THE BMZ ACADEMY
THE BMZ ACADEMY
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 187
, THE BMZ ACADEMY
IMPORTANT NOTES TO CONSIDER
THIS IS ONLY A FRAMEWORK, NO ONE SHOULD SUBMIT IT FOR FINAL
ASSESSMENT.
STUDENTS SHOULD COMPLETE THEIR OWN ASSIGNMENT, BUT KEEP IN MIND
THE RULES/INSTRUCTIONS
AS A TIP, IF YOU FIND THIS GUIDE USEFUL, YOU CAN CALL/WHATASPP US IF
YOU WANT A UNIQUE AND CUSTOMISED SOLUTION, SOMETHING THAT WE
GIVE YOU ALONE AND NOT SHARED WITH OTHER PEOPLE NOR SOLD ON
STUVIA AND OTHER ONLINE SITES
********************************************************************************************
AT BMZ Academy, WE WISH YOU THE BEST IN ALL YOUR STUDIES.
WE ARE YOUR MATES TO PASSING EXCELLENTLY IN ALL YOUR STUDIES.
DO NOT FORGET TO REACH OUT TO US FOR ANY FURTHER AND OTHER
ASSISTANCE!
GOOD LUCKY
BMZ ACADEMY 061 262 1185/068 053 8213
, THE BMZ ACADEMY
Table of Contents
Question 13...................................................................................................................................... 50
Question 1 Which AD-AS movement is consistent with wage-driven inflation?...................................... 162
Question 2 The question above refers. Please provide a justification for your answer. .......................... 163
Question 3 A lender receives 5% interest on a one-year loan while inflation over the year is 6%. What
happens to the real value of the repayment? .......................................................................................... 163
Question 4 The question above refers. Please provide a justification for your answer. .......................... 164
Question 5 If imported fuel and transport costs rise sharply, the most suitable response in an economy
with high unemployment would be to... .................................................................................................. 164
Question 6 The question above refers. Please provide a justification for your answer. .......................... 164
Question 7 Which one of the following is an example of inflation?......................................................... 165
Question 8 The question above refers. Please provide a justification for your answer. .......................... 166
Question 9 Which statement best distinguishes the consumer price index (CPI) from the producer price
index (PPI)? ............................................................................................................................................... 166
Question 10 The question above refers. Please provide a justification for your answer......................... 167
Question 11 Which factor is most likely to place upward pressure on firms’ production costs and
contribute to cost-push inflation? ............................................................................................................ 168
Question 12 The question above refers. Please provide a justification for your answer......................... 168
Question 13 Which one of the following will increase the unemployment pool? ................................... 169
Question 14 The question above refers. Please provide a justification for your answer......................... 169
Question 15 Thomas was laid off from his job because of the recession. He is------------ unemployed. Kat
works at a grape farm near Cape Town, but only for three months of the year. For the rest of the year,
she is --------------unemployed. .................................................................................................................. 170
Question 16 The question above refers. Please provide a justification for your answer......................... 170
Question 17 In 2008, South Africa experienced higher job losses in the mining industry, resulting from
insufficient demand for mining commodities. This is an example of... .................................................... 171
Question 18 The question above refers. Please provide a justification for your answer......................... 171
Question 19 Increased unemployment benefits and less incentive to work can be illustrated by.......... 172
Question 20 The question above refers. Please provide a justification for your answer......................... 172
BMZ ACADEMY 061 262 1185/068 053 8213
, THE BMZ ACADEMY
Question 21 Susan studied nursing. After she graduated, she applied for a position. However, there were
only numerous vacancies for doctors. She is still unemployed. What type of unemployment is Susan
experiencing? ............................................................................................................................................ 173
