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URD101
Macroeconomics Eco403 Assignment #1 Idea Solution Fall 2011
Macroeconomics (ECO403)
Assignment 1:
Commodities |
1996 |
1997 |
|
||
|
Price (Rs) |
Quantity |
Price (Rs) |
Quantity |
|
Oil |
10 |
100 |
11 |
120 |
|
Cocoa |
1 |
50 |
1 |
70 |
|
Cloth |
7 |
150 |
9 |
15 |
|
Diamond |
35 |
110 |
40 |
120 |
|
Requirements:
With the help of above data, calculate Ghana’s:
- A. Nominal GDP for 1996 and 1997
Nominal GDB ( N. GDP= Price(P) x Real Output(Y))
Take value of quantity as the value of real output
- B. Real GDP for 1996 and 1997
Real GDB (R. GDP= Real Output (Y) / Price (P))
Take values of quantity as real output.
- C. Labor force for year 1996 and 1997
Labor Force = No. of employed + No. of unemployed
- D. Unemployment rate of the year 1997
Unemployment Rate =(No. of unemployed / Labor Force) x 100
Replies to This Discussion
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Permalink Reply by imran abbas on -
Formulas are given, put the values and find the solutions.
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Permalink Reply by Nawaz Chouddry on -
koi mjy eco 402 403 or sta 301 ki coplete assighment send kr dy m bht busy hoon apny friend ki shadi ky silsily m plzzzzzzzzzzz friend help me
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