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DUE DATE:12 APRIL 2012

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PARIZAD ITS RYT sOLTION NA ??????????????????/

              SEMESTER SPRING 2012

             Macroeconomics (ECO403)

                   Assignment No. 01

Due Date: 12th April, 2012                                                             Marks: 15

                                                                               

                                                                               

Assignment:

Chad is under developed country located in Central Africa. Landlocked Chad’s

Economic development suffers from its geographic remoteness, lack of infrastructure,

Lack of basic necessities and political turmoil. About 85 % of the population depends on

The agriculture including the herding of livestock. Because of weak agricultural

Economy, majority of the people belong to middle class and live in cottages. Suppose,

During year 2007, among total population, 5 billion people were unemployed and 175

Billion people were employed. During the same year, people consumed durable goods

Worth Rs.300, non-durable goods worth Rs.500 and services worth Rs.300. In this year,

Government planned to develop the economy and used Rs.900 for government

Expenditures. This amount was used for education expenditures, health expenditures,

For discovering new oil resources and for industrial sector seriously. These decisions

Not only improved the sectors mentioned above but also stimulated the business

Investment. Businessmen invested Rs.300 for the development of their business and

Used new technology and ways. Government expenditures and businessmen

Investment affected the international trade positively. In this year, Chad exported crude

Oil, processed meat and cotton for Rs.350 and imported commodities for domestic use

Of worth Rs.150. Next year, China and USA invested in the oil sector and built refineries.

This project solved the problem of unemployment for the year 2008, by virtue of this,

Unemployed and employed values were 3 billion and 187 billion respectively.

Requirements:

Use the above data to calculate Chad’s:

a. Gross domestic product (GDP) for year 2007.

b. Net exports (NX) for year 2007.

c. Labor force for year 2007 and 2008.

d. Unemployment rate for year 2007 and 2008.

e. GDP deflator for year 2007 if real GDP during this year is Rs.2100.

Marks: (4+2+3+3+3)

 

 

ANSWER:

“Chad is under developed country located in Central Africa”.

DATA:

For the year 2007:

Unemployed Population                        5 billion

Employed Population                            175 billion

Consumed durable goods                      Rs.300

Consumed Non-durable goods              Rs.500

Services                                                    Rs.300

Government Expenditures                    Rs.900

Business Investment                               Rs.300

Exports                                                    Rs.350

Imports                                                    Rs.150

 

For year 2008:

Unemployed Population                        3 billion

Employed Population                            187 billion

 

 

A)    GROSS DOMESTIC PRODUCT (GDP) FOR YEAR 2007:

Solution:

Consumed durable goods                     Rs.300

Consumed Non-durable goods             Rs.500

               Services                                                  Rs.300

               Government Expenditures                   Rs.900

               Business Investment                              Rs.300

               Exports   (EX)                                        Rs.350

               Imports   (IM)                                         Rs.150

                                                                                      

FORMULA FOR GDB:

                                  Y = C + I + G + NX

Where

                      Y = GDP = Value of Total Output

            C + I + G + NX = Aggregate Expenditure

                                

                           C=Rs.300+Rs.500+Rs.300

                              =Rs.1100

 

                        NX=Total Exports -Total Imports

                             =Rs.350-Rs.150

                             =Rs.200

Now

 

By applying

                        Y = C + I + G + NX

                          =Rs.1100+Rs.300+Rs.900+Rs.200

                          =Rs.2500

     

 

 

 

 

 

 

B). NET EXPORTS (NX) FOR YEAR 2007:

 

FORMULA:

                       NX= Total Exports -Total Imports

 

By applying

                       NX=EX-IN

                             =Rs.350-Rs.150

                             =Rs.200

 

     

 

 

 

 

 

C).LABOR FORCE FOR YEAR 2007 AND 2008:

    

         LABOR FORCE                                                         2007                           2008

    Unemployed Population                                                 5 billion                     3 billion

      Employed Population                                                  175 billion                 187 billion

                     Total                                                               180 billion                 190 billion

 

       

 

 

 

 

D). UNEMPLOYMENT RATE FOR YEAR 2007 AND 2008:

