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ECONOMICS (ECO415)PAST YEAR QUESTION

 JUNE 2014CREATED BY:

SITI NURAZLINDA BINTI MOHD ZAKARIA

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QUESTION 2

a) Defne economic growth. How can economic growth be measured

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6 R*+. 7DP #! Y*+% 18 R*+. 7DP #! Y*+% 0 9 100

  R*+. 7DP #! Y*+% 0b) !ased on the artic"e# "ist three $%) cha""enges to achie&e 'ositi&e economic

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c) (hat is the meaning o an o'en econom* E+'"ain.

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 d) Defne in,ation. !ased on 'aragra'h - "ist two $2) actors that can in,uenc

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e) How can in,ation be measure (ith aid o a diagram# brie,* e+'"a$) t*'e o in,ation.

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PART BQUESTION

a) E+'"ain basic economic conce'ts. 0i&e e+am'"es.

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c) E+'"ain two $2) determinants o 'rice e"asticit* o demand.

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QUESTION %

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c#+. %3.*" /c + %/$ +#c'#! +! %33*% I! "* c/!'%

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$ +! *%-#c* %/c* 3 '* c/!'% (#' 7DP)

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