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ECS1601-25-Y_ASS3
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When the South African Reserve Bank (SARB) decreases the interest rates, investment spending will increase, which will lead to an increase in aggregate spending and aggregate demand in the economy. This chain of events is called …
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In 2020, the SARB’s monetary policy committee decided to decrease the repo rate by 1%. As a result, investment spending financed by borrowing increased which led to an increase in the aggregate spending, stimulating aggregate demand and increased price level in the economy. The relationship described above is referred to as …
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Given the AD-AS model, if the national incomes of the major trading partners of South Africa (SA) were to rise, SA's ...
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The monetary transmission mechanism …
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Economic growth is calculated by …
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Which of the following statements regarding economic growth is correct?
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Use the following:
| GDP (Nominal, Billion) | Population (Thousands) | ||
|---|---|---|---|
| 2019 | 3 200 | 2019 | 56 000 |
| 2020 | 3 400 | 2020 | 57 000 |
What is the GDP per capita growth rate? Round to two decimals.
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Suppose 27 865 432 people are in the labour force, 9 234 567 public and 13 456 789 private. What is the unemployment rate? Round to two decimals.
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Suppose 26 543 109 people are in the labour force, 8 234 567 are employed in the public sector and 13 876 542 in the private sector. How many people are unemployed?
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