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

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.

DUE DATE: 07TH MAY, 2013

MARKS: 20

ASSIGNMENT:

The Case:

Gambia is a country located in West Africa. It is surrounded by Senegal, apart from a short strip

of Atlantic coastline at its western end. It is the smallest country on mainland Africa. Major

exportable products are fish, cotton, peanuts and peanuts products and its exports partners are

Hong Kong, Spain and France while importable items are fuel, machinery and manufacturing.

Agriculture accounts for 25% of Gross Domestic Product and employs 70% of the total labor

force. Hypothetical data on growth rate, inflation, population and labor force of Gambian

economy for year 2007 and 2008 is given below:

Years Growth rate Inflation rate Population Labor force Unemployed

2007 4.7% 7% 900000 700000 79000

2008 5.1% 7.2% 1000000 800000 49000

Suppose after analyzing data for the year 2007, economists of Gambia suggested to work on

exportable industries in order to have better growth rates in upcoming years. This strategy

changed the overall economic situation and components of Gross Domestic Product (GDP) for

year 2008. Comparative statistics of the economy of Gambia for both years is given below:

Years Consumption

Expenditures

(Millions

Rupees)

Investment

Expenditures

(Millions

Rupees)

Government

expenditure (Millions

Rupees)

Exports

(Millions

Rupees)

Imports

(Millions

Rupees)

2007 1700 100 700 250 450

2008 1900 150 900 450 750

Due to this strategy, not only exports of Gambian economy increased but unemployment rate

also decreased. This decrease in unemployment rate compelled the other sectors to restore and

the concomitant repercussions were more industry, production, investment, consumption

particularly and improved living standard generally.

Requirements:

With the help of above data, calculate Gambian economy’s:

a. Gross Domestic Product (GDP) for year 2007.

b. Net exports (NX) for the year 2008.

c. Unemployment rate for the year 2007 and 2008.

d. GDP deflator for the year 2008 if real GDP and Nominal GDP for this year are RS.2500

million and Rs.2650 million respectively.

Note: Write down formula and all relevant steps involved in calculations

Marks: (5+4+6+5)

+ How to Follow the New Added Discussions at Your Mail Address?

+ 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: 2392

.

+ 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?)

+ Click Here To Join (Our facebook study Group)

Attachments:

Replies to This Discussion

assignment solution

Attachments:

 Saba Shafiq Ajmi gud keep it up & thanks for sharing 

Note for All Members: You don’t need to go any other site for this assignment/GDB/Online Quiz solution, Because All discussed data of our members in this discussion are going from here to other sites. You can judge this at other sites yourself. So don’t waste your precious time with different links.

same here !!

dear yee -200 kasa aya

-200 aisa aya k jab export ko minus karay gai imp se tou -200 aega and plus minus = - hota hai doosri bat k agar netexport pos hoga tou wo gdp mein ad hoga or agar neg ae ga tou wo gdp mein subtract hoga.

correct

all answers is correct...... 

a. 2300

b. -300

c. 2007 = 11.28, 2008 = 6.125

d. 106

these are correct answers of all..

same answers....d. 1.06

d part ka 106 ans kese arha hai..? plz explain kr dein..

GDP Deflator = 2650/2500*100

                   = 106

GDP Deflator=nominal GDP/real GDP

GDP Deflator=2650/2500=1.06

 

RSS

Latest Activity

© 2020   Created by +M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service

.