questiona explain the 3 different ways of
QUESTION
(a) Explain the 3 different ways of calculating national income.
(b) Does the National Income figure accurately reflect the living standard of a population? Discuss.
(c) Analyze the different causes of inflation in an economy.
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questiona explain the law of demand and the factors affecting demandb explain and illustrate how demand of a commodity will change if there is a tax
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questionexplain the relationship between scarcity choice and opportunity costin a capitalistic system consumer sovereignty is the key explain and
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