Reference no: EM132876289

1. Distinguish between the 'multiplier ' and the 'accelerator' as used in national income statistics

2. Explain four factors that could limit the application of the multiplier in developing countries

3. Explain five factors that determine the macroeconomies level of consumption in an economy

4. Discuss ten limitations of using national income statistics to compare the standards of living between different countries

5. Outline five problems associated with the expenditure approach of measuring the national income of a country

6. Explain four factors that limit the effectiveness of the multiplier in developing countries

7. Justify the need to estimate the national income in a country

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

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

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