Eco403 Assignment 1% Solution Definition

AMNA ABDULREHMAN

MC120403490

ASSIGNMENT NO 1

ECO 403

QUESTION ː A

Gross Domestic Product (GDP) for year 2007.?

ANSWER

                        Formula

Y= C+I+G+NX  

=1700+100+700

                                                           =   2500

NX (means net export –import)

                                            (250-450)     =   -200

                                             = 2500-200

                                                    = 2300 ans.

QUESTION ː B

Net exports (NX) for year 2008?

ANSWERː

                                  Net exports =exports - imports

=450-750

= -300 ans.

QUESTION ːC

 Unemployment rate for the year 2007 and 2008?

ANSWERː

                                    Calculation for 20007

                                           number of unemployment / Total labor force *100

= 79000/700000

                                                                    =0.1129 ans.

                                           Calculation for 2008

                                    number of unemployment / Total labor force *100

= 49000/800000       

= 0.0613 ans.

QUESTION ː D

GDPdeflator for the year 2008 if realGDPand NominalGDPfor this year are RS.2500
million and Rs.2650 million respectively.?

ANSWERː

                                GDP deflator  = nominal GDP / Real GDP * 100

                                                =      2650/2500*100

                                                 = 106 . GDPDEFLATOR ans.

                                                                                                                     .

 is it correct???/?

Забудьте об. Поехали. Свет от фары пробежал по цементным стенам.

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