1.Discuss the three approaches used in measuring the national income of a country and show why they give the same estimates [15mks]
2.Explain how monetary policies are used to influence the performance of an economy [15mks]
3. Illustrate with diagrams the circular flow of income and expenditure in a Three Sectoreconomy. Examine its significance in economic analysis [15mks]
4. a] Citing practical examples, explain the differences between the following types of unemployment listed below and how each affects economic growth:
1] Seasonal and voluntary unemployment [4mks]
11] Disguised and real wage unemployment [4mks]
b] Discuss the measures which can put in place to deal with this phenomenon [8mks]
5. Explain the credit creation capacity of a Commercial Bank and examine its limitations in this process [15mks]
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