1

EECF62306
UNIVERSITEIT VAN DIE VRYSTAAT
DEPARTEMENT EKONOMIE
TOETS 2
DATUM: 11 SEPTEMBER 2012
DOSENTE: ME. C. CAMPHER en MNR. GUVURIRO
MODERATOR: MNR. N. KEYSER
TYD: 1 UUR

PUNTE: 50

Instruksies:
Hierdie vraestel bestaan uit 4 vrae op 3 bladsye.
Beantwoord al die vrae.
Lees die vrae versigtig deur en skryf asseblief leesbaar.
Toon alle berekeninge waar nodig.
VRAAG 1
[7 X 2 = 14 PUNTE]
Beantwoord Vraag 1 in u antwoordboek. Skryf die letter van u keuse langs die betrokke
vraagnommer neer (bv. 1.1 A of 1.1 B).
1.1 Die Suid-Afrikaanse Reserwe bank se primre doelwit is om te verseker dat:
A. almal genoeg geld het.
B. daar finansile stabiliteit is.
C. ondernemings doeltreffend funksioneer.
D. die aanbod van geld gelyk aan die vraag van geld is.
1.2 Indien C = 40 + 0.8Y; I = 60 2i; en rentekoerse (i) = 10. Indien veronderstel word dat
hierdie geslote en privaat ekonomie is, dan is die besparingsvlak, as die ekonomie by
ekwilibrium is:
A. 40.
B. 60.
C. 80.
D. 200.
1.3 Om n resessie te voorkom, beveel fiskale beleid die volgende aan:
A. n styging in belastings.
B. styging in staatsbesteding.
C. styging in belastings en daling in staatsaankope om die begroting te balanseer.
D. vermindering in beide belastings en staatsbesteding.
EECF62306 Toets 11 September 2012

EECF62306 Toets 11 September 2012

1.4 Die onderstaande grafiek toon die geldmark-kurwes aan.

i

Ms

19%
17%
15%
Md
80 110 135

Geldbalanse (R miljoen)

Teen rentekoers van 17%

A. is daar n surplus in geldvraag en die pryse van staatseffekte is bestem om te styg.
B. is daar n surplus in geldvraag en die pryse van staatseffekte is bestem om te daal.
C. is daar n surplus in geldaanbod en die pryse van staatseffekte is bestem om te styg.
D. is daar n surplus in geldaanbod en die pryse van staatseffekte is bestem om te daal.
1.5 Watter van die volgende stellings is WAAR?
A. Spekulatiewe motief vir die hou van geld is volledig rentekoers-onelasties.
B. Transaksiemotief vir die hou van kontant is volledig rentekoers-elasties.
C. Voorkomende motief vir die hou van kontant is volledig rentekoers-onelasties.
D. Voorkomende motief vir die hou van kontant is volledig rentekoers-onelasties.
1.6 As gevolg van die bestedingsvermenigvuldiger-effek sal toename in belegging van R12
000, indien die marginale spaargeneigdheid (MSG) 0.1. is, marginale invoergeneigdheid
0.1. is, en belastingkoers (t) 15% is, na maksimum toename in die totale inkomste lei by
A. R100 000.00
B. R32 850.90
C. R38 520.90
D. R35 820.90
1.7 In twee-bate ekonomie met geld en staatsobligasies kan verwag word dat die
hoeveelheid geld wat mense sal wil hou, indien alle ander dinge dieselfde bly, sal
A. daal soos rele BBP styg.
B. styg soos rele BBP daal.
C. styg soos die rentekoers styg.
D. styg soos die rentekoers daal.
VRAAG 2
Veronderstel dat:
S
=
-200 + 0.10Yd
I
=
300
G
=
150
EECF62306 Toets 11 September 2012

[18 Punte]

X
M
T

=
=
=

140
0.1Yd
0.20Y

2.1 Skryf die netto uitvoer (NX) neer as funksie van inkomste (Y) en bereken die
inkomstevlak as uitvoere gelyk is aan invoere.
[3]
2.2 Teken die netto uitvoer-grafiek en merk dit duidelik.
[3]
2.3 Bereken die totale bestedingsfunksie en ekwilibriumvlak van inkomste.
[4]
2.4 Bereken die bestedingsvermenigvuldiger.
[2]
2.5 Veronderstel dat die regering van hierdie ekonomie 'n diskresionre fiskale beleid
aanvaar en sy besteding met 100 verhoog. Deur gebruik te maak van die Keynesiaanse
model, toon grafies die uitwerking aan van hierdie aksie op outonome besteding en
ekwilibrium inkomste.
[6]
VRAAG 3
[12 Punte]
3.1 Met behulp van deeglike gemerkte AD/AS grafiek, verduidelik omsigtig die afruiling
(trade-off) wat die ekonome konfronteer indien hulle diskresionre ekspansionistiese
beleid voorstel, en die intermedire deel van die AS kurwe word veronderstel. [6]
3.2 Deur gebruik te maak van deeglike gemerkte grafiek, illustreer en verduidelik
woordeliks (moontlik een sin) die uitwerking van die Suid-Afrikaanse Reserwebank
(SARB) se besluit om die reserwevereiste verhouding op die volgende te verhoog:
3.2.1 die geldmark
[3]
3.2.2 die goederemark.
[3]
VRAAG 4

[6 Punte]

