Calculate Nominal and Real GDP for each year. Consider the base year is 2013. Year Bottles of Diet Coke (units) Price by Bottle in Rs 2013 100,000 10.25 2014 400,000 30.50 2015 500,000 30.75 2016 800,000 40.25
Question # 5
a: Calculate Nominal and Real
Year
Bottles of Diet Coke (units)
Price by Bottle in Rs
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 (Maximum 200 words).
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.
(Sub parts to solved).
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