jnu 2011

[tim]

Hey cn someone pls help me on this questn ?

If p and q are the roots of the eqn x^2-bx+c=0 , then wat is the eqn if the roots are (pq+p+q) and (pq-p-q) ?

[Mr. Nobody]

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[tim]

Thnk u ram :) cn u pls solve one more questn ?

Year 1 Px Qx Py Qy Pz Qz
 1.       1.   2   2   5   1   2
 2.      1.5  3   2   6  1.5  4
 3.      1.5  6   3   6   2    5

Q1. What is the gdp at current prices in year 2 ?

Q2. If year 1 is the base year, what is the gdp at constant prices in year 3 ?

Q3. If year 1 is the base year, what is the value of gdp deflator in year 3 ?

Q4. What is the rate of growth of real gdp (base year 1) in year 3 ?

[tim]

Ram u dre ?

[Mr. Nobody]

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[tim]

Ok thnk u..chap 7 u mean to say ?

[Mr. Nobody]

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[tim]

Thnk u :)

[tim]

Ram if u dnt mind cn u write the solutions to these questns..I read d text and infact index nos but dint get right answers to these questns..so cn u pls solve them..?

[seema]

Q1. What is the gdp at current prices in year 2 ?

GDP= 10.5 ....Px(qx)+ Py(qy)-Pz(qz)

Q2. If year 1 is the base year, what is the gdp at constant prices in year 3 ?

Here we will multiply prices of base yr with quantities of IIIyr.
GDP= 13

Q3. If year 1 is the base year, what is the value of gdp deflator in year 3 ?]

gdp deflator= nominal gdp/real gdp * 100
               =17/13*100= 130.77


Q4. What is the rate of growth of real gdp (base year 1) in year 3 ?

growth rate = [( current yr real GDP/prev yr real GDP)-1 ]*100
                 [ (13/11)-1]*100= 18.18%

[aastha]

@ seema :

thanks for writing the solutions ... could cross check mine :P

[Ankur]

Isn't GDP the market value of final goods then why are you including the value of z????

[aastha]

@ ankur :

you need to exclude the value of intermediate goods which is z in this case !!!

[seema]

yes i agree with aastha.

GDP= Value of output – Value of input

[aastha]

@ seema

could u pleasse help me with q 27 , 37 and 57 of jnu 2011 ...

thanks in advance

[Ankur]

 Intermediate goods and services, which are used in the production of final goods and services, are not included in the expenditure approach to GDP because expenditures on intermediate goods and services are included in the market value of expenditures made on final goods and services. Including expenditures on both intermediate and final goods and services would lead to double counting and an exaggeration of the true market value of GDP.(http://www.cliffsnotes.com/study_guide/GDP.topicArticleId-9789,articleId-9733.html)

[Ankur]

 Intermediate goods and services, which are used in the production of final goods and services, are not included in the expenditure approach to GDP because expenditures on intermediate goods and services are included in the market value of expenditures made on final goods and services. Including expenditures on both intermediate and final goods and services would lead to double counting and an exaggeration of the true market value of GDP.(http://www.cliffsnotes.com/study_guide/GDP.topicArticleId-9789,articleId-9733.html)

[seema]

@aastha
 Q 57
given f'(x)= 3x  => f(x) = (3/2)x^2
                          g(x) = (2/3)x^3

solving lim(x -> 1) , u will get 0/0 form. use l'hospital's rule

lim (x ->1) (3x+2x^2)/1 = 5 (option a)

:)

[aastha]

@seema

thanks :)

[seema]

@ aastha- u r welcm
were u able to solve q 79?