HAILEY COLLEGE OF BANKING & FINANCE

UNIVERSITY OF THE PUNJAB, LAHORE

MID/ TIME MAXIMUM
PROGRAM BBA SEMESTER SESSION
FINAL ALLOWED MARKS
SECTION B FINAL 2nd 2019-21 2 +1 40
3 hrs
Teacher’s Name Ms. Rabia Saleem
Course Economics
Student’ Name Roll #

INSTRUCTIONS

1. Attempt all questions and read carefully before answering.

2. Complete your paper within prescribed time (i.e. 2 hours. One extra hour is
given for downloading, converting file into PDF and submission through
email).
3. Answers should be “HAND-WRITTEN” on any large size paper sheets
(for example: A4 or Legal size paper sheets).
4. Students should scan the answer sheets or take photos of the answer sheets
and submit the same to the concerned teacher in “SINGLE PDF FILE”
through email. (multiple files, multiple mails, files other than PDF format
will not be entertained – strictly follow the instructions and submit only one
PDF file through email)
5. Students must ensure to write “Name”, “Roll Number”, “Program of
Study”, “Semester” and “Title of the Course” AT THE TOP OF
ANSWER SHEET and in SUBJECT of the email.

Welcome to the Examination

Q-1 Complete the following table by calculating the missing data: (10)
Q-2 The accompanying table shows data on nominal GDP (in billions of
dollars) and real GDP in billions of 2000 dollars). (10)

a.Why is real GDP greater than nominal GDP for all years before 2000 and lower
for 2007?

b.Why does are nominal GDP and real GDP in 2000 equivalent?

c.Calculate the economic growthrate for the following periods:

a.1960 to 1970

b.1970 to 1980

c.1980 to 1990

d.1990 to 2000

d. Which period had the highest economic growth rate?

Q-3 State “Okun’s Law”. Discuss in detail the relationship between
Unemployment, Full employment and GDP gap. (10)

Q-4 Graphically discuss “Demand-pull inflation” and “Cost-push inflation”.

Also describe their impacts on “Output levels”.
(10)