Question
Question 4 [25 marks] (a) In your view, why did the Yugoslavian businesses refuse to take the Yugoslavian currency and instead used the German Deutsche
Question 4 [25 marks]
(a) In your view, why did the Yugoslavian businesses refuse to take the Yugoslavian
currency and instead used the German Deutsche Mark? [5]
(b) What is price stability and why is it important particularly for business environment?
[10]
(c) Explain why should deflation which is described as falling of general price level cause
problems to the whole economy? (10)
SECTION B COMPULSORY
QUESTION 5 [15 marks]
(a) Discuss the difference between GDP & GNP? (5marks)
(b) Is Growth Desirable and Sustainable? Economists typically see economic growth as
desirable and sustainable. But not all social observers agree. Explain why? Hint: what
are Antigrowth views? [10]
(c) Discuss the reasons behind the fluctuations in the Gross Domestic Product of Namibia.
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