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3 marksNational Income Accounting

CSEC Economics · May/June 2009 · Paper 2 · Question 5(a)

Section II contains optional questions; candidates answer any two.

List the THREE methods of measuring national income.

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Other parts of this question

  1. 5(b)Outline TWO factors that influence savings.[4 marks]
  2. 5(c)Using a supply and demand diagram, explain why unemployment resulted from a labour union successfully negotiating higher wages.[5 marks]
  3. 5(d)(i)Distinguish between 'economic growth' and 'economic development'.[4 marks]
  4. 5(d)(ii)Outline TWO factors that influence economic growth in a named Caribbean territory.[4 marks]

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