a. What is public debt?

b. Outline any three reasons why counties borrow.

c. Highlight any three effects of a huge national debt on the economy of a country.

a. Distinguish between:
i. Growing population and a declining population

ii. overpopulation and underpopulation.

b. Explain any four disadvantages of a rapidly growing population in an economy
 

Which of the following is central to the definition of Economics?

When the production possibility curve shifts outwards, the economy experiences

Land as a factor of production is made useful through the