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  • Macroeconomics (ECO403) : Semester Spring 2022

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    Mubeen Raza
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    This document provides instructions for Macroeconomics Assignment #1 that is due on June 07, 2022. It includes two questions that require calculating: (1) nominal GDP, real GDP, and GDP deflator for year 2021 using production data for apples and mangoes, and (2) the cost of a basket of goods, consumer price index (CPI), and inflation rate for years 2020 and 2021 using price and quantity data for apples and mangoes. It outlines formatting guidelines and rules for grading, including that assignments must be submitted before the due date in MS Word or Open Office format to receive a grade. Students are advised to submit activities early due to potential power outages.

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    Spring 2022_ECO403_1

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    This document provides instructions for Macroeconomics Assignment #1 that is due on June 07, 2022. It includes two questions that require calculating: (1) nominal GDP, real GDP, and GDP deflator for year 2021 using production data for apples and mangoes, and (2) the cost of a basket of goods, consumer price index (CPI), and inflation rate for years 2020 and 2021 using price and quantity data for apples and mangoes. It outlines formatting guidelines and rules for grading, including that assignments must be submitted before the due date in MS Word or Open Office format to receive a grade. Students are advised to submit activities early due to potential power outages.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views3 pages

    Macroeconomics (ECO403) : Semester Spring 2022

    Uploaded by

    Mubeen Raza
    This document provides instructions for Macroeconomics Assignment #1 that is due on June 07, 2022. It includes two questions that require calculating: (1) nominal GDP, real GDP, and GDP deflator for year 2021 using production data for apples and mangoes, and (2) the cost of a basket of goods, consumer price index (CPI), and inflation rate for years 2020 and 2021 using price and quantity data for apples and mangoes. It outlines formatting guidelines and rules for grading, including that assignments must be submitted before the due date in MS Word or Open Office format to receive a grade. Students are advised to submit activities early due to potential power outages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    SEMESTER SPRING 2022

    MACROECONOMICS (ECO403)
    ASSIGNMENT # 01
    DUE DATE: JUNE 07, 2022
    MARKS: 10
    QUESTION # 1

    Suppose an economy produces only two goods; apples and mangoes. Calculate the
    following by using information given in the table.
    a. Nominal GDP for year 2021.
    b. Real GDP for year 2021 by taking 2020 as base year.
    c. GDP deflator for year 2021.

    Year 2020 Year 2021


    Goods Price (Rs.) Quantity Price (Rs.) Quantity
    Apples 250 120 260 140
    Mangoes 300 130 310 150

    (Marks: 5)
    QUESTION # 2

    Calculate the cost of basket, Consumer Price Index (CPI), and inflation rate by using
    information given in the table.

    Price (Rs.) Quantity


    Years Apples Mangoes Apples Mangoes Cost of CPI Inflation
    basket rate
    2020 250 300 120 130 ? ? ----
    2021 260 310 140 150 ? ? ?

    (Marks: 5)
    IMPORTANT:
    24 hours extra / grace period after the due date is usually available to overcome
    uploading difficulties. This extra time should only be used to meet the
    emergencies and above mentioned due dates should always be treated as final
    to avoid any inconvenience.

    OTHER IMPORTANT INSTRUCTIONS:


    DEADLINE:
     Make sure to upload the solution file before the due date on VULMS.
     Any submission made via email after the due date will not be accepted.

    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.

    RULES FOR MARKING


    Please note that your assignment will not be graded or graded as Zero (0), 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.
    Note related to load shedding: Please be proactive

    Dear students!

    As you know that 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.

    Good Luck!

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