Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
66 views1 page

Intro to Macroeconomics Assignment

This document contains an assignment for an introductory macroeconomics course. It includes 5 questions assessing students' understanding of key macroeconomic concepts. Question 1 asks students to calculate nominal and real expenditures for 2 years using price and quantity data for 5 goods. Question 2 asks students to calculate private savings using various income and expenditure data. Question 3 asks students to explain how 2 international transactions would be recorded in India's balance of payments accounts. Question 4 asks students to calculate the unemployment rate for an economy with given labor force and employment data. Question 5 asks students to explain how 2 items would be treated in calculating national income and by which method.

Uploaded by

Prakhar Balyan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
66 views1 page

Intro to Macroeconomics Assignment

This document contains an assignment for an introductory macroeconomics course. It includes 5 questions assessing students' understanding of key macroeconomic concepts. Question 1 asks students to calculate nominal and real expenditures for 2 years using price and quantity data for 5 goods. Question 2 asks students to calculate private savings using various income and expenditure data. Question 3 asks students to explain how 2 international transactions would be recorded in India's balance of payments accounts. Question 4 asks students to calculate the unemployment rate for an economy with given labor force and employment data. Question 5 asks students to explain how 2 items would be treated in calculating national income and by which method.

Uploaded by

Prakhar Balyan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

GE: Introductory Macroeconomics

Semester II, Year I


Assignment 1
Time: 60 minutes (40 + 20) Maximum Marks: 15

Instructions:
 The time limit is 60 minutes, which includes the time for downloading the question paper for the
assignment and uploading the answer scripts.
 All questions are compulsory

1. You have been given the following data (base year=2020). (5)

Oranges Cloth Milk Pens Cars


Price Quantity Price Quantity Price Quantity Price Quantity Price per car Quantity
per kg (kg) per (meter) per litre (litre) per (dozen) (in Rs 1000)
meter dozen
2010 4 10 5 10 20 40 120 5 100 10
2020 6 40 15 30 60 20 240 50 500 20
Find the nominal expenditure and real expenditure, for both years. Also find the inflation rate of the
economy.

2. Calculate Private Savings from the following data: (2)


i. Income from domestic product accruing to private sector 4,500
ii. Savings of non-departmental public enterprises 100
iii. NFIA (-) 50
iv. Direct Personal Taxes 150
v. Private Final Consumption Expenditure 2000
vi. Current Transfers from American Government 80
vii. Wages and Salaries 1000

3. Explain how the following transaction will be recorded in India’s BOP accounts: (4)
i. An Indian purchases a Lenovo Laptop during his holiday to America, through his credit card of
Russian Bank for Rs 50000.
ii. An American dined out in Sarvana Bhawan at Connaught Place, and made the payment through
his credit card of a Russian Bank for Rs 5000

4. There are 100 people in an economy. 80 people are in the age group of 15-65 years. 25% of this
group constitutes students who are not allowed to work. 50% of the rest do not want to work. Out of
the remaining, 12 individuals can’t find work. Find the Unemployment Rate for this economy. (2)

5. Explain giving reasons, how the following are treated in National income, and by which method: (2)
i. You are getting Rs 100 extra as pocket money on Father’s Day
ii. Car purchased by the course instructor of GE Introductory Macroeconomics

You might also like