a) Define macroeconomics. (2 marks)

b) ExplainFIVE (5)macroeconomics objectives from the conventional perspective. (10 marks)

c) DiscussFOUR (4)differences between microeconomics and macroeconomics. (8 marks)

Question 2(20 marks)

a) Define Gross Domestic Product (GDP). (2 marks)

b) Using appropriate examples, discussFIVE (5)problems encountered in calculating the national income.(10 marks)

c) ExplainFOUR (4)uses of national income statistics. (8 marks)

Question 3(20 marks)

a) Explain the following concepts: (6 marks)

• Personal Income
• Disposable Income
• Per Capita Income

b) ElaborateFIVE(5)factors that will affect investment. (10 marks)

c) Explain the Keynesian consumption function (4 marks