problem 1:

Illustrate out what Economic growth is and describe its relationship with standard of living?

problem 2:

Suppose you’re the government economist, what policy measures you’re likely to take in promoting economic growth in Mauritius?

problem 3:

What do you mean by Fiscal Policy? Also describe the instruments of Fiscal Policy

problem 4:

How is the operation of fiscal policy supposed to influence the level of economic activity in an economy?

problem 5:

Make a distinction carefully between public and merit goods; illustrate the characteristics and illustrations to support your arguments.

problem 6:

Why might the provision of such goods not be left totally to private enterprise?