(i) Not included in national income because it is paid out of compensation of employees which is already included in national income.
(ii) Not included in national income in the year of actual payment because it was already counted as pension during the period when the person was employed / because it is a deferred payment.
marlinbito answered the question on May 12, 2018 at 13:04
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Explain how ‘non-monetary exchanges’ are a limitation in taking GDP as an index of welfare.
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Explain how ‘non-monetary exchanges’ are a limitation in taking GDP as an index of welfare.
Date posted:
May 12, 2018
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State the Say’s Law of markets.
Date posted:
May 12, 2018
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State the two components of money supply
Date posted:
May 12, 2018
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May 12, 2018
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Market for a good is in equilibrium. There is “increase” in supply of the good. Explain the chain of effects of this change
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Market for a good is in equilibrium. There is “increase” in supply of the good. Explain the chain of effects of this change
Date posted:
May 12, 2018
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Explain the distinction between ‘’change in quantity supplied” and “change in supply”
(Solved)
Explain the distinction between ‘’change in quantity supplied” and “change in supply”
Date posted:
May 12, 2018
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(Solved)
Define marginal cost. Explain its relation with average cost
Date posted:
May 12, 2018
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(Solved)
Explain how changes in prices of inputs influence the supply of a product.
Date posted:
May 12, 2018
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(Solved)
What does the Law of Variable proportions show? State the behaviour of marginal product according to this law
Date posted:
May 12, 2018
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Answers (1)
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Due to the increase in population the demand for agricultural land has” increased”. But the supply of agricultural land is fixed. Explain two methods...
(Solved)
Due to the increase in population the demand for agricultural land has "increased". But the supply of agricultural land is fixed. Explain two methods by which the demand for land can be “decreased”
Date posted:
May 12, 2018
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(Solved)
Explain the implications of the feature ‘barriers to entry’ under monopoly
Date posted:
May 12, 2018
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Explain the implications of the feature’ homogeneous products in a perfectly competitive market.
(Solved)
Explain the implications of the feature’ homogeneous products in a perfectly competitive market.
Date posted:
May 12, 2018
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(Solved)
Distinguish between explicit costs and implicit costs and give examples.
Date posted:
May 12, 2018
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Date posted:
May 12, 2018
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Use real time illustrations to discuss how various demographic dispositions impact on economic performance of a least developed country.
(Solved)
Use real time illustrations to discuss how various demographic dispositions impact on economic performance of a least developed country.
Date posted:
May 12, 2018
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Explain the superiority of Optimum Population Theory over The Malthusian Population Theory
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Explain the superiority of Optimum Population Theory over The Malthusian Population Theory.
Date posted:
May 12, 2018
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Discuss FIVE causes of poverty in Less developing countries.
Date posted:
May 12, 2018
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(Solved)
Describe the Neo-Marxist theory of economic development
Date posted:
May 12, 2018
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Collective bargaining offers many advantages to employers, workers and society at large. Explain the importance of collective bargaining.
(Solved)
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Date posted:
May 11, 2018
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Discuss FIVE roles of industrial sector in economic development of a nation
(Solved)
Discuss FIVE roles of industrial sector in economic development of a nation.
Date posted:
May 11, 2018
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Answers (1)