We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>

www.vustudents.ning.com

Looking For Something at vustudents.ning.com? Click Here to Search

 www.bit.ly/vucodes + Link For Assignments, GDBs & Online Quizzes Solution www.bit.ly/papersvu + Link For Past Papers, Solved MCQs, Short Notes & More

Dear Students! Share your Assignments / GDBs / Quizzes files as you receive in your LMS, So it can be discussed/solved timely. Add Discussion

How to Add New Discussion in Study Group ? Step By Step Guide Click Here.

# ECO403 - Macroeconomics Assignment No. 01 Solution and Discussion Fall 2013 Due Date 30-11-2013

The Case:
Suppose an Asian team of economists visit North Africa to analyze the economic
behavior of the people of North Africa during 1990s. After identifying the targets,
economists select Sudan one of the countries of North Africa. In 1991 and 1992,
the labor force was 700000 and 900000 respectively. Furthermore, they are unable
to get complete data. The data was in the shape of graph and incomplete tables
as follows:

Y-axis= Nominal GDP

In addition incomplete data is creating the crippled situation for the team. So,
economists compile a few questions. Being a student of economics, how can you
solve these given questions?
Requirements:
Using the above data, calculate:
a. National saving for the year 1991 and 1992
b. Nominal interest rate for the year 1990
c. GDP deflator for the year 1990
d. Unemployment rate for the year 1991
Note: Write down formula and all relevant steps involved in calculations. The
values of Nominal GDP and inflation rate should be taken from the relevant
graphs.
Marks: (8+4+4+4)
IMPORTANT:
24 hours extra / grace period after the due date is usually available to overcome
uploading difficulties. This extra time should only be used to meet the emergencies
and above mentioned due dates should always be treated as final to avoid any
inconvenience.
IMPORTANT INSTRUCTIONS
 Make sure to upload the solution file before the due date on VULMS.
 Any submission made via email after the due date will not be accepted.
FORMATTING GUIDELINES:
 Use the font style “Times New Roman” or “Arial” and font size “12”.
 It is advised to compose your document in MS-Word format.
 You may also compose your assignment in Open Office format.
 Use black and blue font colors only.
RULES FOR MARKING
Please note that your assignment will not be marked, if:
 It is submitted after the due date.
 The file you uploaded does not open or is corrupt.
 It is in any format other than MS-Word or Open Office; e.g. Excel,
PowerPoint, PDF etc.
 It is cheated or copied from other students, internet, books, journals etc.
Note related to load shedding: Please be proactive
Dear students!
As you know that Pre Mid-Term semester activities have started and
load shedding problem is also prevailing in our country. Keeping in
view the fact, you all are advised to post your activities as early as
possible without waiting for the due date. For your convenience; activity
schedule has already been uploaded on VULMS for the current
semester, therefore no excuse will be entertained after due date of
assignments, quizzes or GDBs.

+ How to Join Subject Study Groups & Get Helping Material?

+ How to become Top Reputation, Angels, Intellectual, Featured Members & Moderators?

+ VU Students Reserves The Right to Delete Your Profile, If?

See Your Saved Posts Timeline

Views: 2565

.

+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

### Replies to This Discussion

(Nominal interest rate) i = r + by (inflation rate)

MACROECONOMICS (ECO403)

ASSIGNMENT NO. 01

1. a.  National saving for the year 1991 and 1992

National saving= public savings +private savings

National saving for the year 1991

=900+670=1570

National saving for the year 1992

=910+690=1600

c. GDP deflator for the year 1990

GDP deflator=       Nominal GDP/ Real GDP*100

GDP deflator=       6000 /3500*100

=171.42

d. Unemployment rate for the year 1991

Number of unemployed / Labor force*100

75000/700000*100=10.71

1. A.      CALCULATE NATIONLA SAVING FOR THE YEAR 1991 AND 1992

National savings:

National savings =   public savings +   private savings

1. B.      NOMINAL INTREST RATE FOR THE YEAR 1990

i = nominal interest rate

R = real interest rate

i = r +

I  = 4  + 6                                                                             = 10

1.

Nominal GDP / real GDP *100

=6000/3500 * 100                                                          = 171.4

No. of un-employed / labour force *100

= 75000/ 700000 *100                                                    =10.7%

i hope it will help u to understand any inconvenience or misconception about calculations.

i think ker skaty hein but it does not make difference

National saving for 1991 = 1570

National saving for 1992 = 1600

d. Unemployment rate for the year 1991 = 18 %

bhaiooo n behnoo answer match karooooooooo

please show the calculations how you get 18% unemployment rate?

10 % hia ghalti sy 18 likh diya

its ok!

MACROECONOMICS (ECO403)

ASSIGNMENT NO. 01

1. a.  National saving for the year 1991 and 1992

National saving= public savings +private savings

National saving for the year 1991

=900+670=1570

National saving for the year 1992

=910+690=1600

c. GDP deflator for the year 1990

GDP deflator=       Nominal GDP/ Real GDP*100

GDP deflator=       6000 /3500*100

=171.42

d. Unemployment rate for the year 1991

Number of unemployed / Labor force*100

75000/700000*100=10.71

ap wrong ahan

b. Nominal interest rate for the year 1990

Nominal interest rate =real interest rate+ inflation rate

Real interest rate =4%

Total savings for the year 1990 =700+500

=1300

=4/100*1300=52

=52+6=58

Parishey mojy ye ni samj ai k national  saving 8 no ka hy or ap ny to 2 no ka kar diya hy  mojy to uncomplicated lag raha hy kuch mojy samj ni a rahi hy

## Latest Activity

Maham Raza. liked +¢αяєℓєѕѕ gιяℓ's discussion پردہ
9 minutes ago
Maham Raza. replied to +¢αяєℓєѕѕ gιяℓ's discussion پردہ
9 minutes ago
Haroon Bahadar liked Asghar Shah's discussion ONLINE EARNING JOBS REQUIRED
4 hours ago
Haroon Bahadar liked Asghar Shah's discussion ONLINE EARNING JOBS REQUIRED
4 hours ago
Asima Mughal added a discussion to the group MTH601 Operations Research

### MTH 601 Assignment#1 solution due date is 8-6-2020

4 hours ago
4 hours ago
Asima Mughal and + Sabila Khan joined +M.Tariq Malik's group

### MTH601 Operations Research

4 hours ago
Amar Butt joined +M.Tariq Malik's group

### CS205 Information Security

4 hours ago
4 hours ago
4 hours ago
naila mukhtar joined +M.Tariq Malik's group

4 hours ago
4 hours ago

1

2

3