A basic definition of a balanced budget is a situation where there is equality between government revenue, mostly from taxation, and government expenditure. However it would be unrealistic and probably undesirable for the government to attempt to achieve this on a permanent basis.
lydiajane74 answered the question on July 4, 2018 at 08:16
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Analyse why an economy’s aggregate demand curve slopes downwards from left to right.
(Solved)
Analyse why an economy’s aggregate demand curve slopes downwards from left to right.
Date posted:
July 4, 2018
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Answers (1)
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Explain the main components of aggregate demand
(Solved)
Explain the main components of aggregate demand
Date posted:
July 4, 2018
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Answers (1)
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What's the relationship between scarcity, choice and opportunity cost
(Solved)
What's the relationship between scarcity, choice and opportunity cost
Date posted:
July 2, 2018
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Answers (1)
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Describe secondary workings, primary standards, secondary standards and and international units
(Solved)
Describe secondary workings, secondary standards, primary standards and international units
Date posted:
June 28, 2018
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Answers (1)
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Outline the causes of depletion of natural resources.
(Solved)
Outline the causes of depletion of natural resources.
Date posted:
June 27, 2018
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Answers (1)
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State and explain classification of natural resources
(Solved)
State and explain classification of natural resources
Date posted:
June 27, 2018
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Answers (1)
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Explain the soft and hard Human Resource Management Models
(Solved)
Explain the soft and hard Human Resource Management Models.
Date posted:
June 25, 2018
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Answers (1)
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Elaborate on four qualities of a good human resource professional
(Solved)
Elaborate on four qualities of a good human resource professional.
Date posted:
June 25, 2018
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Answers (1)
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The following data relate to the economy of XYZ
(Solved)
The following data relate to the economy of XYZ
Shilling “million”
Investment 4,000
Government Spending 10,000
Autonomous consumption 8,000
Net exports 3,600
The marginal propensity to save of the economy of country XYZ is 0.4
Required:
The consumption function of the economy. (1 marks)
The equilibrium level of income in the economy. (3 marks)
Date posted:
June 21, 2018
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Answers (1)
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One way of facilitating the rate of a country's economic growth is through external borrowing. Explain the advantages of such borrowing
(Solved)
One way of facilitating the rate of a country's economic growth is through external borrowing. Explain the advantages of such borrowing.
Date posted:
June 14, 2018
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Answers (1)
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Differentiate between positive and normative economics.
(Solved)
Differentiate between positive and normative economics.
Date posted:
June 2, 2018
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Answers (1)
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State and explain types of efficiencies.
(Solved)
State and explain types of efficiencies.
Date posted:
June 2, 2018
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Answers (1)
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Name the basic goals of development
(Solved)
Name the basic goals of development.
Date posted:
May 29, 2018
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Answers (1)
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Explain the modernization theories of underdevelopment
(Solved)
Explain the modernization theories of underdevelopment
Date posted:
May 29, 2018
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Answers (1)
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What does the term development indicate in a political sense?
(Solved)
What does the term development indicate in a political sense?
Date posted:
May 29, 2018
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Answers (1)
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What does development indicate in economic terms?
(Solved)
What does development indicate in economic terms?
Date posted:
May 29, 2018
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Answers (1)
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State and explain forms of specialization
(Solved)
State and explain forms of specialization.
Date posted:
May 29, 2018
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Answers (1)
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Explain the understanding of the term development
(Solved)
Explain the understanding of the term development.
Date posted:
May 29, 2018
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Answers (1)
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Explain the term ‘marginal rate of technical substitution’ as used in Economics
(Solved)
Explain the term ‘marginal rate of technical substitution’ as used in Economics.
Date posted:
May 21, 2018
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Answers (1)
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Despite the merits acquired from globalization, there are also demerits. Explain briefly four demerits of globalization.
(Solved)
Despite the merits acquired from globalization, there are also demerits. Explain briefly four demerits of globalization.
Date posted:
May 21, 2018
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Answers (1)