4 September, 2024
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IMPORTANT QUESTIONS;
TEN MARKS QUESTIONS
- explain the uses and limitations of macro economics.
- explain the circular flow of national income in two and three sector economy.
- explain the classical theory of employment.
- briefly explain the Keynesian psychological law of consumption.
- what is business cycle. explain the phases of business cycle.
- briefly explain Schumpeter’s innovation theory of trade cycle.
- explain the merits and demerits of direct tax.
- explain merits and demerits of indirect tax.
- explain the causes for increasing public expenditure in recent years.
- explain the types of public expenditure.
SIX MARKS QUESTIONS
- importance of estimation of national income.
- need of social accounting
- multiplier theory
- liquidity preference theory of interest.
- control of business cycle
- Hawtrey’s theory of business cycle.
- principles of taxation or canons of taxation.
- effects of tax
- methods of repayment of public debt.
- effects of public expenditure.
Category: ECONOMICS 6