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# ECO403 Assignment 01 Fall 2020 Solution / Discussion Due Date: 10-12-2020

ECO403 Assignment 01 Fall 2020 Solution / Discussion Due Date: 10-12-2020

MACROECONOMICS (ECO403)

ASSIGNMENT

DUE DATE: 10th DECEMBER, 2020 MARKS: 10

The Case:

Agricultural sector is very important sector of Pakistan’s economy and is considered the backbone of this economy. Agriculture sector is a major source of revenue collection and employment generation as well. The major crops include wheat, rice, sugarcane, cotton, fruits and vegetables. These crops are also exported in different countries to earn revenues. Different facts and figures of the economy of Pakistan, for three years in three different tables, along with their particular requirement have been given below.

Requirement # 1:

Suppose the Nominal and Real Gross Domestic Product (GDP) for the year 2009, 2010 and 2011 for the economy of Pakistan is given below in the “Table no.1”. Calculate the missing values by using given information.

Table no.1:

 Year Nominal GDP Real GDP GDP deflator Inflation rate 2009 Rs.50000 Rs.50000 100.0 ----------- 2010 Rs.73000 Rs.70000 ? ? 2011 Rs.90000 Rs.85000 ? ?

(Marking scheme: 1+1+1+1)

Requirement # 2:

Suppose the Consumption, Investment, Government expenditures, Net exports and Gross Domestic Product (GDP) for the year 2014 and 2015 for the economy of Pakistan is given below in the “Table no.2”. Calculate the missing values by using given information.

Table no.2

 Items (Rs.) Year 2014 Year 2015 Consumption (C) ? Rs.70,000 Investment (I) Rs.30,000 Rs.40,000 Government expenditures (G) Rs.90,000 Rs.80,000 Net exports (NX) Rs. 10,000 Rs. 20,000 Gross Domestic Product = Y Rs.1,80,0000 ?

(Marking scheme: 2 + 2)

Requirement # 3:

Suppose the adult population, number of unemployed and number of employed persons for the year 2014 for the economy of Pakistan is given below in the “Table no.3”. Calculate the missing values by using given information.

Table no.3:

 Indicators Year 2014 Adult Population 100,0000 No. of unemployed persons 400,000 No. of employed persons 300,000 Labor force ? Labor force participation rate ?

(Marking scheme: 1 + 1)

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### Replies to This Discussion

Our main purpose here discussion not just Solution

Students having same subject can start discussion here to solve assignment, GDB & Quiz and can clear their concepts until solution is provided.

P.S:    Please always try to add the discussion in proper format title like “CS101 Assignment / GDB No 01 Solution & Discussion Due Date: ___________”

Then copy Questions from assignment file and paste in Discussion.

ECO403_Assignment_No_01_Solution_Fall_2020

ECO403_Assignment_No_01_Solution_Fall_2020

...

2010 GDB DEFLATOR =104.28        INFLATION RATE= 4.28%

2011 GDB DEFLATOR =105.88        INFLATION RATE=1.53%

CONSUMPTION RATE=1670000       Y=210000

LABOR FORCE=7LAC                      RATE=70%

Semester Fall 2020

Macroeconomics (ECO403) Assignment # 1

Topic: Data of Macroeconomics

Requirement # 1: Suppose the Nominal and Real Gross Domestic Product (GDP) for the year 2009, 2010 and 2011 for the economy of Pakistan is given below in the “Table no.1”. Calculate the missing values by using given information.

Table # 1:

GDP deflator = Nominal GDP/Real GDP*100, Inflation rate = Lower class – Upper class

 Year Nominal GDP Real GDP GDP deflator Inflation rate 2009 Rs. 50,000 Rs. 50,000 100.0 -------- 2010 Rs. 73,000 Rs. 70,000 104.28 4.28% 2011 Rs. 90,000 Rs. 85,000 105.88 1.53%

Requirement # 2: Suppose the Consumption, Investment, Government expenditures, Net exports and Gross Domestic Product (GDP) for the year 2014 and 2015 for the economy of Pakistan is given below in the “Table no.2”. Calculate the missing values by using given information.

Table # 2:

 Items (Rs) Year 2014 Year 2015 Consumptions © 1,670,000 Rs. 70,000 Investment (I) Rs. 30,000 Rs. 40,000 Government Expenditure (G) Rs. 90,000 Rs. 80,000 Net export (NX) Rs. 10,000 Rs. 20,000 Gross Domestic Product = Y Rs. 1,800,000 Rs. 210,000

Requirement # 3: Suppose the adult population, number of unemployed and number of employed persons for the year 2014 for the economy of Pakistan is given below in the “Table no.3”. Calculate the missing values by using given information.

Table # 3:

 Indicators Year 2014 Adult Population 1,000,000 No. of unemployed person 400,000 No. of employed person 300,000 Labor force 700,000 Labor force Participation rate 70%

ECO403_Assignment_No_01_Solution_Fall_2020

ECO403_Assignment_No_01_Solution_Fall_2020

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