Reference no: EM132889313

1. Outline six challenges encounted by economic planners when estimating the national income in a developing country

2. Describe four policy measures that developing countries could adopt to reduce regional imbalances

3. Differentiate between nominal national output and 'real national output' figures in an economy

4. Define the term multiplier

5. Distinguish between transfer payments and transfer earnings

6. Distinguish between gross national product at market price and net national product at factor cost

7. Highlight the factors that contribute to low economic growth rates in developing countries

8. What are the main problems associated with national income accounting in developing countries

9. Highlight ten problems that are faced by the agricultural sector in developing countries

10. Explain five policy measures that could be adopted to minimize the problem of rising external debt in developing countries