Solution 1
Nominal GDP | Real GDP | GDP reflector | Inflation rate |
92575 | 92575 | 100 | --- |
94115 | 82355 | 114.3 | 14.3% |
145800 | 112450 | 129.7 | 15.4% |
Formulas
For calculation nominal gdp Multiply Ps & Qs from same year llike 200*140+315*205=92575
Etc etc
Asy he bqi b calculate krni ha
Or real gdp me prices 1st wali use hongi or quantities sub ki bari bari lagai jaengy
Llike 200*14+315*205=92575
200*70+315*217=82355
200*200+315*230=112450
GDP Deflator = Nominal GDP /Real GDP *100
Or inflation rate 1st --, or 2nd 114.3-100=14.3%
3rd 129.7-114.3=15.4%
Solution 2
labor force = employment * unemployment
= 164.5+8= 172.5 million
number of people not in labor force= not employed= 8 million
Labor-Force Participation Rate = Labor Force/Adult Population x 100
=172.5/329.8*100 = 52.30 million
Unemployment Rate = Number of Unemployed /Labor Force*100
=8 /17505*100= 4.64 million
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