ECO403 Assignment No 1 Solution Spring 2018 | Virtual Study Solutions

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Dear Students, Here you can read or Download ECO403 - Macroeconomics Assignment No 1 Solution idea and Discussion of Semester Spring 2018. Assignment Due Date is 15 MAY, 2018. Total Marks are 10. We are here to facilitate your learning and we do not appreciate the idea of copying or replicating solutions. ECO403 Assignment Solution File will be added Soon. Previously we shared ECO403 Solved Quiz and Short Notes for Mid Term.

ECO403 Assignment No 1 Solution and Discussion Spring 2018
ECO403 Assignment No 1 Solution and Discussion Spring 2018

ECO403 Assignment Deadline:

  • Make sure to upload the solution file before the due date (15 MAY, 2018) on VULMS. 
  • Any submission made via email after the due date will not be accepted. 

ECO403 Assignment Formatting Guidelines:

  • Use the font style “Times New Roman” or “Arial” and font size “12”. 
  • It is advised to compose your document in MS-Word format. 
  • You may also compose your assignment in Open Office format. 
  • Use black and blue font colors only. 

ECO403 Assignment Rules of Marking: 

Please note that your assignment will not be marked, if:
  • It is submitted after the due date. 
  • The file you uploaded does not open or is corrupt. 
  • It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc. 
  • It is cheated or copied from other students, internet, books, journals etc.

ECO403 Assignment Question:

The Case:
Angola is located in southern Africa. It is the 7th largest country in Africa. The total population in Angola was estimated at 27.5 million people in 2016. Major exports are crude oil, petroleum products, wood, fish products, coffee and cotton while major imports are food, textile products and consumer products. Suppose economy of Angola produced only fish, petrol and milk for the year 2016 and 2017. Facts and figures and macroeconomic indicators of the economy of Angola for the year 2016 and 2017 are given in Table-01 and Table-02.


Table - 01:



2016
2017
Price (Rs)
Quantity
Price (Rs)
Quantity
Fish (Kg)
10
1000
11
1500
Petrol (Liter)
20
2000
20
2500
Milk (Liter)
5
10000
6
11000

Table - 02:


2016
2017
Real interest rate
3%
3.5%
Employed
11 million
17 million
Unemployed
5 million
2 million

Requirements:

Keeping in view the above facts and figures, in the economy of Angola, Calculate;

  1. Nominal GDP for the year 2017 
  2. Real GDP for the year 2017 using 2016 as a base year 
  3. GDP deflator for the year 2017 
  4. Labor force for the year 2017 
  5. Unemployment rate for the year 2017 
Please Note: Write down formula and all relevant steps involved in calculation. (Marks =2+2+2+2+2)

ECO403 Assignment No 1 Solution Spring 2018

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Post a Comment

  1. @Muhammad Usman, aap ko solution mil gaya?

    ReplyDelete
    Replies
    1. KOI SOLUTION SEND KR DO
      LITE KA APKO PTA HAI TIME KAM REH GYA MEHRBNI KRO YAR

      Delete
  2. @Jahanzaib. Thanks a lot but it was pretty last minute and I couldn't upload it as the VU website got choked at last minute. Don't know whether they would accept it now. Lets see. Anyway, thanks for your effort

    ReplyDelete

 

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