ECS2603: South African Economic Indicators
EXAM PACK
2021 EXAM QUESTIONS AND RESPONSES
SPECIFIC FOR ASSIGNMENT 7
COVERS TOPIC 1 to 10
,COMPILED BY RALPH: +27680779615
Part 1 of 8 - 4.0 Points
Question 1 of 140.0 Points
Economic growth, full employment, price stability, balance of payments stability and an equitable
distribution of income are all macro-economic objectives. See chapter 1.2 of the textbook.
In your view, which of these objectives have been reached in South Africa? Click on your choice or
choices.
A. Economic growth
B. Full employment
C. Price stability
D. Balance of payments stability
E. Equitable distribution of income
F. None of the objectives
Answer Key:A, B, C, D, E, F
Feedback:
In my view it is only with regard to price stability that we have been fairly successful. Apart from price
stability, our economic performance was dismal. As we proceed with the course you will get a more
detailed picture of the measurement and of the performance of the South African economy.
Question 2 of 142.0 Points
In this course we will make use of a number of sources of economic data. See chapter 1.3 of the
textbook.
Which one of the following sources will provide you with data on employment and unemployment
based on household surveys?
A. SABC television news
B. Quarterly Labour Force Survey
C. Budget Review
D. SARB Quarterly Bulletin
Answer Key:B
Feedback:
It is the Quarterly Labour Force Survey
Question 3 of 142.0 Points
In this course we will make use of a number of sources of economic data. See chapter 1.3 of the
textbook.
Which one of the following sources will provide you with an extensive summary of recent economic
developments?
A. Quarterly Labour Force Survey
B. Budget Review
C. SABC television news
D. SARB Quarterly Bulletin
Answer Key:D
Feedback:
It is the SARB Quarterly Bulletin.
,COMPILED BY RALPH: +27680779615
Part 2 of 8 - Part 2 4.0 Points
Question 4 of 144.0 Points
An important skill you need to master in this course is to be able to find relevant data.
This activity teaches you how to find information in the Quarterly Labour Force Survey.for Quarter 1
June 2020.
See the attached document on how to find the information.
How many people, according to table A in the Quarterly Labour Force Survey (1st Quarter 2020), were
unemployed during the period Jan – March 2020?
How to access Quarterly Labour Force Survey.docx.pdf 122 KB
A. 6,201 million
B. None of the above
C. 7,07 million
D. 6,726 million
Answer Key:C
Part 3 of 8 - Part 4 4.0 Points
Question 5 of 144.0 Points
SARB Quarterly Bulletin instructions 01.pdf 199 KBClick to see additional instructions
An important skill you need to master in this course is to be able to find relevant data. This activity
teaches you how to find information in the SARB Quarterly Bulletin. The following question is based
on the Quarterly Bulletin – No 297 – September 2020.
What is the value in R millions of Expenditure on gross domestic product (including residual) (GDP at
market prices) (S- 113, KBP6006Y)at constant 2010 prices for 2019?
See the attached document for instructions on how to find this information.
R 3149337 million
Answer Key:3149337
Feedback:
It is R3 149 337 million. This is a measure of the size of the South African economy in 2019. Note that
this data is at constant 2010 prices.
Part 4 of 8 - Part 4 4.0 Points
Question 6 of 144.0 Points
Another useful tool to access data is the online statistical query tool of the SARB.
, COMPILED BY RALPH: +27680779615
Use the online statistical query tool of the SARB to obtain data for Expenditure on gross domestic
product (including residual) (GDP at market prices) at constant 2010 prices for the period 2005 to
2010.
See the attached document for instructions on how to find the data.
Expenditure on gross domestic product at constant 2010 prices ____ in 2010 compared to 2009.
How to use the online statistical query tool of the SARB.pdf 217 KB
A. declined
B. increased
C. stayed the same
Answer Key:B
Feedback:
It has increased. The expenditure on gross domestic product at constant 2010 prices increased from
R2 666 939 to R2 748 008.
Part 5 of 8 - Part 5 2.0 Points
Question 7 of 142.0 Points
Economic data should always be handled with care. See chapter 1.4 of the textbook for important
requirements and things to keep in mind. Which of the following symbols, units or numbers is written
incorrectly?
A. 10 kg
B. R105,50
C. 10 watt
D. R105.50
E. 2500640
F. R/kg
G. 0,13
H. 2 500 640
Answer Key:D, E
Feedback:R105.50 should be R105,50 and 2500640 written with spaces as 2 500 640.
Part 6 of 8 - Part 6 6.0 Points
Question 8 of 142.0 Points
In 2017 the size of the South African economy as measured by gross domestic product was $349,3
billion while that of Egypt was $273 billion.
If the South African economy grew at 2% and the Egyptian economy at 5% it follows that the
Egyptians, in economic terms, must be better off than South Africans in 2018.
True
False
Answer Key:False
Feedback:
The South African economy is still bigger at $356,3 billion compared with the Egyptian economy at
$249 billion.
