ECS2602
ASSIGNMENT 3 2026
DUE: APRIL 2026
SEMESTER 1 2026
, ECS2602 ASSIGNMENT 3 2026
DUE APRIL 2026
https://youtu.be/icsWlQfliGo
When you answer the questions, please use the EXACT words that the presenter
uses.
Question 1: (2 marks)
In the online lesson, Dr. Kennedy-Palmer uses a simple example to ensure students do
not confuse the concepts of constant inflation and rising or falling inflation.
Complete the following questions.
Assume the inflation rate remains 10%.
(a) What is the price of our basket going to be in year three? R121
(b) What is the price of our basket going to be in year four? R133. 10
ASSIGNMENT 3 2026
DUE: APRIL 2026
SEMESTER 1 2026
, ECS2602 ASSIGNMENT 3 2026
DUE APRIL 2026
https://youtu.be/icsWlQfliGo
When you answer the questions, please use the EXACT words that the presenter
uses.
Question 1: (2 marks)
In the online lesson, Dr. Kennedy-Palmer uses a simple example to ensure students do
not confuse the concepts of constant inflation and rising or falling inflation.
Complete the following questions.
Assume the inflation rate remains 10%.
(a) What is the price of our basket going to be in year three? R121
(b) What is the price of our basket going to be in year four? R133. 10