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Problem:
i) Differentiate between economic development and economic growth.
ii) Describe carefully how, using the expenditure approach, national income is calculated.
iii) Critically analyse the different measures of economic development.
iv) Describe using diagrams why a 10% increase in investment leads to a higher percentage increase in National Income?
different types of production funtion and curve given by different economist
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analyse the method by which a firm can allocate the given advertising budget between different media advertisement?
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