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Problem 1:
Any development strategy should put people first; indeed, its very effectiveness should be measured in terms of how it impacts the poor.
(a) Describe the link between development and poverty with reference to the UNDP's efforts to quantity these phenomena.
(b) What measures will a government take to ensure that the benefits of economic growth trickle down to the poor?
Problem 2:
(a) What is endogenous growth theory and what are its policy implications?
(b) Do you think that endogenous growth theory can give a good explanation of the Mauritian "economic miracle"? Discuss fully with reference to the relevant empirical literature.
Explain about the money metric utility functions. The Money Metric Utility Functions: It is a nice construction including the expenditure function which comes up into a vari
Factors Shifting Demand Curve -
Sally recently finished her full-time training and received certification as a nurse’s aid at the end of August. She sent out applications to prospective employers during the last
Closesubstitute goods: The number of closesubstitute goods The more substitutes of good has and the more close the substitutes are, the more elastic the demand for the good. Fo
average-marginal relationship
excess reserve make a bank less vulnerable to runs.why
How can we identify that something is elastic or inelastic? When demand of any commodity does not change with the change in price of that commodity that item is said by inelas
Q. Central Planning of economic system? Central Planning: An economic system in that crucial decisions regarding consumption, investment, exchange rates, interest rates and pri
How to calculate: fixed cost is $1,000,000 tvc $4,400,000, avc is $22, atc $27, worker productivity is 4. How do I calculate the profit or loss?
Question 1: (a) Using examples, explain the difference between time-series, cross-sectional, and panel data. (b) Formulate a simple linear equation, and carefully explain
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