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If more American tourists visit South Africa

Economics

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If more American tourists visit South Africa. The _____________________ of dollars increases and the dollar in the rand/dollar exchange rate _____________________. (4 marks) A Supply; depreciates B Demand; depreciates C Supply; appreciates D Demand; appreciates

2. The table below shows a section of the national accounts for a small country in 2018. Answer the question that follows using the information provided in the table.

Consumption expenditure 9 800

Government expenditure 3 500

Depreciation 500

Exports 2 200

Imports 1 900

Gross capital formation (investment) 2 500

Primary income payments 300

Primary income receipts 200

The value of Gross Domestic Product (GDP) is:

A 16 100, B 19 900, C 16 600 , D 15 600

3.Refer to the table below that contains information about the Consumer Price Index in Mythopia, in order to answer the question.

Year Consumer Price Index

2010 100,0

2011 112,1

2012 120,8

The unit of currency in Mythopia is the Myth. Between 2010 and 2012, the purchasing power of the consumer’s Myth

A Decreased to 20,8 cents., B Decreased to 120,8 cents., C Decreased to 83 cents. , D Decreased to 93 cents

4. Suppose the SARB decrease interest rates while oil prices is increasing. What would be the expected effect on real GDP and the price level?

Option Price level Real GDP

1 Uncertain decreases

2 Increase uncertain

3 decreases decreases

4 Increases decreases

A Option 1 , B Option 2 , C Option 3, D Option 4