Header Ads

Complete the missing values by using the information given in the table.

Suppose the Consumption
expenditures, Government expenditures, and Gross Domestic Product (GDP) in the
economy of Pakistan for the years 2011 and 2010 are given below. Complete the
missing values by using the information given in the table.






























Items
(Rs.)



Year-2011


 



Year- 2010



Consumption
(C) 



10,000



70,000



Government
expenditures (G) 



30,000



20,000



Gross Domestic Product (GDP) = Y= Total
output 



70,000



50,000



National
saving 



???



???



Solution:

To find the missing values for national saving in 2011 and 2010, we can use the following equation:

National Saving = GDP - Consumption - Government Expenditures

Using the given data, we can calculate the national saving for each year:

For 2011:
National Saving = 70,000 - 10,000 - 30,000
= 30,000

For 2010:
National Saving = 50,000 - 70,000 - 20,000
= -40,000

Therefore, the national saving for 2011 is 30,000 Rs., and for 2010, it is -40,000 Rs. (indicating a negative saving, which means there is a dissaving or deficit in the economy).


No comments

Powered by Blogger.