Question 1:
Illustrate out what Economic growth is and explain its relationship with standard of living?
Question 2:
Suppose you’re the government economist, what policy measures you’re likely to take in promoting economic growth in Mauritius?
Question 3:
What do you mean by Fiscal Policy? Also describe the instruments of Fiscal Policy
Question 4:
How is the operation of fiscal policy supposed to influence the level of economic activity in an economy?
Question 5:
Make a distinction carefully between public and merit goods; illustrate the characteristics and illustrations to support your arguments.
Question 6:
Why might the provision of such goods not be left totally to private enterprise?