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QUESTION (a) Explain the 3 methods of calculating National Income? (b) Why do all countries in the world calculate their National Income every year, despite all the difficul
How does sectoral change enhance development? The Lewis Model argues economic growth needs structural change into the economy whereby surplus labour into traditional agricultu
what do you call an entrepreneur using someone elses ideas to start a business
what are the factors that affect the volume of production in economy
What is the development gap? The development gap refers to the divergence between standards of living in the developed and developing world. As like Source World Bank:
Describe the difference between value management and value engineering. Value Engineering: It is concerned all along with determining the cheapest method of accomplishing
a) $130,000 b) Project Atlanta has the shorter payback period Atlanta Boston Payback 1 year and 10 months 2 years an
Define the aggregate price level in the macroeconomics. Aggregate Price Level: A nominal measure is a measure which has not been adjusted for modifications into prices
Discuss how income flows in governed economy
What is the argument of advocates of World Bank in promotion of development? Advocates of the World Bank argue: • Loans and aid alone don’t guarantee development or the
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