* " 41% 10:36 pmHmacro (14) (2) - Savedа.Calculate Nominal and Real GDP for each year. Consider the base year is 2013.YearBottles of Diet CokePrice by Bottle in Rs(units)2013100,00010.252014400,00030.502015500,00030.752016800,00040.25b. Analyze how much Pakistan's GDP and each of its components is affected by thefollowing transactions? Explain your answers .i.Toyota Motors issues new shares to finance the construction of an automobile plantin Pakistan.ii.Your friend wins Rs.2 million in the lottery in Dubaiiii.Rabia spends Rs.1500 to buy her husband dinner at the finest restaurant in Karachiiv.General Motors builds Rs.40 million worth of cars, but consumers only buy Rs. 38million worth of them.v.Sadia spends 50000 on a computer to use in her editing business in Karachi. She gotlast year's model on sale for a great price from a local manufacturer.B I U IA = E3

Nominal gross domestic product is gross domestic product (GDP) evaluated at current market prices.…

Calculate Nominal and Real GDP for each year. Consider the base year is 2013. a. Year Bottles of Diet Coke Price by Bottle in B. (units) 2013 100,000 10.25 2014 400,000 30.50 2015 500,000 30.75 2016 800,000 40.25

Calculate Nominal and Real GDP for each year. Consider the base year is 2013. a. Year Bottles of Diet Coke Price by Bottle in B. (units) 2013 100,000 10.25 2014 400,000 30.50 2015 500,000 30.75 2016 800,000 40.25

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

* " 41% 10:36 pm
H
macro (14) (2) - Saved
а.
Calculate Nominal and Real GDP for each year. Consider the base year is 2013.
Year
Bottles of Diet Coke
Price by Bottle in Rs
(units)
2013
100,000
10.25
2014
400,000
30.50
2015
500,000
30.75
2016
800,000
40.25
b. Analyze how much Pakistan's GDP and each of its components is affected by the
following transactions? Explain your answers .
i.
Toyota Motors issues new shares to finance the construction of an automobile plant
in Pakistan.
ii.
Your friend wins Rs.2 million in the lottery in Dubai
iii.
Rabia spends Rs.1500 to buy her husband dinner at the finest restaurant in Karachi
iv.
General Motors builds Rs.40 million worth of cars, but consumers only buy Rs. 38
million worth of them.
v.
Sadia spends 50000 on a computer to use in her editing business in Karachi. She got
last year's model on sale for a great price from a local manufacturer.
B I U I
A = E
3

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