(a) Explain what is meant by the terms own price, income and cross elasticities of demand. (9 marks) (b) How and when is the concept of […]

a) Discuss the different approaches used in the measurement of the National Income of a country. (6 marks) b) The Economic Advisory Department of Examland has […]

The number of plumbing repair jobs by Joy Plumbing Service in each of the last nine months in Miami town are listed below: Month Jobs March […]

(i) Give some examples of the type of data that form a normal distribution. (ii) Under what conditions can the normal distribution be used as an […]

The directors of Totale engineering Company Limited presented the following Profit and Loss for the year ended 31 December 2005: Sh. Revenues Sales Interest on Government […]

You are carrying out the audit of ACB Computers limited for the year ended 31 December 2003. The company assembles microcomputers purchased from the Far East […]

A manager is convinced that a new type of machine does not affect production at the company‟s major shop floor. In order to test this, 12 […]

Prior to an advertising campaign, 35 percent of a sample of 400 housewives used a certain product. After the campaign, 40 percent of a second sample […]

Outline how each of the following may contribute to economic growth and development in developing countries: i. Domestic economic governance and transparency. (5 marks) ii. Activities […]