Equilibrium income in the economy is the level of national income at which A the economy is producing at full employment national income. B the inflow and outflow of currency is equal. C the government's expenditure is equal to the government's revenue. D there is no tendency for the national income to change.

Which combination of factors is most likely to result in economic growth?

A country's real national income per head increases. What could explain why this might be accompanied by a fall in ho…

A director becomes redundant as the result of a company merger. His salary was $80 000. He is entitled to an annual p…

What is the most likely purpose of a government making transfer payments, such as social security benefits, to unempl…

Which circumstance is not likely to represent a strong case for an industry to be nationalised?

A country has a fixed exchange rate. What is likely to result in a deterioration in its balance of payments?