QUESTIONS

75. Outline the factors that may lead to the occurrence and persistence of a a market disequilibrium

76. Distinguish between the 'multiplier ' and the 'accelerator' as used in national income statistics

77. Explain four factors that could limit the application of the multiplier in developing countries

78. Explain five factors that determine the macroeconomies level of consumption in an economy

79. Discuss ten limitations of using national income statistics to compare the standards of living between different countries

80. Outline five problems associated with the expenditure approach of measuring the national income of a country

81. Explain four factors that limit the effectiveness of the multiplier in developing countries

82. Justify the need to estimate the national income in a country

83. Outline six challenges encounted by economic planners when estimating the national income in a developing country

84. Describe four policy measures that developing countries could adopt to reduce regional imbalances

85. Differentiate between nominal national output and 'real national output' figures in an economy

86. Define the term multiplier

87. Distinguish between transfer payments and transfer earnings

88. Distinguish between gross national product at market price and net national product at factor cost

89. Highlight the factors that contribute to low economic growth rates in developing countries

90. What are the main problems associated with national income accounting in developing countries