ch3Given the following information about the economy of Pakistan, calculate Paki

Question

ch3Given the following information about the economy of Pakistan, calculate Pakistan's GDP. Note th8t the currency of Pakistan is the Rupee Assume that the values are all current and no conversions need to be made The Government Spends 2 60 Trillions of Rupees Individuals Consume: 10.50 Tnlbons of Rupees Individuals Save 5 07 Trillions of Rupees Businesses Invest 1 65 Trillions of Rupees Foreigners Invest: 0 54 Trillions of Rupees Pakistan Imports 1.95 Trillions of Rupees Pakistan Exports. 1.27 Trillions of Rupees

Explanation / Answer

GDP = C + I + G + NX

C = 10.5

G = 2.8

I = 1.65

NX = (1.27- 1.95)

= 10.5 + 2.8 + 1.65 - 0.68

= 14.27 tri rupees

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