2025 – S1 - ECS2603 – ASSESSMENT 6 – Q&A
Assessment 6
Started on Friday, 16 May 2025
State Finished
Completed Friday, 16 May 2025,
on
Time taken 59 mins 48 secs
Marks 50.00/50.00
Grade 100.00 out of 100.00
Feedback You did not pass this assessment. Please revise the feedback
for the questions you answered incorrectly carefully, making
sure you will not make a similar mistake again. Also revise the
study material for Learning Unit 11.
If this was your first attempt and you wish to improve your
mark, you can resubmit again. The highest mark of the two
attempts will count towards your credits to determine your
semester mark.
Question 1
The question is based on the following information:
Item R
million
Total government revenue 510
Total government expenditure 528
Current government revenue 490
Current government expenditure 520
Non-interest expenditure 500
1
,2025 – S1 - ECS2603 – ASSESSMENT 6 – Q&A
Cyclically adjusted revenue 480
Cyclically adjusted expenditure 500
The conventional budget balance is R____million.
If the balance is negative indicate it using the minus sign in your answer for instance
-32
Answer: - 18
Feedback
The conventional budget balance is total government revenue minus total
government expenditure.
The correct answer is: -18
Question 2
Universities and universities of technology are part of central government.
True
False
Feedback
Your answer is incorrect.
This statement is true. Universities and universities of technology form part of the
central government.
The correct answer is: True
Question 3
The following question is based on information in the Public Finance Section of the
SARB Quarterly Bulletin, December 2024: of the South African Reserve Bank. You
can find this in the Resources for Assessment 6 folder.
Fill the indicated gaps in the following table:
2
,2025 – S1 - ECS2603 – ASSESSMENT 6 – Q&A
(One decimal point for the percentage calculations even if the decimal point is
zero. For instance write 33.0 instead of 33)
Feedback
The information on the totals for the different types of taxes can be found on pages
s-52 and S-53 of the SARB Quarterly Bulletin, December 2024.
The total government revenue for each year (4595M) is also shown in this table
(4595M) and are used to calculate the percentage that each type of tax form of total
government revenue. E.g. the tax revenue as percentage of total tax revenue is
calculated as follows: Total tax revenue / Total government revenue x 100. In a
similar fashion, each of the percentages can be calculated.
3
, 2025 – S1 - ECS2603 – ASSESSMENT 6 – Q&A
Question 4
The questions are based on Gross fixed capital formation in the National Accounts
section of the SARB Quarterly Bulletin, December 2024. You can find this in
the Resources for Assessment 6 folder.
(i) Investment (fixed capital formation) by general government in real terms was
RAnswer
4
Assessment 6
Started on Friday, 16 May 2025
State Finished
Completed Friday, 16 May 2025,
on
Time taken 59 mins 48 secs
Marks 50.00/50.00
Grade 100.00 out of 100.00
Feedback You did not pass this assessment. Please revise the feedback
for the questions you answered incorrectly carefully, making
sure you will not make a similar mistake again. Also revise the
study material for Learning Unit 11.
If this was your first attempt and you wish to improve your
mark, you can resubmit again. The highest mark of the two
attempts will count towards your credits to determine your
semester mark.
Question 1
The question is based on the following information:
Item R
million
Total government revenue 510
Total government expenditure 528
Current government revenue 490
Current government expenditure 520
Non-interest expenditure 500
1
,2025 – S1 - ECS2603 – ASSESSMENT 6 – Q&A
Cyclically adjusted revenue 480
Cyclically adjusted expenditure 500
The conventional budget balance is R____million.
If the balance is negative indicate it using the minus sign in your answer for instance
-32
Answer: - 18
Feedback
The conventional budget balance is total government revenue minus total
government expenditure.
The correct answer is: -18
Question 2
Universities and universities of technology are part of central government.
True
False
Feedback
Your answer is incorrect.
This statement is true. Universities and universities of technology form part of the
central government.
The correct answer is: True
Question 3
The following question is based on information in the Public Finance Section of the
SARB Quarterly Bulletin, December 2024: of the South African Reserve Bank. You
can find this in the Resources for Assessment 6 folder.
Fill the indicated gaps in the following table:
2
,2025 – S1 - ECS2603 – ASSESSMENT 6 – Q&A
(One decimal point for the percentage calculations even if the decimal point is
zero. For instance write 33.0 instead of 33)
Feedback
The information on the totals for the different types of taxes can be found on pages
s-52 and S-53 of the SARB Quarterly Bulletin, December 2024.
The total government revenue for each year (4595M) is also shown in this table
(4595M) and are used to calculate the percentage that each type of tax form of total
government revenue. E.g. the tax revenue as percentage of total tax revenue is
calculated as follows: Total tax revenue / Total government revenue x 100. In a
similar fashion, each of the percentages can be calculated.
3
, 2025 – S1 - ECS2603 – ASSESSMENT 6 – Q&A
Question 4
The questions are based on Gross fixed capital formation in the National Accounts
section of the SARB Quarterly Bulletin, December 2024. You can find this in
the Resources for Assessment 6 folder.
(i) Investment (fixed capital formation) by general government in real terms was
RAnswer
4
