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ECS1601 ASSESSMENT 6 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS
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THIS DOCUMENT CONTAINS ECS1601 ASSESSMENT 6 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS. USE IT AS A GUIDE TO SCORE ABOVE 75%
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OSCAR THE TUTORoscardiura@gmail.com UNISA 2024 ECS1601-24-Y Online assessments Assessment 6
+27737560989
QUIZ
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA tutorials
Question 18
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The costs of unemployment …
Select one:
a. can be eliminated completely by the availability of unemployment benefits and other social welfare programmes.
b. include loss of confidence and self-esteem.
c. in South Africa excludes loss of income and hunger.
d. affect the individuals who are unemployed only.
Question 19
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The upward phase of a business cycle is known as a…
Select one:
a. downswing.
b. peak.
c. recession.
d. boom.
,Question 20
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Which one of the following is an example of a factor that can encourage economic growth through boosting aggregate
demand?
Select one:
a. Importing capital goods to explore and extract natural resources such as gold
b. Discovering new deposits of natural resources
c. The growth of the labour force
d. Increasing exports of natural resources like gold and platinum
OSCAR THE TUTOR
oscardiura@gmail.com
+27737560989
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA tutorials
, UNISA 2024 ECS1601-24-Y Online assessments Assessment 6
QUIZ
Question 16
Not yet answered
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Suppose 25 000 000 people are in the labour force, 8 000 000 people are employed in the public sector and 5 000 000 people
are employed in the private sector. How many people are unemployed?
Answer: 12 000 000
25 000 000-8000000-5000000
Question 17
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Suppose 60 000 000 people are in the labour force, 23 000 000 people are employed in the public sector and 20 000 000
people are employed in the private sector. What is the unemployment rate? round to two decimals
Answer: 28.33%
(60-23-20)/60
, UNISA 2024 ECS1601-24-Y Online assessments Assessment 6
QUIZ
Question 14
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Which of the following statements regarding economic growth is correct?
a. If nominal GDP in Swaziland increased by 5% between 2015 and 2016, it can be said that the country has
undoubtedly experienced economic growth during this period.
b. Real GDP is obtained by adjusting GDP at current prices for inflation.
c. GDP per capita is calculated by multiplying nominal GDP by the population size.
d. GDP is an accurate indicator of economic welfare.
Question 15
Not yet answered
Marked out of 1.00
Which one of the following is not a supply factor in economic growth?
a. Labour supply
b. Equipment
c. Exports
d. Technology
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