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Exam (elaborations)

ECS1601 ASSESSMENT 7 sem 2 of 2022 EXPECTED QUESTIONS AND ANSWERS

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THIS DOCUMENT CONTAINS EXPECTED QUESTIONS AND ANSWERS FOR ECS1601 ASSESSMENT ASSESSMENT 7, USING IT CORRECTLY FOR COMPARISON AND RESEARCH PURPOSES WILL HELP YOU SCORE ABOVE 75%










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Uploaded on
June 1, 2022
File latest updated on
November 17, 2022
Number of pages
266
Written in
2021/2022
Type
Exam (elaborations)
Contains
Questions & answers

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Started on Wednesday, 16 November 2022, 10:32 PM
State Finished
Completed on Wednesday, 16 November 2022, 10:54 PM
Time taken 21 mins 59 secs
Marks 25.00/30.00
Grade 83.33 out of 100.00


Question 1
Correct
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In the Keynesian model including the government and foreign sectors, imports are dependent on …


Select one:
a. investment.
b. exchange rates.
c. interest rates.
d. domestic income.




Question 2
Correct

Mark 1.00 out of 1.00




Suppose South Africa does not export nor import, but there is a government sector. Therefore, South Africa’s total spending formula can be
written as…


Select one:
a. A=C+I+G.
b. A=C+I+G+X+Z.
c. A=C+I.
d. A=C+I+G+X-Z.




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, Question 3
Incorrect

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The question is based on the following information.
Given autonomous consumption of R300, marginal propensity to consume of ¾, and level of income of R1000.


What is the amount of total saving is


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Question 4
Correct

Mark 1.00 out of 1.00




Which of the following is correct about an increase in interest rate in the Keynesian model?


Select one:
a. increase investment
b. decrease investment
c. increase price levels
d. decrease price levels
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