Reply With Quotesolution 1.jpg
solution 2.jpg
Solution 3
Nominal GDP in 2009 = (200*10)+(150*110)=18500
Nominal GDP in 2010 = (250*15)+(170*155)=30100
Growth rate in nominal GDP=30100-18500/18500=62.70%
Question 01View more random threads:
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Draw the graph showing that a perfectly competitive firm is making zero profit or
normal profit in the market. (Marks: 5)
Question 02
Draw the graph showing that a monopoly firm is making super normal profits in
the market. (Marks: 5)
(Note: In Q # 01 and 02, just draw graphs by yourself. Do NOT copy from any
source. NO need to write any irrelevant material or interpretation.)
Question 03
Consider a hypothetical economy which produces oranges and chicken.
Quantity and cost of both things are given in the table. Calculate the
following from the given information: (Marks: 2+2+1)
a) Nominal GDP in year 2009
b) Nominal GDP in year 2010
c) Growth rate of nominal GDP
eco401 2.jpg
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(Note: Just calculate to the point in each part. NO need to write irrelevant
material or extra interpretation.)
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Idea Solution for ECo401
solution 1.jpg
solution 2.jpg
Solution 3
Nominal GDP in 2009 = (200*10)+(150*110)=18500
Nominal GDP in 2010 = (250*15)+(170*155)=30100
Growth rate in nominal GDP=30100-18500/18500=62.70%
:o:o--------------------------------------------------------------------------------------:o:o
[B]The more knowledge you have, the greater will be your fear of Allah.[/B]
Please Join My [B]Group Vuhelp[/B][B], Birthday Wishing, Daily Hadees[/B] [CODE][B]http://vuhelp.net/groups/vuhelp.html[/B]
[B]http://vuhelp.net/groups/birthday-wishing.html[/B]
[B]http://vuhelp.net/groups/daily-hadees.html[/B][/CODE]
[CENTER][B][COLOR="Red"][SIZE="4"]Email: [email]viki@vuhelp.net[/email][/SIZE][/COLOR][/B][/CENTER]
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