Topic
Q:
You want to be able to withdraw \( \$ 50,000 \) from your account each year for 15 years after you retire.
You expect to retire in 25 years.
If your account earns \( 10 \% \) interest, how much will you need to deposit each year until retirement to
achieve your retirement goals?
Q:
You want to buy a car. The loan amount will be \( \$ 14,000 \). The company is offering a \( 2 \% \) interest rate for 60
months ( 5 years). What will your monthly payments be?
Q:
1.1 Moses earns a gross salary of R10 500 per month. The basic monthly expenses used
from the income are as follows:
Housing expense \( 21 \% \); Food \( 36 \% \), Transport \( 10 \% \); Cellphone bills \( 1,9 \% \). The rest is for
savings.
the above information to answer the following questions.
1.1.1 Calculate the total gross salary per annum.
1.1.2 Determine the amount of the monthly food expense.
simplest form.
1.1.4 Calculate Moses's percentage for savings from his salary.
Q:
QUESTION 21
Suppose the nominal exchange rate between the Japanese yen and the UK pound is 100 yen per pound.
Further, suppose that a kilogram of rice costs \( £ 2 \) in the UK and 250 yen in Japan. What is the real exchange
rate between Japan and the UK?
a) 2.5 kilograms of Japanese rice per kilogram of UK rice.
b) 0.5 kilograms of Japanese rice per kilogram of UK rice.
c) 1.25 kilograms of Japanese rice per kilogram of UK rice.
d) 0.8 kilograms of Japanese rice per kilogram of UK rice.
Q:
QUESTION 20
Which of the following is an example of foreign direct investment?
a) General Motors buys steel from South Korea.
b) General Motors of the USA buys shares in Saab of Sweden.
c) McDonald's builds a restaurant in Moscow.
d) UK publisher Bloomsbury sells the rights to make a film of a Harry Potter book to an American film studio.
Q:
QUESTION 19
If Japan exports more than it imports,
a) Japan's net exports are negative.
b) Japan is running a trade deficit.
c) Japan's net capital outflow must be positive.
d) Japan's net capital outflow must be negative.
Q:
QUESTION 18
Which of the following might be expected to generate employment?
a) Economic growth that is capital intensive.
b) Higher taxes for small businesses.
c) A fall in the productivity of workers.
d) The promotion of exports and investment.
Q:
QUESTION 17
When the reserve bank prints more money and increases the money supply, this will cause prices
a) Decrease
b) Stabilise
c) Increase
d) Fluctuate
Q:
QUESTION 15
According to Keynesian economists, during a boom in economic activity
a) money supply should be increased.
b) interest rates should be cut.
c) government should increase its spending.
d) tax rates should be raised.
Q:
An economy is at equilibrium output when
a) \( Y=C+I+G+(X-M) \)
b) \( Y=A D+C+G+(X-M) \)
c) \( Y=A D+C+I+G+(X-M) \)
d) \( Y=A D+C+1+G \)
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