Illustrate out what Economic growth is and describe its relationship with standard of living?
Suppose you’re the government economist, what policy measures you’re likely to take in promoting economic growth in Mauritius?
What do you mean by Fiscal Policy? Also describe the instruments of Fiscal Policy
How is the operation of fiscal policy supposed to influence the level of economic activity in an economy?
Make a distinction carefully between public and merit goods; illustrate the characteristics and illustrations to support your arguments.
Why might the provision of such goods not be left totally to private enterprise?