What might be the possible causes of inflation along with economic theory?
Taking stable prices and full employment as two macroeconomic objectives of government critically discuss and illustrate how fiscal and monetary policies could be used to accomplish them.
What factors are likely to affect the size of price elasticity of demand?
A publicly owned bus line is running at a loss. How can knowledge on the elasticity of demand for bus rides aid in this situation?
Make a distinction between economic growth and economic development.
Describe carefully how, using the expenditure approach, national income is computed.
Critically investigate the dissimilar measures of economic development.
Elucidate using diagrams why a 10% raise in investment leads to a higher percentage raise in National Income?