Exam (elaborations) Introduction to Economics - ECS1500 (ECS1500)

ECS1500 Assessment 4


Opened: Monday, 9 June 2025, 8:00 AM
Closes: Wednesday, 23 July 2025, 11:00 PM




PASS WITH DISTINCTIONS. FORTIS PASSUM

FOR FURTHER ASSISTANCE WITH ECONOMICS, MANAGEMENT, ACCOUNTING,
TAXATION EDUCATION@ LLB MODULES.




CALL/WHATSAAP 0816884518/0816884519

EMAIL:



, 1. ECS1500-25-Y
2. Welcome Message
3. Assessment 4



Quiz

Assessment 4
Open course index
Open block drawer
Started on Wednesday, 25 June 2025, 5:15 PM
State Finished
Completed on Wednesday, 25 June 2025, 6:16 PM
Time taken 1 hour 1 min
Marks 38.00/40.00
Grade 95.00 out of 100.00
Feedback Excellent work! You seem to understand the content of Learning Units 6 and 7 well. P
Note that you are allowed to submit 3 attempts for this assessment and that the marks f




Question 1
Correct
Mark 2.00 out of 2.00

Flag question

, Question text
The question is based on the following table, which shows the production process of bottled honey
and the amount received by each participant in the production and supply process:




Which of the following statements is correct:
Select one:

a.
The total value added to GDP by this production process is equal to R42 000.


b.
The total value added to GDP by this production process is equal to R12 000.


c.
The total value added to GDP by this production process is equal to R7 000.


d.
The total value added to GDP by the company that pasteurises and bottles the honey is R9 000.


e.
The total value added to GDP by the retail shop is R12 000.
Feedback
Your answer is correct.
In the following table we show the value added by each participant in the production process: