Principles of Macroeconomics ECO102

Feb 3rd, 2012
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assignment on economics

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East West UniversityDepartment of EconomicsSpring 2013.Course Title: Principles of Macroeconomics ECO102Gazi Quamrul Hasan Assignment 011. Write short notes on1) Gross Domestic Product2) Real GDP3) GDP deflator4) Consumer Price Index5) GDP calculation in income method6) GDP calculation in expenditure method7) GDP calculation in production method8) Procedure of value addition9) Difference between CPI and GDP deflator10) Consumption function2. Draw circular flow of income for1) Closed economy with out government and capital market 2) Open economy with government and capital market3. Discuss with numerical example 1) In a closed economy budget deficit equals the gap between private savings and investment 2) In an open economy if government wants to increase investment keeping budget deficit constant then import must be increased and/or export must be decreased.

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