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Macroeconomics
Use the information in the table below to answer Q.3.1 to Q.3.3:
GDP at market prices R397bn
Net primary income payments to the rest of the world R37bn
Indirect taxes R23bn
Subsidies R11bn
Consumption of fixed capital R32bn
3.2. Calculate the value of Net National Product (NNI) at market prices
3.3. Calculate the value of Net National Income (NNI) at factor cost.
NOTE bn = Billion
GDP at market prices R397bn
Net primary income payments to the rest of the world R37bn
Indirect taxes R23bn
Subsidies R11bn
Consumption of fixed capital R32bn
3.2. Calculate the value of Net National Product (NNI) at market prices
3.3. Calculate the value of Net National Income (NNI) at factor cost.
NOTE bn = Billion
Macroeconomics
Which of the following figures shows the impact of an increase in USA interest rates on
the South African foreign exchange market?
the South African foreign exchange market?
Macroeconomics
Which of the following is correct about exports in the Keynesian model?
1.increases the multiplier
2.increase due to a depreciation in the south African rand against it's major trading partners.
3.increase as domestic interest rates decreases.
4.increase when the level of domestic income increases.
1.increases the multiplier
2.increase due to a depreciation in the south African rand against it's major trading partners.
3.increase as domestic interest rates decreases.
4.increase when the level of domestic income increases.
Macroeconomics
The aim of taxes is to change the behaviour of people.
Macroeconomics
Why fewer working hours decreases GDP? What if people work more efficiently and effectively?
Macroeconomics
Last year, a small nation with abundant forests cut down $200 worth of trees. $100 worth of trees were then turned into $150 worth of lumber. $100 worth of that lumber was used to produce $250 worth of bookshelves. Assuming the country produces no other outputs, and there are no other inputs used in the production of trees, lumber, and bookshelves, what is this nation’s GDP? In other words, what is the value of the final goods produced including trees, lumber and bookshelves?
Macroeconomics
Along any downward sloping straight-line demand curve:
A. both the price elasticity and slope vary.
B. both the price elasticity and slope are constant.
C. the slope varies, but the price elasticity is constant.
D. the price elasticity varies, but the slope is constant.
Macroeconomics
Consumption = 115 + 0.6Y
Investment = 550
Use the above information to answer the questions that follow:
Calculate the value of autonomous spending.
Investment = 550
Use the above information to answer the questions that follow:
Calculate the value of autonomous spending.
Macroeconomics
GDP at market prices R397bn
Net primary income payments to the rest of the world R37bn
Indirect taxes R23bn
Subsidies R11bn
Calculate the value of gross national income (GNI) at market prices.
Macroeconomics
decline in the number of American tourists to South Africa. Explain, with the aid of a graph, the effect of this on the rand/dollar exchange rate and the equilibrium quantity of dollars.
