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Exam (elaborations)

ECS1601 ASSIGNMENT 7, 2023 SEMESTER 2 DISTINCTION GURANTEED

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This document contains all questions and answers for assignment 7 with distinctions on all seven attempts of the assignment. Some questions are repetitive and some are not, enjoy!

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Uploaded on
November 17, 2022
Number of pages
119
Written in
2023/2024
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11/17/22, 10:34 AM Assessment 7: Attempt review

Started on Thursday, 17 November 2022, 9:51 AM
State Finished
Completed on Thursday, 17 November 2022, 10:23 AM
Time taken 32 mins 7 secs
Marks 28.00/30.00
Grade 93.33 out of 100.00


Question 1
Correct

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Which of the following is true regarding an open economy in the Keynesian model?


Select one:
a. A larger marginal propensity to consume will increase the size of the multiplier.
b. The impact of a change in aggregate expenditure is larger than in a closed economy.
c. When net exports increase, aggregate spending will decrease.
d. As investment spending decreases, the size of the multiplier decreases




Question 2
Correct

Mark 1.00 out of 1.00




The question is based on the figure below:




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.




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6520823&cmid=213776#question-6634644-12 1/14

, 11/17/22, 10:34 AM Assessment 7: Attempt review

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:
-R50




Question 4
Correct

Mark 1.00 out of 1.00




In the Keynesian model with a government and foreign sector, an increase in government spending …


Select one:
a. increases both exports and imports.
b. decreases the equilibrium level of income.
c. increases the equilibrium level of income and decrease imports.
d. increases the equilibrium level of income.




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6520823&cmid=213776#question-6634644-12 2/14

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