Reference no: EM132876440
BACKGROUND; BUSINESS
1 Outline the factors that may lead to the occurrence and persistence of a a market disequilibrium
2. Distinguish between the 'multiplier ' and the 'accelerator' as used in national income statistics
3. Explain four factors that could limit the application of the multiplier in developing countries
4. Explain five factors that determine the macroeconomies level of consumption in an economy
5. Discuss ten limitations of using national income statistics to compare the standards of living between different countries
6. Outline five problems associated with the expenditure approach of measuring the national income of a country
7. Explain four factors that limit the effectiveness of the multiplier in developing countries
8. Justify the need to estimate the national income in a country
9. Outline six challenges encounted by economic planners when estimating the national income in a developing country
10. Describe four policy measures that developing countries could adopt to reduce regional imbalances
11. Differentiate between nominal national output and 'real national output' figures in an economy
12. Define the term multiplier
13. Distinguish between transfer payments and transfer earnings
14. Distinguish between gross national product at market price and net national product at factor cost
15. Highlight the factors that contribute to low economic growth rates in developing countries
16. What are the main problems associated with national income accounting in developing countries