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What are the major problems in measuring national income?
The major problems in measuring national income:
a. Unreliable statistics data collection is costly and the figures collected via LDCS may be incomplete
b. Non-marketed output for example, subsistence farming does not result into an income so make no part of official NY figures.
c. Undeclared economic activity for example, Official GDP figures carry out the activities of shadow or informal economy (calculated as 76 percent of Nigerian GDP).
What is the Marshal Plan? Marshal Plan: The Marshal Plan noticed massive aid to post war Europe that led to quick recovery. That Marshal Aid helped but the accurate social
MC=25+30Q-9Q^2 fixed cost=55 find total cost avarage cost variable cost
Question 1 Part A - The following schedule shows the market for oranges. Use this data to answer the questions below. Provide full calculations for all your answers. (i)
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QUESTION 1 (a) Explain the relationship between scarcity, choice and opportunity cost. (b) How is choice about the use of scarce resources made in a market economy? QUES
Illustrate the highlight report in project management methods. Highlight report: The Highlight Report is the ordinary report by the project manager to the Project Board.
Illustrate some example of the development process affected on culture. Examples of the development process affected on culture: • Foreign Direct investment (FDI) and IMF st
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