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Problem:
i) Differentiate between economic development and economic growth.
ii) Describe carefully how, using the expenditure approach, national income is calculated.
iii) Critically analyse the different measures of economic development.
iv) Describe using diagrams why a 10% increase in investment leads to a higher percentage increase in National Income?
discuss the implications of various market structures(competitive and non-competitive)for price determination
what is theory of product pricing?
what is rational decision and why it requires one''s choices be consistent with one''s goals?
how does pp curve solve the problem of how to produce, what yo produce, and when to produce?
what is the mass of a body when it is taken to the moon
Interest: A lender charges interest as the price of lending money (or some other asset) to a borrower. Interest is mainly charged as a specified percentage of the loan's value, per
Explain how monetary and fiscal policies can be used to alleviate (= lessen) dissimilar types of inflation. Define monetary and fiscal policies and show how these policies mig
brife note on demand
Fiscal Imbalance: The persistent rise in resource gap has led to a growing volume of public debt. The central feature that emerges is a serious fiscal imbalance, arising from
prefrence towards risk the demand for risky assets,
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