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Assignment no1 eco403

Assignment no1 eco403

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khanfajar069
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1 views

Assignment no1 eco403

Assignment no1 eco403

Uploaded by

khanfajar069
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Assignment no :1

ECO403
Semester: Spring 2025
Marks: 10

Years | Quantities (Oranges, Coconuts) | Prices (Oranges, Coconuts)

2022 | 50, 500 | 100, 50


2023 | 150, 250 | 110, 40
2024 | 1000, 600 | 200, 90

(i) Nominal GDP Calculations:

2022: (50*100) + (500*50) = 30000


2023: (150*110) + (250*40) = 26500
2024: (1000*200) + (600*90) = 254000

(ii) Real GDP (Base year 2022):

2022: 30000
2023: (150*100) + (250*50) = 27500
2024: (1000*100) + (600*50) = 130000

(iii) GDP Deflator:

2023: (26500 / 27500) * 100 = 96.36


2024: (254000 / 130000) * 100 = 195.38

(iv) Inflation Rate:

2023: ((96.36 - 100) / 100) * 100 = -3.64%


2024: ((195.38 - 96.36) / 96.36) * 100 = 102.76%
Summary:
Year | Nominal GDP | Real GDP | GDP Deflator

2022 | 30000 | 30000 | 100


2023 | 26500 |27500 | 96.36
2024 | 254000 | 130000 | 195.38

Year | Inflation Rate


2023 | -3.64%
2024 | 102.76%

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