16)
Question 3 Not yet answered Marked out of 1.00 Which one of the following
would NOT be included in calculating the gross domestic product (GDP) of
South Africa? Select one: A. Ford Motor Company of America builds an
assembly plant in the Eastern Cape (South Africa). B. A citizen from
Botswana (a foreign country) earns a wage at a gold mine in South Africa. C.
Exports of agricultural products to Europe. D. Imports of motorcars from
Japan to South Africa. Clear my choice ◄ Discussion Forums Jump to...
Assessment 2 ► Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS2602-
23-S1 / Welcome to the ECS2602_2023 semester site / Assessment 1 MENU
3/6/23, 12:26 PM Assessment 1 (page 3 of 16) Question 4 Not yet
answered Marked out of 1.00 Question 5 Not yet answered Marked out of
1.00 Expenditure on the gross domestic product in South Africa is spending
on goods and services produced within the borders of South Africa … Select
one: A. including exports and imports. B. excluding imports and including
exports. C. excluding exports and including imports. D. excluding exports
and imports. Clear my choice This question is based on the following data for
country PORTHOS for 2020. Marginal propensity to consume = 0.5
Autonomous consumption = R600 million Investment spending = R40 million
Government spending = R280 million Taxes = R300 million An economist Dr
Bright Sithole calculated that the gap between the current equilibrium level
of output and income and the fullemployment level of
, SECTION A: Basic Macroeconomic
Concepts
1. Example of a stabilisation policy
Answer: D – Expansionary monetary policy during a recession.
2. Autonomous (exogenous) variable
Answer: A – Determined by factors such as business confidence, regulations and political
influences.
3. NOT included in GDP
Answer: D – Imports of motorcars from Japan.
4. Expenditure on GDP
Answer: B – Excluding imports and including exports.
5. Real GDP INCORRECT statement
Answer: D – If population increases faster than real GDP, real per capita GDP increases. (This is
false.)
✅ SECTION B: Goods Market Model &
Multiplier
6. MPC = 0.5, Gap = 110 → Tax decrease needed
Multiplier = 1/(1 − 0.5) = 2
Tax multiplier = −(0..5) = −1
Required tax cut = 110
Answer: C – R110 million
7. Equilibrium income
