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The Case:

Part A:
Vietnam is located in Southeast Asia. This country borders China in north while
Laos and Cambodia in west. Tourism sector is a component of the modern
Vietnamese economy. This sector is providing boom in the economy. Major
exports include electrical equipment, footwear, coffee, fish and crude petroleum
products while major imports include steel, machinery and fertilizers. Suppose
facts and figure of the economy of Vietnam are given below.

Year 2017

Consumption Rs. 20,00,000

Investment expenditures Rs. 15,00,000

Government purchases Rs. 95,00,000

Total exports Rs. 6,00,000

Total imports Rs. 3,00,000

MPC 0.5

Number of employed 75,00,000

Number of unemployed 15,00,000

Inflation rate and real interest rate for the year 2017 is given below:

Inflation Rate % Real Interest Rate%

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

I. Labor force for the year 2017

II. Net exports for the year 2017
III. Gross domestic product for the year 2017
IV. Unemployment rate for the year 2017

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

Marks :(1+2+2+2)

Part B:
Suppose the nominal gross domestic product and real gross domestic product for
the economy of Vietnam for three years is given below. Calculate Gross Domestic
Product deflator (GDP Deflator) from the given data. You are required to give your
answer of GDP deflator in the table given below.

Years Nominal GDP Real GDP GDP deflator

2011 Rs 55,000 Rs 53,000 ?

2012 Rs 65,000 Rs 57,000 ?

2013 Rs 85,000 Rs 71,000 ?

Marks: (1+1+1)
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Note related to load shedding: Please be proactive 

Dear students! 

As you know that Pre‐ Mid‐Term semester activities have started 
and  load  shedding  problem  is  also  prevailing  in  our  country. 
Keeping in view the fact, you all are advised to post your activities 
as  early  as  possible  without  waiting  for  the  due  date.  For  your 
convenience;  activity  schedule  has  already  been  uploaded  on 
VULMS  for  the  current  semester,  therefore  no  excuse  will  be 
entertained after due date of assignments, quizzes or GDBs.