Question 22 The question above refers. Please provide a justification for your answer......................... 173
Question 23 If workers in clothing shops are retrenched because of a recession, what do you call this
type of unemployment? ........................................................................................................................... 174
Question 24 The question above refers. Please provide a justification for your answer......................... 174
Question 25 Which of the following is the cost of unemployment? ........................................................ 175
Question 26 The question above refers. Please provide a justification for your answer......................... 175
Question 27 Reasons on the supply-side of the labour market for increased unemployment in South
Africa could include? ................................................................................................................................. 176
Question 28 The question above refers. Please provide a justification for your answer......................... 176
Question 29 To enter the pool of unemployment, a person must be----------- ........................................ 177
Question 30 The question above refers. Please provide a justification for your answer......................... 177
Question 31 The traditional Phillips curves shows that ... ........................................................................ 178
Question 32 The question above refers. Please provide a justification for your answer......................... 178
Question 33 Which one of the following is not a supply factor in economic growth? ............................ 179
Question 34 The question above refers. Please provide a justification for your answer......................... 179
Question 35 Which one of the following implies an improvement in the economic wellbeing of the
people of a country? ................................................................................................................................. 179
Question 36 The question above refers. Please provide a justification for your answer......................... 180
Question 37 Use the following information to answer the question: ...................................................... 181
Question 38 Suppose Ghana’s population comprise 18,000,000 employed, 8,000,000 students,
5,000,000 home-makers, 7,000,000 not economically active, 13,000,000 people who are unemployed,
and 40,000,000 people who are not in the age category 15 to 65 years. What does Ghana’s labour force
population equal? ..................................................................................................................................... 181
Question 39 Use the following information to answer the question: ...................................................... 182
Question 40 Suppose 25,000,000 people are in the labour force, 8,000,000 people are employed in the
public sector and 5,000,000 people are employed in the private sector. How many people are
unemployed? ............................................................................................................................................ 182
Question 41 Suppose 60,000,000 people are in the labour force, 23,000,000 people are employed in the
public sector and 20,000,000 people are employed in the private sector. What is the unemployment
rate? Round to two decimals. ................................................................................................................... 183
Question 42 In the business cycle, the opposite of a peak is a/an ... ....................................................... 183
BMZ ACADEMY 061 262 1185/068 053 8213
THE BMZ ACADEMY
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 187
, THE BMZ ACADEMY
IMPORTANT NOTES TO CONSIDER
THIS IS ONLY A FRAMEWORK, NO ONE SHOULD SUBMIT IT FOR FINAL
ASSESSMENT.
STUDENTS SHOULD COMPLETE THEIR OWN ASSIGNMENT, BUT KEEP IN MIND
THE RULES/INSTRUCTIONS
AS A TIP, IF YOU FIND THIS GUIDE USEFUL, YOU CAN CALL/WHATASPP US IF
YOU WANT A UNIQUE AND CUSTOMISED SOLUTION, SOMETHING THAT WE
GIVE YOU ALONE AND NOT SHARED WITH OTHER PEOPLE NOR SOLD ON
STUVIA AND OTHER ONLINE SITES
********************************************************************************************
AT BMZ Academy, WE WISH YOU THE BEST IN ALL YOUR STUDIES.
WE ARE YOUR MATES TO PASSING EXCELLENTLY IN ALL YOUR STUDIES.
DO NOT FORGET TO REACH OUT TO US FOR ANY FURTHER AND OTHER
ASSISTANCE!
