PLEASE HELP ME WITH THESE FOLLOWING Economics QUESTIONS

QUESTION 1

Q.1.1 An increase in criminal activity in South Africa acts as a deterrent to foreign tourists considering visiting South Africa, and as a result, there is a decline in the number of American tourists to South Africa.

Please explain, with the aid of a graph, the effect of this on the rand/dollar exchange rate and the equilibrium quantity of dollars.

Q.1.2 Identify any two reasons that US dollars would be demanded in South Africa.

QUESTION 2

PLEASE USE THIS INFORMATION TO HELP WITH THE FOLLOWING Qs.

GDP at market prices R397bn

Net primary income payments to the rest of the world R37bn

Indirect taxes R23bn

Subsidies R11bn

Consumption of fixed capital R32bn

Q.2.1 Calculate the value of gross national income (GNI) at market prices.

Q.2.2 Calculate the value of net national product (NNI) at market prices.

Q.2.3 Calculate the value of net national income (NNI) at factor cost.

Q.2.4 Identify the two major accounts of the balance of payments and explain the key difference between the two accounts. (4) Q.3.5 Define the term, "inflation" and indicate the index that is used to measure the rate of inflation.

QUESTION 3

Given following information about a closed economy with no government:

Consumption = 115 + 0.6Y

Investment = 550

Using the above information to explain the questions that follow:

Q.3.1 Calculate the value of autonomous spending.

Q.3.2 Calculate the value of the multiplier.

Q.3.3 Calculate the equilibrium level of income.

Q.3.4 Is the equilibrium level of income also the full employment level of income? Explain .

Q.3.5 Identify any three nonincome determinants of consumption