1.3.4 The deliberate decrease in the value of a country's currency 4x 1 (4)
SECTION B
Answer TWO of the three questions from this section in the ANSWER BOOK
QUESTION 2 MACROECONOMICS 40 MARKS - 30 MINUTES
2.1 Answer the following questions
2.1.1 Name any TWO examples of leakages (2 x 1) (2)
2.1.2 What benefit will government enjoy from selling non-profitable state-owned enterprise (2
2.2 Study the table below and answer the questions that follow.
(Wages, Rent Interest and
Profits)
Factor Payments (Y)
Factor Inputs​

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy. year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period. required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.

Which of the following functions finds the highest value of selected inputs? a. high b. hvalue c. max

Which of the following statements best reflects a price-taking firm? price-taking firms maximize profits by charging a price above marginal cost. the firm can sell only a limited amount of output at the market price before the market price will fall. if the firm were to charge more than the going price, it would sell none of its goods. the firm has an incentive to charge less than the market price to earn higher revenue.