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Thread: ECO403 - Macroeconomics Solution of Assignment No. 01 semester Fall 2013

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    18 ECO403 - Macroeconomics Solution of Assignment No. 01 semester Fall 2013

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    The Case:
    Suppose an Asian team of economists visit North Africa to analyze the economic
    behavior of the people of North Africa during 1990s. After identifying the targets,
    economists select Sudan one of the countries of North Africa. In 1991 and 1992,
    the labor force was 700000 and 900000 respectively. Furthermore, they are unable
    to get complete data. The data was in the shape of graph and incomplete tables
    as follows:

    eco.jpg

    Y-axis= Nominal GDP

    eco403.jpg


    4565.jpg

    In addition incomplete data is creating the crippled situation for the team. So,
    economists compile a few questions. Being a student of economics, how can you
    solve these given questions?

    Requirements:
    Using the above data, calculate:
    a. National saving for the year 1991 and 1992
    b. Nominal interest rate for the year 1990
    c. GDP deflator for the year 1990
    d. Unemployment rate for the year 1991

    Note: Write down formula and all relevant steps involved in calculations. The values of Nominal GDP and inflation rate should be taken from the relevant graphs.

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    Last edited by vuassignments; 11-29-2013 at 12:00 AM.

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