Macro Economics Assignment 1

Rezwanul Haque
Last date and time of submission: 15 November, 2020
(Please Note the submission time is absolute and Upload it into the Assignement section of
the Microsoft team. Do not send me any email if you the deadline)

1. Below is the data provide for a particular country:

Price per Price per Quantity of Quantity of
computer ($) cell phone computers cell phone
($) (Unit) (Unit)
2005 10 8 200 75
2006 14 10 250 75
2007 16 12 350 125
a) Compute nominal GDP, real GDP and GDP deflator for each year using 2005 as base year.
b) Compute the inflation rate for each year
c) Compute growth of each year.

2. (a)What is the difference between Consumer Price Index and GDP Deflator?
(b) Suppose the residence of an economy consumes the following goods which are shown in the table
below:
Year Rice Chicken Beef
Quantity Price Quantity Price Quantity Price
(Kg) (Tk/Kg) (Kg) (Tk/Kg) (Kg) (Tk/Kg)
2006 90 30 30 80 20 180
2007 90 35 30 100 20 220
2008 90 38 30 125 20 240
i) Compute the CPI in 2007.(2006 is the base year)
ii) Calculate the inflation rate for the year 2008 and interpret your result.
3. In the following table the Labor Force Data of Bangladesh from BBS is given below:

Labor Force Characteristics LFS 2015-16 LFS 2018

Labor Force (million)

Women 20 25
Men 35 40
Employed Population (Million)
Women 5 8
Men 29 35
Adult Population
Men 72 82
Women 65 70

a) Calculate the Labor Force Participation rate for women in LFS 2015-16 and LFS 2018.
b) Calculate the unemployment rate for men for LFS 2015-16 and LFS 2018.

Good Luck! 