ECS2602 Assignment 3 Semester 1 2026 – Due 24 April 2026

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ECS2602 Assignment 3 Semester 1 2026 – Due 24 April 2026

ECS2602 ASSIGNMENT 3 2026
DUE 24 APRIL 2026

When you answer the questions, please use the EXACT words that the presenter
uses.

Question 1: (2 marks)

In the online lesson, Dr. Kennedy-Palmer uses a simple example to ensure students do
not confuse the concepts of constant inflation and rising or falling inflation.
Complete the following questions.
Assume the inflation rate remains 10%.
(a) What is the price of our basket going to be in year three? R121