Please choose the correct options for the following questions

Q.1.3 Which of the following will NOT cause a depreciation of the rand against the dollar?

(1) A decrease in imports from the United States.

(2) A decrease in exports to the United States.

(3) A decrease in the number of tourists visiting South Africa from the United States.

(4) An increase in the number of American investors selling their shares in South African companies and converting the proceeds to dollars.

In the national income accounts:

(1) Total spending is always equal to total production and income.

(2) Total spending is always greater than total production and income.

(3) Total spending is always less than total production and income.

(4) Total spending may be greater than, equal to or less than total production and income.

Q.1.10 Which of the following statements is correct?

(1) When a British firm invests in a bicycle manufacturing facility in South Africa, the amount concerned is entered as an inflow on the current account of the South African balance of payments.

(2) When someone purchases a secondhand car, the transaction is included in the calculation of GDP in the year the sale took place.

(3) A deficit on the current account of the balance of payments indicates that the country exported more than it imported during the period in question.

(4) In the base year, the value of nominal GDP is equal to the value of real GDP.