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Development Economics  Question Paper

Development Economics  

Course:Bachelor Of Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2008



Answer Question One In Section A And Any Other Two Question In Section B
SECTION A

Question 1
a) Differentiate between the following
i. Economic growth and economic development (2marks)
ii. Gdp and Gnp (2marks)
iii. Urban unemployment and urban dualism (2marks)
b) Describe the Hirschman unbalanced growth theory and its relevance to the implementation of the Kenyan vision 2030 (10marks)
c) What is the difference between laspyers and paache growth rates (2marks)
d) State and explain five roles of the state in economic development (10marks)
e) State four ways of economic integration(2marks)

SECTION B
Question 2
a) State the two factors which are determinants of economic growth (2marks)
b) Explain three components of the two main factors mentioned in (a) above ()18marks

Question 3
The economic technological cultural and political backwardness are the main characteristics of LDC’s.Do you agree? Discuss (20marks)

Question 4
a) state and explain the Malthusian theory of economic development (15marks)
b) What are the limitation of this theory (5marks)

Question 5
People in LDCs have always argued that agriculture has kept them poor therefore the need to promote and develop local industries in these economies. Do you agree? Discuss (20marks)




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