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Buss 327: Development Economics And Planning Question Paper

Buss 327: Development Economics And Planning

Course: Bachelor Of Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2010

KENYA METHODIST UNIVERSITY
END OF 1ST TRIMESTER 2010 EXAMINATIONS
SCHOOL: BUSINESS AND MANAGEMENT
DEPARTMENT: BUSINESS ADMINISTRATION
UNIT CODE: BUSS 327
UNIT TITLE: DEVELOPMENT ECONOMICS AND PLANNING
TIME: 2 HOURS

Instructions:
Answer question 1 and any other 2 questions.
Question 1
a) Discuss the prerequisites for successful economic planning. (6 marks)
b) Distinguish the following terms;
i. Economic resources and non-economic resources.
ii. Economic growth and economic development
iii. GDP and GNP
iv. Brain drain and lopsided development
v. Economic integration and free trade. (10 marks)
c) List and explain the four wheels of economic development.
d) Explain the difficulties of using social indicators in measuring economic development (6 marks)

Question 2
a) Discuss the Schumpeter theory and its applicability in developing countries. (10 marks)
b) List any 5 causes of debt problem in developing countries and their alleviation strategies. (10 marks)

Question 3
a) Discuss the need for planning in developing countries and some of the challenges experienced by developing countries in planning. (10 marks)

b) Discuss the Row stow stages of economic development. (10 marks)

Question 4
a) Define the term unemployment and propose some of the policies to combat unemployment for a developing country like Kenya. (10 marks)

b) Explain some of the economic problems that affect countries which mainly rely on Agriculture. (10 marks)

Buss 327: Development Economics And Planning Question Paper

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