Assignment on Macroeconomics Sample
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Added on 2020-07-22
Assignment on Macroeconomics Sample
Added on 2020-07-22
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Introduction toMacroeconomics
Table of ContentsINTRODUCTION...........................................................................................................................1QUESTION 1...................................................................................................................................1a):.................................................................................................................................................1b):................................................................................................................................................1c): ................................................................................................................................................2d):................................................................................................................................................2e): ................................................................................................................................................2f). ................................................................................................................................................2g). ...............................................................................................................................................3h): ...............................................................................................................................................3i): ................................................................................................................................................3QUESTION 2...................................................................................................................................41...................................................................................................................................................42...................................................................................................................................................43...................................................................................................................................................4QUESTION 3...................................................................................................................................6a)..................................................................................................................................................6b) :...............................................................................................................................................6c)..................................................................................................................................................6d):................................................................................................................................................7e):.................................................................................................................................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONEconomics is a social science that obsessed with factors that establish the production,distribution and utilisation of products and services. While, Macroeconomics deals with total orcollective level of output, consumption, investment, employment and price position in aneconomy (Wonderling, 2011). The main objective of this project report is to identified variousaspect of macroeconomics which are affecting performance and growth of a country. Thisproject report contain information about GDP, growth rate and economic growth of an economy.All those economic factors those are associated with development of the country are mentionedunder this project report. Such as Balance of payment, capital account and borrowings which arerelated with transformation of an economy.QUESTION 1a):GDP( gross domestic product) is a term in which the money of the final products orservices are being produced in some period of time is being measured. This helps in knowingabout the economy of a country. To measure GDP is little difficult work, and it can be calculatedin two ways it can be by adding what all had being spent or by adding whatever is been earned inthe year. Wages is a term which is based on the money which is being paid to the employees bythe employers of the firm in exchange of work which are done by the employees. The wages canbe paid to the employee as per various kinds such as it can be according to the monthly basis,hourly basis or it can be on daily basis. GFCF is those flow of value which is measured by a totalvalue which is a producer's of acquisition and less disposals of the fixed assets which is duringthe period of accounting. b):Net exports are the key differentiation between a nation's entire value of exports andentire value of imports. This could be favourable or adverse, it is calculated by way of exports orimports. If imports are more than the exports, then the situation becomes worst. But if theimports are less than exports, then net export become favourable. It is calculated with the help of:Net Exports= Value of Exports-Value of Imports.1
c): In case of Ms Smith if National income decrease by marrying her cook there is adverseimpact on the economy and smith as well. National income use to measure the financial value ofthe flow of output of products and services produce in an economy over the period of time. Bythe income spending on that cook it assumed that in economic welfare that expenditures on himare manage and control with proper satisfaction (Bruno and HAILE, 2012).d):Particulars20152016Rice4000063000Fish 60005200Potatoes100007000Nominal GDP5600075200GDP growth rate34.28%e): Labour forces participation rate measure the percentage of the working age population those are a part of labour force.Calculate the labour forces: Formula: Labour Forces participation rate: {Labor forces} *100Working age population64. 9: labor forces / 20429726 *100 Labour force= 13258892.174f). Calculation of Employment : 20,429,726*61.3%=12523422.0382
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