GDP at current prices increased by 4,5% from year A to year B. GDP at constant prices
increased by 2% from year A to year B. Based on this information, which one of the
following statements is correct?
Select one:
a.
The value of production increased by 2,5% from year A to year B.
b.
The physical amount of production increased by 2% from year A to year B.
c.
The economy grew by 2,5% from year A to year B.
d.
The interest rate in year A was 2,5%.
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The correct answer is: The physical amount of production increased by 2% from year A
to year B.
Question 2
Correct
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A share is a capital market instrument that represents ownership in the company that
issues the shares to the public.
Select one:
True
False
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The correct answer is 'True'.
Question 3
Incorrect
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An expansionary phase of the business cycle indicates that production is decreasing in
the economy.
a.
True
b.
False
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The correct answer is: False
Question 4
Correct
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When the rand appreciates against the dollar, cars imported from the USA will become
cheaper for South Africans.
a.
True
b.
False
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The correct answer is: True
Question 5
Incorrect
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The Gini coefficient for country X was 0,50 in 2010 but changed to 0,70 in 2016.
Which of the following statement/s is/are correct?
1. The income distribution in country X was more equal in 2010.
2. The Lorenz curve for country X shifted to the left from 2010 to 2016.
3. Inequality was higher in 2016.
4. The Lorenz curve for country X shifted to the right from 2010 to 2016.
a.
Only 2, 3 and 4 are correct.
b.
Only 1, 2 and 3 are correct.
c.
Only 1, 2 and 4 are correct.
d.
Only 1, 3 and 4 are correct.
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The correct answer is: Only 1, 3 and 4 are correct.
Question 6
Correct
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The monetary system is the only form of exchange system.
Select one:
a.
False
b.
True
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The correct answer is: False
, Question 7
Incorrect
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The consumer price index (CPI) provides an indication of the change in the …
[1] nominal value of consumer goods and services produced.
[2] real value of consumer goods and services produced.
[3] prices of consumer goods and services.
Select one:
a.
only 1 and 2 are correct
b.
only 1 and 3 are correct
c.
1, 2 and 3 are correct
d.
only 3 is correct
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The correct answer is: only 3 is correct
Question 8
Correct
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Water and electricity in urban areas are supplied to households by …
Select one:
a.
increased by 2% from year A to year B. Based on this information, which one of the
following statements is correct?
Select one:
a.
The value of production increased by 2,5% from year A to year B.
b.
The physical amount of production increased by 2% from year A to year B.
c.
The economy grew by 2,5% from year A to year B.
d.
The interest rate in year A was 2,5%.
Feedback
The correct answer is: The physical amount of production increased by 2% from year A
to year B.
Question 2
Correct
Mark 2.00 out of 2.00
Flag question
Question text
A share is a capital market instrument that represents ownership in the company that
issues the shares to the public.
Select one:
True
False
Feedback
The correct answer is 'True'.
Question 3
Incorrect
Mark 0.00 out of 2.00
, Flag question
Question text
An expansionary phase of the business cycle indicates that production is decreasing in
the economy.
a.
True
b.
False
Feedback
The correct answer is: False
Question 4
Correct
Mark 2.00 out of 2.00
Flag question
Question text
When the rand appreciates against the dollar, cars imported from the USA will become
cheaper for South Africans.
a.
True
b.
False
Feedback
The correct answer is: True
Question 5
Incorrect
Mark 0.00 out of 2.00
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,Question text
The Gini coefficient for country X was 0,50 in 2010 but changed to 0,70 in 2016.
Which of the following statement/s is/are correct?
1. The income distribution in country X was more equal in 2010.
2. The Lorenz curve for country X shifted to the left from 2010 to 2016.
3. Inequality was higher in 2016.
4. The Lorenz curve for country X shifted to the right from 2010 to 2016.
a.
Only 2, 3 and 4 are correct.
b.
Only 1, 2 and 3 are correct.
c.
Only 1, 2 and 4 are correct.
d.
Only 1, 3 and 4 are correct.
Feedback
The correct answer is: Only 1, 3 and 4 are correct.
Question 6
Correct
Mark 2.00 out of 2.00
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Question text
The monetary system is the only form of exchange system.
Select one:
a.
False
b.
True
Feedback
The correct answer is: False
, Question 7
Incorrect
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Question text
The consumer price index (CPI) provides an indication of the change in the …
[1] nominal value of consumer goods and services produced.
[2] real value of consumer goods and services produced.
[3] prices of consumer goods and services.
Select one:
a.
only 1 and 2 are correct
b.
only 1 and 3 are correct
c.
1, 2 and 3 are correct
d.
only 3 is correct
Feedback
The correct answer is: only 3 is correct
Question 8
Correct
Mark 2.00 out of 2.00
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Question text
Water and electricity in urban areas are supplied to households by …
Select one:
a.
