Lemah
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Soon I will post complete solution:
|
Question 01
Part
A
Calculate
consumer price index and inflation rate by using following data. (Marks 4)
|
Years
|
Cost
of Basket
|
CPI
|
Inflation
rate
|
|
2006
|
2000
|
100
|
n.a
|
|
2007
|
2300
|
115
|
15%
|
|
2008
|
2850
|
142.5
|
27.5%
|
Part
B
Calculate
GDP deflator and inflation rate by using following data. (Marks 4)
|
Years
|
Nominal
GDP
|
Real
GDP
|
GDP
Deflator
|
Inflation
rate
|
|
2006
|
78000
|
78000
|
100
|
n.a
|
|
2007
|
82000
|
80000
|
102.5
|
2.5%
|
|
2008
|
89000
|
85000
|
104.7
|
2.2%
|
|
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