                 FORMULA:

                                     Unemployment Rate = Number of Unemployed x 100

                                                                                     Labor Force

              

          BY APPALYING

                  UNEMPLOYMENT RATE FOR YEAR 2007:

                                   Unemployment Rate = Number of Unemployed x 100

                                                                                     Labor Force

     

                                                                         =5/180*100

                                                                         =2.778%

                                                                            

 

        UNEMPLOYMENT RATE FOR YEAR 2008:

                                   Unemployment Rate = Number of Unemployed x 100

                                                                                     Labor Force

                               

                                                                         =3/190*100

                                                                          =1.579%

       

                                                  

         E).GDP DEFLATOR FOR YEAR 2007:

                 IF

                          REAL GDP DURING THIS YEAR IS RS.2100;

                          NOMINAL GDB FOR YEAR 2007 IS RS.2500

              

  FORMULA:

                                             GDP Deflator = Nominal GDP × 100

                                                                            Real GDP

          

By Appling

                                                GDP Deflator = Nominal GDP × 100

                                                                                       Real GDP

 

                                                                                 =2500/2100*100

                                                                                 =Rs.119.04

                                                                         

       

 eco403 assignmnt solution

ANSWER:
“Chad is under developed country located in Central Africa”.
DATA:
For the year 2007:
Unemployed Population 5 billion
Employed Population 175 billion
Consumed durable goods Rs.300
Consumed Non-durable goods Rs.500
Services Rs.300
Government Expenditures Rs.900
Business Investment Rs.300
Exports Rs.350
Imports Rs.150

For year 2008:
Unemployed Population 3 billion
Employed Population 187 billion


A) GROSS DOMESTIC PRODUCT (GDP) FOR YEAR 2007:
Solution:
Consumed durable goods Rs.300
Consumed Non-durable goods Rs.500
Services Rs.300
Government Expenditures Rs.900
Business Investment Rs.300
Exports (EX) Rs.350
Imports (IM) Rs.150

FORMULA FOR GDB:
Y = C + I + G + NX
Where
Y = GDP = Value of Total Output 
C + I + G + NX = Aggregate Expenditure

C=Rs.300+Rs.500+Rs.300
=Rs.1100

NX=Total Exports -Total Imports
=Rs.350-Rs.150
=Rs.200
Now 

By applying
Y = C + I + G + NX
=Rs.1100+Rs.300+Rs.900+Rs.200
=Rs.2500







B). NET EXPORTS (NX) FOR YEAR 2007:

FORMULA:
NX= Total Exports -Total Imports

By applying
NX=EX-IN
=Rs.350-Rs.150
=Rs.200







C).LABOR FORCE FOR YEAR 2007 AND 2008:

LABOR FORCE 2007 2008
Unemployed Population 5 billion 3 billion
Employed Population 175 billion 187 billion
Total 180 billion 190 billion






D). UNEMPLOYMENT RATE FOR YEAR 2007 AND 2008:
FORMULA:
Unemployment Rate = Number of Unemployed x 100
Labor Force

BY APPALYING
UNEMPLOYMENT RATE FOR YEAR 2007:
Unemployment Rate = Number of Unemployed x 100
Labor Force

=5/180*100
=2.778%


UNEMPLOYMENT RATE FOR YEAR 2008:
Unemployment Rate = Number of Unemployed x 100
Labor Force

=3/190*100
=1.579%


E).GDP DEFLATOR FOR YEAR 2007:
IF
REAL GDP DURING THIS YEAR IS RS.2100;
NOMINAL GDB FOR YEAR 2007 IS RS.2500

FORMULA:
GDP Deflator = Nominal GDP × 100
Real GDP

By Appling
GDP Deflator = Nominal GDP × 100
Real GDP

=2500/2100*100
=Rs.119.04

ANSWER:
“Chad is under developed country located in Central Africa”.
DATA:
For the year 2007:
Unemployed Population 5 billion
Employed Population 175 billion
Consumed durable goods Rs.300
Consumed Non-durable goods Rs.500
Services Rs.300
Government Expenditures Rs.900
Business Investment Rs.300
Exports Rs.350
Imports Rs.150

