ECS1601 ASSIGNMENT 2 FOR 2025 - DUE 07 JULY 2025

IA




ECS1601 ASSIGNMENT 2 FOR 2025
FOR SEMESTER 1 2025




Started on Tuesday, 1 July 2025, 12:29 PM
State Finished
Completed on Tuesday, 1 July 2025, 12:45 PM
Time taken 15 mins 59 secs
Marks 19.00/20.00
Grade 95.00 out of 100.00




FEND TUTORIALS

, Question 1
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Question text
Which of the following is correct regarding the Balance of Payments (BOP)?
Select one:

a.
The BOP records all economic activities that take place within the borders of South Africa.

b.
A computer software import from China to Namibia, represents a negative item on the BOP of
China.

c.
An investment by a Chinese firm in the steelwork industry in South Africa is recorded as an inflow
of funds in the financial account on the BOP of South Africa.

d.
A capital inflow from Zimbabwe to South Africa is recorded in the current account.
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Question 2
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Question text
The gross domestic product at constant prices is officially measured by adding together the …
Select one:

a.
quantity of goods and services produced within the borders of a nation by domestic companies

b.
current value of all goods and services sold within the boundaries of a nation.

c.
market value of all final goods and services produced within the borders of a nation.

d.
quantity of each good and service produced by the country’s residents.