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ECS1601 ASSIGNMENT 3 FOR 2024

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Institution University Of South Africa (Unisa)
Course Economics IB (ECS1601)
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ECS1601
ASSIGNMENT 3 FOR 2024




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, Started on Wednesday, 7 August 2024, 11:05 AM
State Finished
Completed on Wednesday, 7 August 2024, 11:20 AM
Time taken 15 mins 37 secs
Marks 11.00/18.00
Grade 61.11 out of 100.00

Question 1
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Question text
If the newspaper reports that “the construction sector was responsible for 1,2% of the GDP growth”, then
this implies that the GDP has been measured according to the


a.
expenditure method.

b.
production method.

c.
income method.

d.
nominal prices method.
Clear my choice

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The question is based on the information in the table below:




Whatsapp Marlvin @ +2763 173 8181

,The growth rate in real GDP between 2018 and 2019 was _____.


a.
3,71%

b.
4,18%

c.
4,73%

d.
4,23%
Clear my choice

Question 3
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The question is based on the information
below:




Whatsapp Marlvin @ +2763 173 8181

, Source: World Bank, World Development Indicators (2019)
The distance between the diagonal and the Lorenz Curve is called the _______________


a.
area of inequality

b.
Gini index

c.
perfectly equal distribution

d.
cumulative percentage of income



Whatsapp Marlvin @ +2763 173 8181

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