1.For a hypothetical country given the following information’s:

ASSIGNMENT OF MACRO ECONOMICS

Year Price of orange Quantity of orange

Price of banana Quantity of banana

1996 $25 90 $35 70

1997 $35 80 $45 65

1998 $45 70 $55 50

Calculate: (i) Nominal GDP. (ii) Real GDP. (iii) GDP Deflator. (iv) Inflation Rate. (v) GDP Growth Rate using as the base

year 1996.

2. (a) why the aggregate supply curve might shift? (b)Explain macroeconomic equilibrium by using AD and AS.

3. (a) Define unemployment and describe its classification. (b) Explain the voluntary and involuntary unemployment.

4. (a) Describe different phases of business cycle with definition

of business cycle. (b) Quantity theory of money.

Issue Date: 18/03/2014

Written By AL-KAMRAN

Explain Objectives and Policy of Macro Economics. Definition of Macro Economics. Chepter-2,Page-48: Different GDP measurement and as per

lecture. AD, AS, Equilibrium.

Suggestion Of Macro Economics, English and Business Communication.

English:Page 12

Page 18

Page 24

Page 29

1.01.Definition of communication to 2.14. Merits of oral Communication.

Business Communication:

Written By AL-KAMRAN

-THE END-