18. If more American tourists visit South Africa. Theof dollars increases and the dollarin the rand/dollar exchange rateA Supply; depreciatesDemand; depreciatesC upply; appreciatesDemand; appreciates19. In balance-of-payments accounting, the sale of a foreign production facility by a SA firm is aitem in the SA balance of payments; the deposit of funds in a foreign bank account by a SA citizenitem in the SA balance of payments.ADebit; also is a debitВDebit; is a creditCCredit; is a debitDCredit; also is a credit20. The table below shows a section of the national accounts for a small country in 2018. Answer thequestion that follows using the information provided in the table.9 800Consumption expenditureGovernment expenditure3 500DepreciationExportsImportsGross capital formation (investment)Primary income paymentsPrimary income receipts5002 2001 9002 500300200The value of Gross Domestic Product (GDP) is:(4rA16 100B19 900C 16 600D 15 60021. To calculate gross national income (GNI) from gross domestic product (GDP),must be added andmust be subtracted from GDP.A Primary income payments; primary income receiptsPrimary income receipts; primary income paymentsSubsidies for local production; tariffs on production from the rest of the worldВCTaxes from the rest of the world; subsidies received from the rest of the worldII 11. Complete the following sentence:In terms of the AD-AS model, a decrease in the interest rate leads to a(n)investment spending,a(n)demand and, eventually to a(n)_in the price level.inin aggregate spending, a(n)in total production and (or) a(n).in aggregate(4ADecrease; decrease; decrease; decrease; decreaseIncrease; increase; increase; increase; increaseВCIncrease; increase; decrease; decrease; decreaseDecrease; decrease; increase; increase; increase12. A justification for government intervention in the economy arises from the fact that market systems usuallyproduceoutcomes, but they do not necessarily produce .outcomes.(-Efficient; equitableEquitable; efficientEfficient; profitableProfitable; equitableAВCthe quantity of money13. When the government uses its overdraft facilities at the central bank, itin the economy. This is calledfinancing.Increases; deflationaryDecreases; inflationaryDecreases; deflationaryIncreases; inflationaryAВCD14. If the expected inflation rate is 5% and negotiators agree that the real wages should rise by 7%, the two sideswill agree to an increase in the money wage of(-A2%B5 %C 7%D12%

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