ECO403 Assignment No 1 Solution fall 2017

ECO403 Assignment No 1 fall 2017

Dear Students, ECO403 Assignment Solution has been added. Here you can read or Download ECO403 - Macroeconomics Assignment No 1 Solution and Discussion of Semester Fall 2017. Assignment Due Date is 22 November, 2017. Total Marks are 10. We are here to facilitate your learning and we do not appreciate the idea of copying or replicating solutions. Previously we shared ECO403 Solved Quiz and Short Notes for Mid Term.

ECO403 Assignment No 1

The Case:
Senegal is located in West Africa and ninety two percent of country’s population is estimated to be Muslims. Overall population of Senegal is 15.41 million in 2016. Major exports are cotton, petroleum products and manufacturing goods while major imports are fuel, foodstuff and tobacco. Suppose other facts and figures of the economy of Senegal for the year 2016 are given below.

Statistics for year 2016

Consumption (C) Rs. 200 million

Investment (I) Rs. 170 million

Government purchases (G) Rs. 70 million

Net Exports (NX) Rs. 20 million

Real interest rate (r) 2.5%

Inflation 4.5%

Number of employed persons 4 million

Number of unemployed persons 3 million

ECO403 Assignment Requirements:

Keeping in view the above facts and figures, in the economy of Senegal,

calculate the following for the year 2016:

a. Labor force

b. Nominal interest rate MACROECONOMICS (ECO403)

c. Gross domestic product

d. National saving

(Marks = 2+2+3+3)

(Note: Write down formula and all relevant steps involved in calculation)

Recommended : All ECO Subjects Mid Term Past Papers Collection

ECO403 Assignment No 1 Solution fall 2017

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