Hi. Please assist me with collective/scenario questions 17 to 27. It is quite difficult.
21. If this economic growth rate of 3.5% is to be achieved by increasing government spending by how much should government spending increase? R64 225 million. R42 817 million. DAWN R1 223 333 million. R524 285 million. R1 835 000 million. Questions 22 to 27 are based on the following additional information: Assuming that the tax revenue stays the same, and government spending increases to achieve a 3.5% growth rate. 22. What impact will it have on the budget deficit? It will increase the budget deficit by R42 817 million. It will increase the budget deficit by R64 225 million. It will increase the budget deficit by R524 285 million. It will decrease the budget deficit by R64 225 million. It will decrease the budget deficit by R42 817 million. 23. What is the percentage change in the budget deficit? It will increase the budget deficit by approximately 45%. It will increase the budget deficit by approximately 30%. It will increase the budget deficit by approximately 36% It will decrease the budget deficit by approximately 45%. It will decrease the budget deficit by approximately 30%. 24. The government debt will... be unchanged at R822 400 million. increase to R886 625 million. decline with R42 817 million. increase to R865 217 million. 25. If the 3.5% growth rate is to be achieved by a change in taxation, what should happen to taxation? 1. Taxes should be cut by R64 225 million. Taxes should be cut by R42 817 million. 3. Taxes should be cut by R129 749 million. A Taxes should be increased by R64 225 million. 5. Taxes should be increased by R42 817 million. 26. How many people were unemployed in Country ABC in 2021? 30 million. 12.5 million. 5 million. 20 million. 27. Assuming that the output per worker is R122 000 and for every additional worker employed output will increase with R122 000 (in other words, constant returns apply). By how much will employment increase if the economy grows at 3.5%? 950 555 350 787 250 643 526 434Questions 17 to 21 are based on the following approximate figures for Country ABC's economy in 2021: Investment spending = R358 000 million Government spending = R383 000 million Real GDP = R1 835 000 million Estimated population = 50 million Labour force = 20 million Unemployment rate =25% Budget deficit = R142 000 million Government debt R822 400 million Marginal propensity to consume = 0.33 Multiplier = 1.5 17. It is clear from the data for Country ABC ... a. that it has an unemployment problem. b. that investment spending as a percentage of real GDP is higher than government spending as a percentage of real GDP. C. the budget deficit as a percentage of real GDP is more than 6%. d. government debt as a percentage of real GDP is more than 30%. 1. a, b, c and d 2. Only a, c and d Only b, c and d 4. Only c and d 5 . Only b and d 18. Which one of the following goods market models represent the data given for country ABC's economy: Diagram A Diagram B Diagram C 9.33 131 109 358 00Um 741 000m 1 111 500m 1 835 000m Diagram A Diagram B Diagram C 19. Given the structural constraints of Country ABC's economy, the country's central bank and the World Bank estimated that the potential growth rate for Country ABC is 3.5%. Given a real GDP for Country ABC of R1 835 000 million in 2021 by how much should real GDP have to increase to achieve an economic growth rate of 3.5% in 2022? R64 225 000 million. WN - R1 835 000 million. R1 899 225 million. R524 285 million R64 225 million. 20. Assuming a multiplier of 1.5 by how much should autonomous spending in Country ABC's economy increase to achieve a growth rate of 3.5%? R64 225 million. R42 817 million. AWN- R1 223 333 million. R524 285 million. 5. R1 835 000 million
