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Question 1:
(a) To what extent does the structural change model of Lewis adequately portrays the development phases in most developing countries?
(b) Discuss the principal arguments of the neoclassical counter revolution approach to development.
Question 2:
(a) Critically assess whether education is a source of economic growth and development.
(b) Describe the link between environment and sustainable development.
Question 3:
(a) Discuss the Malthusian population trap.
(b) Briefly explain how poverty and inequality is measured.
(c) Explain the relationship between poverty, inequality and economic growth.
Question 4:
(a) Critically analyse how developing countries stand to gain from foreign direct investment.
(b) Foreign aid: Boon or curse for developing countries? Discuss.
discuss the central economic problem facing this group of survivors.
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Q. How can long-run values in the real exchange rate change? Answer: A elevate in world relative demand for U.S output origins a long-run real appreciation of the dollar
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