For year 2008:
Unemployed Population 3 billion
Employed Population 187 billion


A) GROSS DOMESTIC PRODUCT (GDP) FOR YEAR 2007:
Solution:
Consumed durable goods Rs.300
Consumed Non-durable goods Rs.500
Services Rs.300
Government Expenditures Rs.900
Business Investment Rs.300
Exports (EX) Rs.350
Imports (IM) Rs.150

FORMULA FOR GDB:
Y = C + I + G + NX
Where
Y = GDP = Value of Total Output 
C + I + G + NX = Aggregate Expenditure

C=Rs.300+Rs.500+Rs.300
=Rs.1100

NX=Total Exports -Total Imports
=Rs.350-Rs.150
=Rs.200
Now 

By applying
Y = C + I + G + NX
=Rs.1100+Rs.300+Rs.900+Rs.200
=Rs.2500







B). NET EXPORTS (NX) FOR YEAR 2007:

FORMULA:
NX= Total Exports -Total Imports

By applying
NX=EX-IN
=Rs.350-Rs.150
=Rs.200







C).LABOR FORCE FOR YEAR 2007 AND 2008:

LABOR FORCE 2007 2008
Unemployed Population 5 billion 3 billion
Employed Population 175 billion 187 billion
Total 180 billion 190 billion






D). UNEMPLOYMENT RATE FOR YEAR 2007 AND 2008:
FORMULA:
Unemployment Rate = Number of Unemployed x 100
Labor Force

BY APPALYING
UNEMPLOYMENT RATE FOR YEAR 2007:
Unemployment Rate = Number of Unemployed x 100
Labor Force

=5/180*100
=2.778%


UNEMPLOYMENT RATE FOR YEAR 2008:
Unemployment Rate = Number of Unemployed x 100
Labor Force

=3/190*100
=1.579%


E).GDP DEFLATOR FOR YEAR 2007:
IF
REAL GDP DURING THIS YEAR IS RS.2100;
NOMINAL GDB FOR YEAR 2007 IS RS.2500

FORMULA:
GDP Deflator = Nominal GDP × 100
Real GDP

By Appling
GDP Deflator = Nominal GDP × 100
Real GDP

=2500/2100*100
=Rs.119.04

Due Date: 12th April, 2012 Marks: 15
Assignment:
Chad is under developed country located in Central Africa. Landlocked Chad’s
economic development suffers from its geographic remoteness, lack of infrastructure,
lack of basic necessities and political turmoil. About 85 % of the population depends on
the agriculture including the herding of livestock. Because of weak agricultural
economy, majority of the people belong to middle class and live in cottages. Suppose,
during year 2007, among total population, 5 billion people were unemployed and 175
billion people were employed. During the same year, people consumed durable goods
worth Rs.300, non-durable goods worth Rs.500 and services worth Rs.300. In this year,
government planned to develop the economy and used Rs.900 for government
expenditures. This amount was used for education expenditures, health expenditures,
for discovering new oil resources and for industrial sector seriously. These decisions
not only improved the sectors mentioned above but also stimulated the business
investment. Businessmen invested Rs.300 for the development of their business and
used new technology and ways. Government expenditures and businessmen
investment affected the international trade positively. In this year, Chad exported crude
oil, processed meat and cotton for Rs.350 and imported commodities for domestic use
of worth Rs.150. Next year, China and USA invested in the oil sector and built refineries.
This project solved the problem of unemployment for the year 2008, by virtue of this,
unemployed and employed values were 3 billion and 187 billion respectively.
Requirements:
Use the above data to calculate Chad’s:
a. Gross domestic product (GDP) for year 2007.
b. Net exports (NX) for year 2007.
c. Labor force for year 2007 and 2008.
d. Unemployment rate for year 2007 and 2008.
e. GDP deflator for year 2007 if real GDP during this year is Rs.2100.
Marks: (4+2+3+3+3)

YA 99.99% PRINCESS

ECO403 Assignment No 1 Spring 2012 Solution

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