ECS2603 South African Economic Indicators

ECS2603 EXAM PACK 2023 WITH WELL ELABORATE ANSWERS

STUDY UNIT 1 – INTRODUCTION LEARNING OUTCOMES: i. Have a general notion of what economic indicators are all about ii. Know the main criteria for assessing the performance of the economy iii. Be aware of some of the main source of economic data iv. Be aware of some of the pitfalls in manipulating and interpreting economic data 1.1. ECONOMIC INDICATORS LO1: Have a general notion of what economic indicators are all about Economic Indicator  It refers to a statistic (data) that shows t...

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ECS2603 - ASSIGNMENT 03

ECS2603 Assignment 6 (QUIZ) Semester 1 2023 ECS2603 Assignment 6 (QUIZ) Semester 1 2023 ECS2603 Assignment 6 (QUIZ) Semester 1 2023

ECS2603 Assignment 3 Semester 1 2022 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 .

SUGGESTED SOLUTIONS FOR 2015 MAY/JUNE Question A1 Gross domestic expenditure Plus exports of goods and services Less imports of goods and services Equals Expenditure on gross domestic product (GDP @ market prices) The diifference between basic prices, factor cost and market prices can be ascribed to:  These three sets of prices that can be used to calculate GDP.  However market price are used to calculate GDP according to the expenditure method while basic prices are used when pro...