eco403 ASSIGNMENT 1 SOLUTION FALL 2017
Dear Virtual University Students, here you can read and download ECO403 Assignment No.1 Solution fall 2017. ECO403 Assignment Opining Date 16 November 2017 and Closing Date 22 November 2017. Assignment Total Marks: 10. So, harry up Download the ECO403 Assignment Solution File and submit Your Assignment Solution. Easily you can Download Solution file click the Download Button and Get Assignment Solution File. Any Question for Assignment so easily you can Contact me using Contact form. If assignment solution was helpful. Please Share It with your friends.
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ASSIGNMENT QUESTION
The Case:
Senegal is located in West Africa and ninety two percent of country’s population is estimated to be Muslims. Overall population of Senegal is 15.41 million in 2016. Major exports are cotton, petroleum products and manufacturing goods while major imports are fuel, foodstuff and tobacco. Suppose other facts and figures of the economy of Senegal for the year 2016 are given below.
- Statistics for year 2016
- Consumption (C) Rs. 200 million
- Investment (I) Rs. 170 million
- Government purchases (G) Rs. 70 million
- Net Exports (NX) Rs. 20 million
- Real interest rate (r) 2.5%
- Inflation 4.5%
- Number of employed persons 4 million
- Number of unemployed persons 3 million
ASSIGNMENT requirement
Keeping in view the above facts and figures, in the economy of Senegal,
Calculate the following for the year 2016:
- Labor force
- Nominal interest rate MACROECONOMICS (ECO403)
- Gross domestic product
- National saving
(Marks = 2+2+3+3)
Note: Write down formula and all relevant steps involved in calculation)
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