GOOD LUCKY
BMZ ACADEMY 061 262 1185/068 053 8213
, THE BMZ ACADEMY
Table of Contents
Question 13...................................................................................................................................... 50
Question 1 Which AD-AS movement is consistent with wage-driven inflation?...................................... 162
Question 2 The question above refers. Please provide a justification for your answer. .......................... 163
Question 3 A lender receives 5% interest on a one-year loan while inflation over the year is 6%. What
happens to the real value of the repayment? .......................................................................................... 163
Question 4 The question above refers. Please provide a justification for your answer. .......................... 164
Question 5 If imported fuel and transport costs rise sharply, the most suitable response in an economy
with high unemployment would be to... .................................................................................................. 164
Question 6 The question above refers. Please provide a justification for your answer. .......................... 164
Question 7 Which one of the following is an example of inflation?......................................................... 165
Question 8 The question above refers. Please provide a justification for your answer. .......................... 166
Question 9 Which statement best distinguishes the consumer price index (CPI) from the producer price
index (PPI)? ............................................................................................................................................... 166
Question 10 The question above refers. Please provide a justification for your answer......................... 167
Question 11 Which factor is most likely to place upward pressure on firms’ production costs and
contribute to cost-push inflation? ............................................................................................................ 168
Question 12 The question above refers. Please provide a justification for your answer......................... 168
Question 13 Which one of the following will increase the unemployment pool? ................................... 169
Question 14 The question above refers. Please provide a justification for your answer......................... 169
Question 15 Thomas was laid off from his job because of the recession. He is------------ unemployed. Kat
works at a grape farm near Cape Town, but only for three months of the year. For the rest of the year,
she is --------------unemployed. .................................................................................................................. 170
Question 16 The question above refers. Please provide a justification for your answer......................... 170
Question 17 In 2008, South Africa experienced higher job losses in the mining industry, resulting from
insufficient demand for mining commodities. This is an example of... .................................................... 171
Question 18 The question above refers. Please provide a justification for your answer......................... 171
Question 19 Increased unemployment benefits and less incentive to work can be illustrated by.......... 172
Question 20 The question above refers. Please provide a justification for your answer......................... 172
BMZ ACADEMY 061 262 1185/068 053 8213
, THE BMZ ACADEMY
Question 21 Susan studied nursing. After she graduated, she applied for a position. However, there were
only numerous vacancies for doctors. She is still unemployed. What type of unemployment is Susan
experiencing? ............................................................................................................................................ 173
Question 22 The question above refers. Please provide a justification for your answer......................... 173
Question 23 If workers in clothing shops are retrenched because of a recession, what do you call this
type of unemployment? ........................................................................................................................... 174
Question 24 The question above refers. Please provide a justification for your answer......................... 174
Question 25 Which of the following is the cost of unemployment? ........................................................ 175
Question 26 The question above refers. Please provide a justification for your answer......................... 175
Question 27 Reasons on the supply-side of the labour market for increased unemployment in South
Africa could include? ................................................................................................................................. 176
Question 28 The question above refers. Please provide a justification for your answer......................... 176
Question 29 To enter the pool of unemployment, a person must be----------- ........................................ 177
Question 30 The question above refers. Please provide a justification for your answer......................... 177
Question 31 The traditional Phillips curves shows that ... ........................................................................ 178
Question 32 The question above refers. Please provide a justification for your answer......................... 178
Question 33 Which one of the following is not a supply factor in economic growth? ............................ 179
Question 34 The question above refers. Please provide a justification for your answer......................... 179
Question 35 Which one of the following implies an improvement in the economic wellbeing of the
people of a country? ................................................................................................................................. 179
Question 36 The question above refers. Please provide a justification for your answer......................... 180
Question 37 Use the following information to answer the question: ...................................................... 181
Question 38 Suppose Ghana’s population comprise 18,000,000 employed, 8,000,000 students,
5,000,000 home-makers, 7,000,000 not economically active, 13,000,000 people who are unemployed,
and 40,000,000 people who are not in the age category 15 to 65 years. What does Ghana’s labour force
population equal? ..................................................................................................................................... 181
Question 39 Use the following information to answer the question: ...................................................... 182
Question 40 Suppose 25,000,000 people are in the labour force, 8,000,000 people are employed in the
public sector and 5,000,000 people are employed in the private sector. How many people are
unemployed? ............................................................................................................................................ 182
Question 41 Suppose 60,000,000 people are in the labour force, 23,000,000 people are employed in the
public sector and 20,000,000 people are employed in the private sector. What is the unemployment
rate? Round to two decimals. ................................................................................................................... 183
Question 42 In the business cycle, the opposite of a peak is a/an ... ....................................................... 183
BMZ ACADEMY 061 262 1185/068 053 8213
