ECS1601 Assignment 7 Semester 2
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Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
Started on Thursday, 10 November 2022, 11:23 AM
State Finished
Completed on Thursday, 10 November 2022, 12:16 PM
Time taken 52 mins 20 secs
Marks 26.00/30.00
Grade 86.67 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
In the Keynesian model, government expenditure …
Select one:
a. increases with investment because investment increases the size of the tax base.
b. is determined by the level of tax revenue.
c. is undertaken solely to regulate the level of spending.
d. can be ignored because investment is taken to be the key determinant of income.
e. is taken to be autonomous because it is subject to government policy.
The correct answer is: is taken to be autonomous because it is subject to government policy.
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Question 2
Incorrect
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The question is based on the figure below:
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
The movement from X to X’ can result from …
Select one:
a. an increase in domestic income.
b. a decrease in domestic income.
c. a depreciation of the rand against the dollar.
d. an appreciation of the rand against the dollar.
The correct answer is: a depreciation of the rand against the dollar.
Question 3
Correct
Mark 1.00 out of 1.00
The question is based on the following information.
Given autonomous consumption of R300, marginal propensity to consume of ¾, and level of income of R1000.
What is the amount of total saving is
Answer:
-50
The correct answer is: -R50
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Question 4
Correct
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Use a Keynesian model to calculate the answer.
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
Full employment output = 80 million
Investment = 20 million
Autonomous consumption = 15 million
The marginal propensity to consume = 0,6
What will the equilibrium level of income be?
Answer:
87 500 000
The correct answer is: 87,5 million
Question 5
Correct
Mark 1.00 out of 1.00
Other things equal, a reduction in personal and business taxes can be expected to ...
Select one:
a. increase aggregate demand and decrease total real production.
b. increase both aggregate demand and total real production.
c. decrease both aggregate demand and aggregate supply.
d. decrease aggregate demand and increase aggregate supply.
The correct answer is: increase both aggregate demand and total real production.
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Distribution of this document is illegal $103 per month?
2022-Q &S distinction Guaranteed
written by
Maddigits
www.stuvia.com
Downloaded by: tebellomoepenge | Want to earn
Distribution of this document is illegal $103 per month?
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MENU
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
Started on Thursday, 10 November 2022, 11:23 AM
State Finished
Completed on Thursday, 10 November 2022, 12:16 PM
Time taken 52 mins 20 secs
Marks 26.00/30.00
Grade 86.67 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
In the Keynesian model, government expenditure …
Select one:
a. increases with investment because investment increases the size of the tax base.
b. is determined by the level of tax revenue.
c. is undertaken solely to regulate the level of spending.
d. can be ignored because investment is taken to be the key determinant of income.
e. is taken to be autonomous because it is subject to government policy.
The correct answer is: is taken to be autonomous because it is subject to government policy.
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Distribution of this document is illegal $103 per month?
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Question 2
Incorrect
Mark 0.00 out of 1.00
MENU
The question is based on the figure below:
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
The movement from X to X’ can result from …
Select one:
a. an increase in domestic income.
b. a decrease in domestic income.
c. a depreciation of the rand against the dollar.
d. an appreciation of the rand against the dollar.
The correct answer is: a depreciation of the rand against the dollar.
Question 3
Correct
Mark 1.00 out of 1.00
The question is based on the following information.
Given autonomous consumption of R300, marginal propensity to consume of ¾, and level of income of R1000.
What is the amount of total saving is
Answer:
-50
The correct answer is: -R50
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Distribution of this document is illegal $103 per month?
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Question 4
Correct
Mark 1.00 out of 1.00
MENU
Use a Keynesian model to calculate the answer.
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
Full employment output = 80 million
Investment = 20 million
Autonomous consumption = 15 million
The marginal propensity to consume = 0,6
What will the equilibrium level of income be?
Answer:
87 500 000
The correct answer is: 87,5 million
Question 5
Correct
Mark 1.00 out of 1.00
Other things equal, a reduction in personal and business taxes can be expected to ...
Select one:
a. increase aggregate demand and decrease total real production.
b. increase both aggregate demand and total real production.
c. decrease both aggregate demand and aggregate supply.
d. decrease aggregate demand and increase aggregate supply.
The correct answer is: increase both aggregate demand and total real production.
Downloaded by: tebellomoepenge | Want to earn
Distribution of this document is illegal $103 per month?
