Normal text Arial + BIUA (a)Why is economic growth an important ingredient to a nation's economic stability and welfare? (b) What are four of the key ingredients that cause economic development (name/list four key ingredients)? (c) Also name or identify three factors that may negatively impact economic development in a country and name one country as an example. 2. Define-- (a) What is simple interest, (b) discount interest ( present value of money) and (c) compound interest (future value of money) (definitions-- from chapters one and two or from other resources (d) Suppose you save $10,000 today at an interest rate of 10%, how much will you have in savings after 7 years from now if you did not take any money out during the entire seven years?( use future value formula) (e) Suppose you lend a friend $5,000 to be paid in a lump sum after five years (5) at 8%. What is the Present Value of the $5,000