a)Define National income(2marks)

b)Outline any three approaches used in measuring National income (6mark)

c)List any characteristics of money that makes it sustain to be as a medium of
exchange (5marks)

d)Define international trade(3marks)

e)What are the reasons for development of international trade? (5marks)

f)Give reasons for protectionism (5marks)

g)Explain ways of restricting international trade (4marks)

 

 

 

 

 

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