EXAM PACK
2021 EXAM QUESTIONS AND RESPONSES
SPECIFIC FOR ASSIGNMENT 7
COVERS TOPIC 1 to 10
,COMPILED BY RALPH: +27680779615
Part 1 of 8 - 4.0 Points
Question 1 of 140.0 Points
Economic growth, full employment, price stability, balance of payments stability and an equitable
distribution of income are all macro-economic objectives. See chapter 1.2 of the textbook.
In your view, which of these objectives have been reached in South Africa? Click on your choice or
choices.
A. Economic growth
B. Full employment
C. Price stability
D. Balance of payments stability
E. Equitable distribution of income
F. None of the objectives
Answer Key:A, B, C, D, E, F
Feedback:
In my view it is only with regard to price stability that we have been fairly successful. Apart from price
stability, our economic performance was dismal. As we proceed with the course you will get a more
detailed picture of the measurement and of the performance of the South African economy.
Question 2 of 142.0 Points
In this course we will make use of a number of sources of economic data. See chapter 1.3 of the
textbook.
Which one of the following sources will provide you with data on employment and unemployment
based on household surveys?
A. SABC television news
B. Quarterly Labour Force Survey
C. Budget Review
D. SARB Quarterly Bulletin
Answer Key:B
Feedback:
It is the Quarterly Labour Force Survey
Question 3 of 142.0 Points
In this course we will make use of a number of sources of economic data. See chapter 1.3 of the
textbook.
Which one of the following sources will provide you with an extensive summary of recent economic
developments?
A. Quarterly Labour Force Survey
B. Budget Review
C. SABC television news
D. SARB Quarterly Bulletin
Answer Key:D
Feedback:
It is the SARB Quarterly Bulletin.
,COMPILED BY RALPH: +27680779615
Part 2 of 8 - Part 2 4.0 Points
Question 4 of 144.0 Points
An important skill you need to master in this course is to be able to find relevant data.
This activity teaches you how to find information in the Quarterly Labour Force Survey.for Quarter 1
June 2020.
See the attached document on how to find the information.
How many people, according to table A in the Quarterly Labour Force Survey (1st Quarter 2020), were
unemployed during the period Jan – March 2020?
How to access Quarterly Labour Force Survey.docx.pdf 122 KB
A. 6,201 million
B. None of the above
C. 7,07 million
D. 6,726 million
Answer Key:C
Part 3 of 8 - Part 4 4.0 Points
Question 5 of 144.0 Points
SARB Quarterly Bulletin instructions 01.pdf 199 KBClick to see additional instructions
An important skill you need to master in this course is to be able to find relevant data. This activity
teaches you how to find information in the SARB Quarterly Bulletin. The following question is based
on the Quarterly Bulletin – No 297 – September 2020.
What is the value in R millions of Expenditure on gross domestic product (including residual) (GDP at
market prices) (S- 113, KBP6006Y)at constant 2010 prices for 2019?
See the attached document for instructions on how to find this information.
R 3149337 million
Answer Key:3149337
Feedback:
It is R3 149 337 million. This is a measure of the size of the South African economy in 2019. Note that
this data is at constant 2010 prices.
Part 4 of 8 - Part 4 4.0 Points
Question 6 of 144.0 Points
Another useful tool to access data is the online statistical query tool of the SARB.
, COMPILED BY RALPH: +27680779615
Use the online statistical query tool of the SARB to obtain data for Expenditure on gross domestic
product (including residual) (GDP at market prices) at constant 2010 prices for the period 2005 to
2010.
See the attached document for instructions on how to find the data.
Expenditure on gross domestic product at constant 2010 prices ____ in 2010 compared to 2009.
How to use the online statistical query tool of the SARB.pdf 217 KB
A. declined
B. increased
C. stayed the same
Answer Key:B
Feedback:
It has increased. The expenditure on gross domestic product at constant 2010 prices increased from
R2 666 939 to R2 748 008.
Part 5 of 8 - Part 5 2.0 Points
Question 7 of 142.0 Points
Economic data should always be handled with care. See chapter 1.4 of the textbook for important
requirements and things to keep in mind. Which of the following symbols, units or numbers is written
incorrectly?
A. 10 kg
B. R105,50
C. 10 watt
D. R105.50
E. 2500640
F. R/kg
G. 0,13
H. 2 500 640
Answer Key:D, E
Feedback:R105.50 should be R105,50 and 2500640 written with spaces as 2 500 640.
Part 6 of 8 - Part 6 6.0 Points
Question 8 of 142.0 Points
In 2017 the size of the South African economy as measured by gross domestic product was $349,3
billion while that of Egypt was $273 billion.
If the South African economy grew at 2% and the Egyptian economy at 5% it follows that the
Egyptians, in economic terms, must be better off than South Africans in 2018.
True
False
Answer Key:False
Feedback:
The South African economy is still bigger at $356,3 billion compared with the Egyptian economy at
$249 billion.
