(i) Used in assessing performance in different sectors of the economy by noting the contribution by each sector.
(ii) Used in preparing development plans by providing useful information on various sectors.
(iii) To compare standards of living between different years by comparing the per capita incomes between the countries.
(iv) To attract foreign investments/ aid by providing the required information.
(v) To compare standards of living between different countries by comparing their per capita income.
(vi) Assist the government in economic planning by providing useful information on various sectors.
(vii) To determine standards of living of people in the country by calculating the per capita income.
(viii) To determine the rate of economic growth by providing the right information on productivity.
maurice.mutuku answered the question on July 18, 2017 at 08:08
-
What office etiquettes are expected of an office worker?
(Solved)
Mention the office etiquettes expected of an office worker.
Date posted:
July 18, 2017
.
Answers (1)
-
Why would you prefer buying goods from the supermarket instead of the kiosk?
(Solved)
Explain why you would prefer buying goods from the supermarket instead of the kiosk.
Date posted:
July 17, 2017
.
Answers (1)
-
What are the features of a co-operative society?
(Solved)
Give the features of a co-operative society.
Date posted:
July 17, 2017
.
Answers (1)
-
What factors affect the productivity of an office worker?
(Solved)
Highlight the factors that affect the productivity of an office worker.
Date posted:
July 17, 2017
.
Answers (1)
-
What are the uses of a proforma invoice?
(Solved)
List the uses of a proforma invoice.
Date posted:
July 17, 2017
.
Answers (1)
-
What are the purposes of public finance?
(Solved)
Highlight the purposes of public finance.
Date posted:
July 17, 2017
.
Answers (1)
-
What are the characteristics of good money?
(Solved)
Give the characteristics of good money.
Date posted:
July 17, 2017
.
Answers (1)
-
What are the advantages of localization of firms?
(Solved)
List the advantages of localization of firms.
Date posted:
July 17, 2017
.
Answers (1)
-
Mr Kioko is a farmer,under what circumstances may he distribute his products directly to his customers?
(Solved)
Highlight circumstances under which Mr Kioko may distribute his products directly to his customers.
Date posted:
July 17, 2017
.
Answers (1)
-
What factors should a manager bear in mind to ensure that he/ she effectively communicates with the employees?
(Solved)
State factors that a manager should bear in mind to ensure that he/ she effectively communicates with the employees?
Date posted:
July 17, 2017
.
Answers (1)
-
What methods does the Government use to protect consumers?
(Solved)
List methods that the Government uses to protect consumers.
Date posted:
July 17, 2017
.
Answers (1)
-
What are the characteristics of a good filing system?
(Solved)
List the characteristics of a good filing system.
Date posted:
July 17, 2017
.
Answers (1)
-
What statistics are associated with the measurement of National income?
(Solved)
List the statistics that are associated with the measurement of National income.
Date posted:
July 17, 2017
.
Answers (1)
-
What are the differences between chain stores and departmental stores?
(Solved)
List the differences between chain stores and departmental stores.
Date posted:
July 17, 2017
.
Answers (1)
-
What are the functions of entrepreneurs in the production of goods and services?
(Solved)
Highlight the functions of entrepreneurs in the production of goods and services.
Date posted:
July 17, 2017
.
Answers (1)
-
Why does the Kenyan government encourage the development of small business enterprises?
(Solved)
Give reasons why the Kenyan government encourages the development of small business enterprises.
Date posted:
July 17, 2017
.
Answers (1)
-
In what ways does the Central Bank act as a banker to the government?
(Solved)
Give ways in which Central Bank acts as a banker to the government.
Date posted:
July 17, 2017
.
Answers (1)
-
What types of resources are important in Business?
(Solved)
List types of resources that are important in Business.
Date posted:
July 17, 2017
.
Answers (1)
-
Under what circumstances is personal selling appropriate?
(Solved)
List circumstances under which personal selling is appropriate.
Date posted:
July 17, 2017
.
Answers (1)
-
Why do people engage in Business activities?
(Solved)
Give reasons why people engage in Business activities.
Date posted:
July 17, 2017
.
Answers (1)