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Discuss why it is important to measure national income of an country. (6 Marks) Explain the meaning of the following macro-economic concepts. i) Cost push

Discuss why it is important to measure national income of an country. (6 Marks) Explain the meaning of the following macro-economic concepts. i) Cost push inflation ii) Crowding out effect iii) Fiscal deficit iv) Free float exchange rate v) Multiplier and accelerator (4 Marks)

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