Nominal GDP
|
Real GDP
|
GDP reflector
|
Inflation rate
|
92575
|
92575
|
100
|
---
|
94115
|
82355
|
114.3
|
14.3%
|
145800
|
112450
|
129.7
|
15.4%
|
Solution 1
Formulas
For calculation nominal gdp Multiply Ps & Qs from same year llike 200*140+315*205=92575
Etc etc
Asy he bqi b calculate krni ha
Or real gdp me prices 1st wali use hongi or quantities sub ki bari bari lagai jaengy
Llike 200*14+315*205=92575
200*70+315*217=82355
200*200+315*230=112450
GDP Deflator = Nominal GDP /Real GDP *100
Or inflation rate 1st --, or 2nd 114.3-100=14.3%
3rd 129.7-114.3=15.4%
Solution 2
labor force = employeement * unemplyoyemment
= 164.5+8= 172.5 million
number of people not in labor force= not employed= 8 million
Labor-Force Participation Rate = Labor Force/Adult Population x 100
=172.5/329.8*100 = 52.30 million
Unemployment Rate = Number of Unemployed /Labor Force*100
=8 /17505*100= 4.64 million