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ECS1601-26-Y

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Match the household decision in column A with its effect on the circular flow in column B.
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The following table shows the number of units of different products sold

by two local small businesses in the Tshwane Market on two different market

days.

Product

Koos’ butchery

(27 April 2025)

Thandi’s crafts

(27 April 2025)

Koos’ butchery

(18 May 2025)

Thandi’s crafts

 (18 May

2025)

Beef sausages

85

-

110

-

Chicken portions

120

-

95

-

Wooden carvings

-

45

-

60

Beaded jewellery

-

70

-

55

Total items sold

205

115

205

115

 

Based on the information in the table above, w

hat percentage of the items sold by Koos’ butchery on 27 April 2025

were beef sausages? [Answer with a number only, rounded to one decimal place. Use a dot (.) as the decimal separator, not a comma (,)]

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Assign each economic phenomenon to the correct field of economics.
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The following table shows the monthly salary of Bheki and Charly for

2023 and 2024:

 

Name

2023

2024

Bheki

R12 000

R15 000

Charly

R30 000

R33 000

 

 

 

Based on the information in the table above, please indicate whether the

following statement is true or false:

Bheki’s monthly salary increased by a larger amount than Charly’s salary.

0%
100%
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Match the foreign sector activity in column A with its effect on the circular flow in column B.
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Eskom Holdings is a South African state-owned electricity supply company that has been borrowing funds from the National Treasury to service its debts. Which statement(s) regarding its impact on the South African economy is/are correct?

(a) Eskom is more efficient as a public utility than it would be as a private utility.

(b) Full privatisation of Eskom would result in a non-equitable distribution of electricity in South Africa.

(c) Less public finances for economic development are left over when Eskom receives bailouts from the National Treasury.

(d) State-owned entities are more likely to serve public interests than the private-sector entities.
0%
0%
0%
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Mahikeng Local Municipality has been noted for its challenges with basic service delivery, including poor road maintenance. To overcome these challenges, … needs to be addressed for effective ... implementation.
0%
0%
0%
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The following table shows the approximate average monthly crude oil production in Nigeria (in million barrels per month – mbpm) and the corresponding average monthly exchange rate of the Nigerian naira to the US dollar (NGN/USD) between June 2024 and January 2025.

Date

June 2024

Jul 2024

Aug 2024

Sep 2024

Oct 2024

Nov 2024

Dec 2024

Jan 2025

Crude oil produced and exported (million)

1,369

1,307

1,438

1,392

1,403

1,497

1,525

1,495

USD/NGN – price of 1 US dollar in Nigerian naira

1,325

1,360

1,490

1,343

1,418

1,470

1,534       

1,480

 

Based on the information in the table above, do you think there is a particular direction of causality between the average crude oil production and the exchange rate of the Nigerian naira to the US dollar? Answer [YesNo, or Inconclusive]

 

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 ... reflects money as a store of value and not just a medium of exchange.
0%
0%
0%
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If the government decided to increase value-added tax (VAT) from 15% to 16%, what impact would this have on consumers?
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