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MACROECONOMICS (ECO403)

ASSIGNMENT

DUE DATE: 21ST  NOVEMBER, 2019 MARKS: 10

The Case:

Malaysia is a country of Southeast Asia enriched with natural resources. Besides this, it is famous country for coastal tourism. Exports of Malaysia are palm oil, coconut oil, rubber and gas. Total Population of this country is

32.6 million in year 2019.

 

 

Part A:

Suppose the Nominal Gross Domestic Product and Real Gross Domestic Product for three years of the economy of Malaysia are given below. Calculate Gross Domestic Product Deflator in the given table.

 

Years

Nominal GDP

Real GDP

GDP Deflator

2001

Rs 35,000

Rs 23,000

???

2002

Rs 45,000

Rs 37,000

???

 

(Marking scheme: 1 + 1)

Part B:

Suppose the Consumption, Government expenditures, Net exports and Gross Domestic Product (GDP) for the years 2007 and 2008 are given below. Complete the missing values by using information given in the table.

 

Items (Rs.)

Year 2007

Year 2008

Consumption (C )

3,00,000

5,00,000

Government expenditures (G)

1,00,000

2,70,000

Gross Domestic Product (GDP) = Y= Total output

7,70,000

9,00,000

National saving

????

???

 

(Marking scheme: 1 + 1)

Part C:

Suppose the consumption, investment, Government expenditures, Net exports and Gross Domestic Product (GDP) for the years 2009, 2010 and 2011 are given below. Complete the missing values by using information given in the table.

 

Items (Rs.)

Year 2009

Year 2010

Year 2011

Consumption (C)

 ????

Rs.70000

Rs.80000

Investment (I)

Rs.50000

Rs.40000

?????

Government expenditures (G)

Rs.10000

Rs.12000

Rs.15000

Net exports (NX)

Rs. 11000

Rs. 10000

Rs. 11000

Gross Domestic Product = Y

Rs.1,31000

?????

Rs.1,76,000

 

 

(Marking scheme: 2 + 2 + 2)

required solution 

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