ECO403 Macroeconomics Assignment No 01 Fall 2019 Solution & Discussion
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ECO403 Assignment 1 Solution idea Fall 2019
Solution:
(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.
GDP Deflator= Nominal GDP / Real GDP*100
GDP Deflator for the Year 2001 = Nominal GDP / Real GDP*100
= 35000 / 23000*100
= 1.5217391304*100
GDP deflator Year 2001 = 152.17391
Then
GDP Deflator for the year 2002 = Nominal GDP / Real GDP*100
= 45000 / 37000*100
= 1.2162162162*100
GDP Deflator year 2002 = 121.62162
(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.
National saving by using Following Formula:
National Saving (S) = Private Saving + Public Saving
National Saving (S) = (Y - T) – C + T – G
National Saving (S) = Y - T – C + T – G
National Saving (S) = Y – C – G
National Saving (S) for the year 2007 = Y – C – G
= 770000 – 300000 – 100000
= 470000 – 100000
National Saving (S) year 2007 = 370000
Then
National Saving (S) for the year 2008 = Y – C – G
= 900000 – 500000 – 270000
= 400000 – 270000
National Saving (S) year 2008 = 130000
(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.
Y = C + I + G + NX …. (1)
Calculate Consumption (C) Year 2009: we can derive the above equation (1):
Consumption (C) = Y – I – G – NX
= 131000 – 50000 – 10000 – 11000
Consumption (C) = 60000
Calculate Gross Domestic Product (Y) Year 2010 we can apply above equation (1):
Gross Domestic Product (Y) = C + I + G + NX
= 70000 + 40000 + 12000 + 10000
Gross Domestic Product (Y) = 132000
Calculate Investment (I) Year 2011 we can derive the above equation (1):
Investment (I) = Y – C – G – NX
= 176000 – 80000 – 15000 – 11000
Investment (I) = 70000
ECO403 Assignment No 01 Solution Fall 2019
link below
Solution:
(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.
GDP Deflator= Nominal GDP / Real GDP*100
GDP Deflator for the Year 2001 = Nominal GDP / Real GDP*100
= 35000 / 23000*100
= 1.5217391304*100
GDP deflator Year 2001 = 152.17391
Then
GDP Deflator for the year 2002 = Nominal GDP / Real GDP*100
= 45000 / 37000*100
= 1.2162162162*100
GDP Deflator year 2002 = 121.62162
(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.
National saving by using Following Formula:
National Saving (S) = Private Saving + Public Saving
National Saving (S) = (Y - T) – C + T – G
National Saving (S) = Y - T – C + T – G
National Saving (S) = Y – C – G
National Saving (S) for the year 2007 = Y – C – G
= 770000 – 300000 – 100000
= 470000 – 100000
National Saving (S) year 2007 = 370000
Then
National Saving (S) for the year 2008 = Y – C – G
= 900000 – 500000 – 270000
= 400000 – 270000
National Saving (S) year 2008 = 130000
(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.
Y = C + I + G + NX …. (1)
Calculate Consumption (C) Year 2009: we can derive the above equation (1):
Consumption (C) = Y – I – G – NX
= 131000 – 50000 – 10000 – 11000
Consumption (C) = 60000
Calculate Gross Domestic Product (Y) Year 2010 we can apply above equation (1):
Gross Domestic Product (Y) = C + I + G + NX
= 70000 + 40000 + 12000 + 10000
Gross Domestic Product (Y) = 132000
Calculate Investment (I) Year 2011 we can derive the above equation (1):
Investment (I) = Y – C – G – NX
= 176000 – 80000 – 15000 – 11000
Investment (I) = 70000
BC100000000
Solution:
(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.
GDP Deflator= Nominal GDP / Real GDP*100
GDP Deflator for the Year 2001 = Nominal GDP / Real GDP*100
= 35000 / 23000*100
= 1.5217391304*100
GDP deflator Year 2001 = 152.17391
Then
GDP Deflator for the year 2002 = Nominal GDP / Real GDP*100
= 45000 / 37000*100
= 1.2162162162*100
GDP Deflator year 2002 = 121.62162
(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.
National saving by using Following Formula:
National Saving (S) = Private Saving + Public Saving
National Saving (S) = (Y - T) – C + T – G
National Saving (S) = Y - T – C + T – G
National Saving (S) = Y – C – G
National Saving (S) for the year 2007 = Y – C – G
= 770000 – 300000 – 100000
= 470000 – 100000
National Saving (S) year 2007 = 370000
Then
National Saving (S) for the year 2008 = Y – C – G
= 900000 – 500000 – 270000
= 400000 – 270000
National Saving (S) year 2008 = 130000
(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.
Y = C + I + G + NX …. (1)
Calculate Consumption (C) Year 2009: we can derive the above equation (1):
Consumption (C) = Y – I – G – NX
= 131000 – 50000 – 10000 – 11000
Consumption (C) = 60000
Calculate Gross Domestic Product (Y) Year 2010 we can apply above equation (1):
Gross Domestic Product (Y) = C + I + G + NX
= 70000 + 40000 + 12000 + 10000
Gross Domestic Product (Y) = 132000
Calculate Investment (I) Year 2011 we can derive the above equation (1):
Investment (I) = Y – C – G – NX
= 176000 – 80000 – 15000 – 11000
Investment (I) = 70000
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