ECS2603 South African Economic Indicators

University of South Africa

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Exam (elaborations)

ECS2603 Exam Pack.
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14

November 2021

2021/2022

A+
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...
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Summary

ECS2603-notes summary.
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31

November 2021

2021/2022
ECS2603 CHAPTER 1 1.1 ECONOMIC INDICATORS. Economic indicators only indicate something if compared to something else. Reasons for monitoring indicators:  To expand business and explore new markets  Asses general performance of the economy  Effectiveness of economic policy  Compare economic policies between countries.  Make economic forecasts  Speculators monitor to decide whether to buy or sell socks. ‘Pure’ economic indicator terms:  Gross Domestic Products ...
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ECS2603 South African Economic Indicators

University of South Africa

ECS2603 Exam Pack.

ECS2603-notes summary.