QUESTION 2 Economic growth of a country is measured by GDP (gross domestic product). (a) Show the simple formula for GDP
Posted: Wed Jul 06, 2022 5:54 am
QUESTION 2
Economic growth of a country is measured by GDP (gross domesticproduct).
(a) Show the simple formula for GDP using the expenditure approach.(4)
(b) Explain your understanding of the supply factors of economicgrowth. (12)
(c) Name the main factors (or problems) that influence the economicdevelopment of a country. (4)
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Economic growth of a country is measured by GDP (gross domesticproduct).
(a) Show the simple formula for GDP using the expenditure approach.(4)
(b) Explain your understanding of the supply factors of economicgrowth. (12)
(c) Name the main factors (or problems) that influence the economicdevelopment of a country. (4)
[20]