ESC2603 ASSIGNMENT 5

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 Lesson 1: Orientation and introduction
 Lesson 2: Total production, income and expenditure
 Lesson 3: Economic growth
 Lesson 4: Business cycles
 Lesson 5: Employment and unemployment
 Lesson 6: Inflation
 Lesson 7: International transactions
 Lesson 8: Wages, productivity and income distribution
 Lesson 9: Financial indicators
 Lesson 10: Fiscal indicators
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Online Assessment

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2 Assignment 02 Section C 2021
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Part 1 of 7 - Part1 3.0 Points
Deals with definitions and concepts for Lesson 2: National accounts

Question 1 of 33
3.0 Points
The following table provides the annual % change in real GDP and real GNI for selected
years for South Africa:




Which one of the following statements is correct?






A.
The reason for the discrepancy in 1973 between the annual % change in real GDP
and real GNI might be due to a deterioration in the terms of trade.



B.
The reason for the discrepancy in 1981 between the annual % change in real GDP
and real GNI might be due to a improvement in the terms of trade.



C.

, The reason for the discrepancy in 1981 between the annual % change in real GDP
and real GNI might be due to a deterioration in the terms of trade.




Answer Key:C

Feedback:
In 1981 the terms of trade deteriorate by -16,1% and consequently real GDP overestimate
growth.

Part 2 of 7 - Part 32 6.0 Points

Question 2 of 33
6.0 Points
Use the online statistical tool of the South African Reserve Bank to complete the following
table:




Which 4 of the following statements are correct?



A.
In 2018 GDP per capita declined by R335.


B.
In 2016 South Africans produced more good and services per person than in 2019.


C.
In 2017 GNI per capita increased with more than GDP per capita.


D.

, From the data it is clear that while GDP per capita declined GNI per capita
increased.


E.
The GDP per capita and the GNI per capita were the highest in 2018.


F.
In 2019 South Africans were better off than in 2016.


G.
The biggest percentage decline in GDP per capita and GNI per capita were in 2020.


H.
The data indicates that the increase in GDP was sufficient enough to bring about
an increase in the economic welfare of South Africans for the period 2015 to 2020.


Answer Key:A, B, C, G

Part 3 of 7 - Part 33 12.0 Points
The following questions are based on the Quarterly Bulletin – No 299 – March 2021 of the
South African Reserve Bank dealing with Expenditure on gross domestic product at constant
2020 prices (S-115).

Question 3 of 33
2.0 Points

Click to see additional instructions
For how many years were the annual percentage change for gross capital formation
negative? 4

Answer Key:4

Feedback:It was for 3 years (2016, 2018, 2019, 2020)I

Question 4 of 33
2.0 Points

Click to see additional instructions
In which year was the percentage change in final consumption expenditure by households
negative? 0,5

Answer Key:2020