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ECS2602 assignment 1 semester 2 2024 (Quiz)
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ECS2602 ASSIGNMENT 1 SEMESTER 2 2024Unique Number: 635127
DUE DATE: 22 AUGUST 2024
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Question 1
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Question text
Which one of the following statements is INCORRECT?
Select one:
A.
If the tax revenue of the government is larger than government spending, a budget surplus exists.
B.
The main fiscal policy variables are government spending and taxation.
C.
The main instrument of fiscal policy is the budget.
D.
Expansionary fiscal policy decreases the budget deficit.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is”
without any representations or warranties, express or implied. The author assumes no liability as
a result of reliance and use of the contents of this document. This document is to be used for
comparison, research and reference purposes ONLY. No part of this document may be
reproduced, resold or transmitted in any form or by any means.
, 0688120934
Question 2
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Question text
Which one of the following statements is correct?
Select one:
A.
An increase in taxes implies the implementation of expansionary fiscal policy.
B.
The main policy variable of monetary policy is the interest rate.
C.
Inflation targeting is an example of a stabilisation policy.
D.
A contractionary monetary policy implies a decrease in the interest rate to increase the money
supply.
Question 3
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Question text
This question is based on the following data for the country GOOD HOPE for 2019.
Marginal propensity to consume = 0.2
Total autonomous spending = R1 000 million
Government spending = R440 million
Government revenue = R500 million
Which one of the following statements is INCORRECT?
Select one:
A.
The value of the multiplier is equal to 1,25.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is”
without any representations or warranties, express or implied. The author assumes no liability as
a result of reliance and use of the contents of this document. This document is to be used for
comparison, research and reference purposes ONLY. No part of this document may be
reproduced, resold or transmitted in any form or by any means.
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