ECS1601 Oct/Nov 2015 exam paper — questions

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  1. Question 1.1 · Unemployment and the labour market · 3 marks

    Give a brief explanation of two policy measures that could be used to reduce unemployment by focusing specifically on increasing the demand for labour.Show the full question

  2. Question 1.2 · Unemployment and the labour market · 3 marks

    Explain the difference between cyclical unemployment and structural unemployment.Show the full question

  3. Question 1.3 · National income accounting and GDP · 3 marks

    Explain why a rise in nominal GDP does not automatically mean that economic growth has occurred.Show the full question

  4. Question 1.4 · Fiscal policy, taxation and public finance · 3 marks

    Name three criteria that characterise a good tax system.Show the full question

  5. Question 1.5 · Monetary policy and the Reserve Bank · 3 marks

    Name three functions performed by the South African Reserve Bank.Show the full question

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