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[Solved] ECO404 Assignment 1 Solution & Discussion Spring 2020  

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admin
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03/06/2020 6:39 pm  

ECO404 Managerial Economics Assignment 1 Solution & Discussion Spring 2020


MANAGERIAL ECONOMICS (ECO404)

ASSIGNMENT

DUE DATE: 08TH  JUNE, 2020  MARKS: 15

The Case:

According to the report of Asian Development Bank (ADB) Pakistan could have to face low economic growth rate during 2020 due to COVID-19. In 2019 economic growth rate was 3.3 percent while in 2020 it is projected to be 2.6 percent. Inflation will remain 11.5 percent as said in report. The lockdown situation in the country, to control COVID-19, has dampened consumer’s demand and private businesses badly. State bank of Pakistan has raised its policy interest rate to 12.25 per cent at the end of FY2019 to counter inflationary pressures. As now the decline in oil prices and expected slow demand under COVID-19, the State Bank of Pakistan reduced interest rate to 11 per cent in March 2020. ADB report predicts that inflation rate would be 8.3 percent in 2021. There is a strong direct relationship between inflation and economic growth. Supposed data of economic growth and inflation rate is given in the following table.

Year

Real GDP Growth Rate: Yt

Inflation Rate: Xt

Yt’

Yt-Yt’=et

2015

4.7

2.5

?

?

2016

5.5

3.7

?

?

2017

5.7

4.0

?

?

2018

5.4

5.0

?

?

2019

3.3

7.0

?

?

Xt: Inflation Rate, Yt: Real GDP Growth Rate, Yt’: Estimated Real GDP Growth Rate and et: Error Term

 

Requirement:

  • Keeping in view the above given table fill the required
  • If calculated value of “t” is greater than tabulated value of “t”, what does it mean?

 

IMPORTANT:

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IMPORTANT INSTRUCTIONS DEADLINE:

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  • Use black and blue font colors

 

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  • It is cheated or copied from other students, internet, books, journals

Note related to load shedding: Please be proactive Dear students!

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admin
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08/06/2020 10:23 pm  

ECO404 Managerial Economics Assignment 1 Solution & Discussion Spring 2020


ECO404 Assignment Solution Idea:

 

 

Download attachment for ECO404 Assignment solution file.

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