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ECS1601-25-Y_ASS3
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According to the classical cash reserve system, which of the following statements is/are true regarding banks in South Africa?
(a) They are required to hold a minimum cash reserve of 2,5% of their deposits.
(b) The level of the repo rate influences the interest rate at which the banks provide credit to individuals.
(c) The SARB provides cash reserves through accommodation policy to the banks experiencing liquidity shortage.
Use the following:
| GDP (Nominal, Billions) | Population (Thousands) | ||
|---|---|---|---|
| 2019 | 3 000 | 2019 | 57 000 |
| 2020 | 3 200 | 2020 | 50 8000 |
What is the growth rate in GDP per Capita from 2019 to 2020? Round to two decimals.
Suppose 26 543 109 people are in the labour force, 8 234 567 in public sector and 13 876 542 in private sector. What is the unemployment rate? Round to two decimals.
Suppose 25 543 210 people are in the labour force, 8 190 345 are employed in the public sector and 14 256 789 in the private sector. How many people are unemployed?
which factor does not directly affect the calculated real growth rate?
Which of the following can cause demand-pull inflation?
[1] A decrease in interest rates which leads to an increase in consumption and investment spending.
[2] An increase in government spending on social wealth and education.
[3] A rise in the cost of import intermediate goods due to a depreciation of the domestic currency.