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ECO403 GDB Spring 2019 Solution & Discussion


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eco403 gdb solution required please urgently ??

ECO403  GDB Solution Spring 2019

 

1) Nominal GDB for the year 2014

Nominal GDB

Multiply Ps and Qs from year 2014

2014: Rs 915,000

=75*7000+110+300

2) Real GDB for2014 (take 2012 as base year)

Real GDB

Multiply2014 Qs by 2012 Ps

2014: Rs820, 000

=70*7000+110*300

3) Unemployment rate for the year 2014

Unemployment rate= number of unemployment*100/labor force

Number of unemployment=750,000

Labor force=1,450,000

=750,000*100/1,450,000

=0.517*100

Unemployment rate=51.7%

 

Part B

Items (Rs.)          Year 2010             Year 2011

Consumption    5,00,000               7,00,000

Investment        1,50,000               2,50,000

Government Expenditures          1,70,000               2,70,000

Net Exports        50,000   70,000

Gross Domestic Product (GDB)  8,70,000               12,90,000

 

 

ECO403 GDB Solution Spring 2019

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ECO403 GDB Solution Spring 2019

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ECO403 GDB Solution Spring 2019

Last date is 1 August. 

The Case:

Currently there are fifty or more textbooks which can be used in the principles of economics courses. If we compare a number of them, we will find considerable differences. Books vary considerably as to the rigor and detail with which material is presented. They also vary as to reading level. Some books have a one-color format, others use multicolor diagrams and tables. Books vary greatly in the use of such pedagogical devices as photos, boxed features, cartoons, learning objectives, intrachapter summaries and glossaries. Publishers seek the mix of these features which they hope will be most appealing to instructors and students.

 

Requirement:

Read the above scenario and explain in which market structure ‘the market for Principles of Economics textbooks’ falls. Justify your answer by applying the characteristics of that market structure on the given case.

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