Question: Each question worth 10 points each: 1. Explain the theory, causes and effects of economic growth both for developed economies and less developed economies. 2.

Each question worth 10 points each: 1. Explain the theory, causes and effects of economic growth both for developed economies and less developed economies. 2. The following data represents money from a small Island economy near Fuji. 2a. Define M1 and calculate the value of M1 for this economy using data above? 2b. Define M2 and calculate the value of M2 for this economy using data above? 3. a. List 5 broad categories of Federal government spending. 3b. Discuss each category in full

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