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It is clear that the South African economy needs to grow. We need to make up for lost incomes, lost
jobs, lost tax revenue. Our fiscal stance will be more sustainable if GDP grows. Apply your knowledge
of the drivers of growth and explain what can drive long-run economic growth for South Africa. You
can use models, graphs and explain in your own words what plans you propose to get the drivers of
growth going.
jobs, lost tax revenue. Our fiscal stance will be more sustainable if GDP grows. Apply your knowledge
of the drivers of growth and explain what can drive long-run economic growth for South Africa. You
can use models, graphs and explain in your own words what plans you propose to get the drivers of
growth going.
Which one of the following statements is correct?
A. A decrease in the repo rate restrains the money creation process.
B. The SARB can withdraw money from circulation by buying bonds in the secondary market.
C. Expansionary monetary policy shifts the money supply curve to the left.
D. An increase in the repo rate restrains the money creation process.
A. A decrease in the repo rate restrains the money creation process.
B. The SARB can withdraw money from circulation by buying bonds in the secondary market.
C. Expansionary monetary policy shifts the money supply curve to the left.
D. An increase in the repo rate restrains the money creation process.
Given the following National Income Model
Y = C + I0 + G0 + X0 – Z
Where C = C0 + bYd
Yd = Y – T
T = T0 + Ty and Z = Z0 + ZYd
In this equation X and Z are export and import
• Identify endogenous and exogenous variables and parameters.
• Find out equilibrium level of Y and C
(full solution)
Y = C + I0 + G0 + X0 – Z
Where C = C0 + bYd
Yd = Y – T
T = T0 + Ty and Z = Z0 + ZYd
In this equation X and Z are export and import
• Identify endogenous and exogenous variables and parameters.
• Find out equilibrium level of Y and C
(full solution)
If the exchange rate changes from $0.11 = R1, to $0.12 = R1, the rand depreciated
Many health insurance programs (and states) announced that testing and exams are free for Covid-19. What do you think such a policy can achieve?
What is the marginal rate of substitution between two complementary goods?
Management of AG Travel and Tour has identified two groups of individuals that
would be interested in the vacation package consisting of room and board and/or
entertainment. The maximum amount that group 1 is willing to pay for room and
board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximum
amount they are willing to pay for room and board is GHC 1800 and for
entertainment is GHC 750. Although AG Travel and Tour is not able to identify
members of either group, it does know that each group values the components of
the package differently. Assuming there are an equal number of members in each
group and that the total membership in each group is a single individual. If the
marginal cost of providing the service (room and board and/or entertainm
would be interested in the vacation package consisting of room and board and/or
entertainment. The maximum amount that group 1 is willing to pay for room and
board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximum
amount they are willing to pay for room and board is GHC 1800 and for
entertainment is GHC 750. Although AG Travel and Tour is not able to identify
members of either group, it does know that each group values the components of
the package differently. Assuming there are an equal number of members in each
group and that the total membership in each group is a single individual. If the
marginal cost of providing the service (room and board and/or entertainm
Which one of the following statements is correct?
A. Exports represent a leakage from the expenditure flow.
B. Foreign loans are made directly by the government and are not part of the BoP.
C. When South Africans buy or sell shares on the New York stock exchange it is accounted for in the BoP.
D. If the exchange rate changes from $0.11 = R1, to $0.12 = R1, the rand depreciated.
A. Exports represent a leakage from the expenditure flow.
B. Foreign loans are made directly by the government and are not part of the BoP.
C. When South Africans buy or sell shares on the New York stock exchange it is accounted for in the BoP.
D. If the exchange rate changes from $0.11 = R1, to $0.12 = R1, the rand depreciated.
Given information for Country X as below:
Details
$ (million)
Consumers consumption =30$ (million)
Net Investment=20$ (million)
Government Expenditure=30$ (million)
Export=20$ (million)
Import=10$ (million)
Depreciation=10$ (million)
Indirect taxes=25$ (million)
Subsidies=118$ (million)
1)Calculate Gross Domestic Product (GDP) market price for Country X
2)Calculate Gross Domestic Product (GDP) factor cost for Country X
Details
$ (million)
Consumers consumption =30$ (million)
Net Investment=20$ (million)
Government Expenditure=30$ (million)
Export=20$ (million)
Import=10$ (million)
Depreciation=10$ (million)
Indirect taxes=25$ (million)
Subsidies=118$ (million)
1)Calculate Gross Domestic Product (GDP) market price for Country X
2)Calculate Gross Domestic Product (GDP) factor cost for Country X
Given C=1500+0.75y
I=Io=2500
Find the equilibrium income
I=Io=2500
Find the equilibrium income