Die onderstaande tabel toon die balansstaat van Nasionale Bank wat binne 12 persent
reserwevereiste verhouding funksioneer.
Bates (Rand)
Vereiste reserwes
Oorskot reserwes
Lenings
Totaal

A
B
80 000
100 000

Laste (Rand)
Kontroleerbare depositos

100 000

Totaal

,
100 000

4.1 Wat is die waardes van A en B?

[2]
4.2 Veronderstel dat alle banke in die spesifieke land identies aan die Nasionale Bank is.
4.2.1 Bereken die kredietvermenigvuldiger?
[2]
4.2.2 Toon aan wat die impak van n toename van R1000 in kontroleerbare depositos op
die geldvoorraad sal wees.
[2]
Einde

EECF62306 Toets 11 September 2012

EECF62306
UNIVERSITY OF THE FREE STATE
DEPARTMENT OF ECONOMICS
SEPTEMBER 2012
TEST 2
DATE: 11 SEPTEMBER 2012
LECTURERS: MS. C. CAMPHER/ MR. S. GUVURIRO
MODERATOR: MR. N. KEYSER
DURATION: 1 HOUR

MARKS: 50

Instructions:
This paper consists of 4 questions on 3 pages.
Answer all the questions.
Read the questions carefully and please write legibly.
Show all calculations where necessary.
QUESTION 1
[7 x 2 = 14 MARKS]
Answer Question 1 in your answer book. Write the letter of your choice next to the
question number (e.g. 1.1 A or 1.1 B).
1.8 The South African Reserve Banks primary goal is to ensure that:
E. everyone has enough money.
F. there is financial stability.
G. business operates effectively.
H. the supply of money is equal to the demand for money.
1.9 If C = 40 + 0.8Y; I = 60 2i; and interest rates (i) = 10. Assuming this is a closed and
private economy. The level of savings when the economy is at equilibrium is
E. 40.
F. 60.
G. 80.
H. 200.
1.10 To combat a recession, fiscal policy recommends
E. an increase in taxes.
F. an increase in government spending.
EECF62306 Toets 11 September 2012

G. an increase in taxes and a decrease in government purchases to balance the budget.

H. a reduction in both taxes and government spending.
1.11 The graph below shows the money market curves
i

Ms

19%
17%
15%
Md
80 110 135

Money balances (Rmillion)

At an interest rate of 17%

E. there is excess money demand and bond prices are bound to rise.
F. there is excess money demand and bond prices are bond to fall.
G. there is excess money supply and bond prices are bound to rise.
H. there is excess money supply and bond prices are bound to fall.
1.12
E.
F.
G.
H.

Which of the following statements is true?

A speculative motive for holding money is completely interest-rate inelastic.
A transaction motive for holding cash is completely interest-rate elastic.
A precautionary motive for holding cash is completely interest-rate inelastic.
A precautionary motive for holding cash is completely interest-rate elastic.

1.13 Because of the expenditure multiplier effect, an increase in investment of R12 000, if
the marginal propensity to save (MPS) is 0.10, marginal propensity to import is 0.10 and
tax rate (t) is 15%, will lead to a maximum increase in the total income by
E. R100 000.00
F. R32 850.90
G. R38 520.90
H. R35 820.90
1.14 In a two-asset economy with money and government bonds, the quantity of money
that people will want to hold, other things being equal, can be expected to:
E. decrease as real GDP increases.
F. increase as real GDP decreases.
G. increase as the interest rate increases
H. increase as the interest rate decreases

EECF62306 Toets 11 September 2012

QUESTION 2
Assume that:
S
=
I
=
G
=
X
=
M
=
T
=

[18Marks]

-200 + 0.10Yd
300
150
140
0.1Yd
0.20Y

2.5 Write down the net export (NX) as a function of income (Y) and calculate the level of
income when exports equal imports.
[3]
2.6 Draw the net export graph and label it clearly.
[3]
2.7 Calculate the total-spending function and equilibrium level of income.
[4]
2.8 Calculate the expenditure multiplier.
[2]
2.9 Suppose the government of this economy embarks on a discretionary fiscal policy and
raises its spending by 100. Graphically show, using the Keynesian model, the impact of
this action on autonomous expenditure and equilibrium income.
[6]
QUESTION 3

[12Marks]

3.3 With the aid of a well labelled AD/AS graph, carefully explain the trade-off that the
economists face when recommending a discretionary expansionary policy assuming the
intermediate part of the AS curve.
[6]
3.4 Using well labelled graphs, illustrate and briefly explain in words (possibly one sentence),
the impact of the South African Reserve Bank (SARB)s move to increase the reserve
requirement ratio on:
3.4.1 the money market.
[3]
3.4.2 the goods market.
[3]

QUESTION 4

[6Marks]

The table below shows the balance sheet of National Bank that operates with a 12 percent
required reserve ratio.
Assets (Rands)
Liabities (Rands)
Required reserves
......A......
Checkable deposits
100 000
Excess reserves
......B......
Loans
80 000
,
Total
100 000
Total
100 000
4.3 What are the values of A and B?
[2]
4.4 Suppose all the banks in this particular country are identical to the National Bank.
EECF62306 Toets 11 September 2012

4.4.1
4.4.2

What would be the money multiplier?

[2]
Show how would the increase in checkable deposits by R1000 impact money supply.
[2]
End

EECF62306 Toets 11 September 2012