a) What is the main difference between economic growth and economic development?[4 marks] b) Outline the main determinants of economic growth. [6 marks]
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There are different theories on the determinants of level output in the economy. What determine outputs according to these theories.
The following are the data for country A for a period of two years 2014 and 2015. Between 2014 and 2015, price increases by 15%, National income in 2014 was N$500 million and in 2015 was N$650 million, the population ...
Explain the effect on the equilibrium interest rate and output level if there was an increase in (autonomous) government spending, and show this effect graphically?
If the level of income in the current year is N$ 8000, the level of income in the past period is N$6500 and the net investment is N$ 3,000. Calculate the accelerator coefficient
Consider the following short-run model of closed economy with following information: G = 2000; T = 1000; M = 1000; C=1000+0.2Yd; P = 10 and L(Y,r) = Y –2r; I(r) = 500-5r; Equilibrium interest rate is (i,) Investment level at equilibrium interest rate is (ii) IS equation is Y and LM equation is (iii)
Consider the following short-run model of closed economy with following information: G = 2000; T = 1000; M = 1000; C=1000+0.2Yd; P = 10 and L(Y,r) = Y –2r; I(r) = 500-5r; Equilibrium interest rate is (i,) Investment level at equilibrium ...
(a) Namibia is facing a challenge of high unemployment rate. Discuss at least three possible ways of addressing unemployment in our economy.
QUESTION TWO [20 MARKS] a) Let us consider the microeconomic analysis of a single profit-maximizing firm deciding whetheror not to undertake an investment. Suppose a machine whichhas a known life of only one year is expected to yield N$25000.00 at ...