Question 1
a)Explain in details the difference between economic growth and economic development (10 marks)
b)State and explain the benefits and cost of economic growth (15 marks)
Question 2
Citing examples where applicable,discuss in detail the implications of technological progress for the development in economy. (25 marks)
Question 3
Discuss in detail,citing examples where possible,why a well functioning market system is necessary but not sufficient for attaining sustainable economic development (25 marks)
Question 4
a)explain how the following factors might lead to poverty
i)Corruption (2 marks)
ii)Environmental degradation (3 marks)
iii)Social and income inequality (5 marks)
b)Discuss the implications of poverty alleviation programes for the growth and development of economy (15 marks)
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