PAKISTAN CURRENT ACCOUNT TO GDP Pakistan recorded a Current Account deficit of 2 percent of the country’s Gross Domestic Product in the fiscal year 2011-12. Current Account to GDP in Pakistan is reported by the State Bank of Pakistan. Pakistan Current Account to GDP averaged -2.32 Percent from 1980 until 2012‚ reaching an all time high of 4.90 Percent in June of 2003 and a record low of -8.50 Percent in June of 2008. The Current account balance as a percent of GDP provides an indication on the level
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Writing Assignment #2: Gross Domestic Product Gross domestic product also known as GDP is the total value of all goods and services produced in the economy during a specified period of time‚ such as a year or quarter. GDP is very important to the American economy because it effects each individual in some type of way. Improvements in the economic well-being of individuals in any society cannot occur without such an increase in real GDP. When real GDP per capita is increasing‚ then the well-being-
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Assignment # 2 – Parity Relationships Due midnight‚ Wednesday‚ 7/17 By Class Time on Thursday‚ 7/18 1. | London | New York | Spot Exchange Rate ($/GBP) | 1.3264 | 1.3264 | Interest Rates | 3.900% | 4.500% | Expected Inflation Rates | 0.650% | 1.250% | a. What is the expected rate of inflation in London? iPC - iBC = PC - BC 4.500% - 3.900% =1.250% - BC PC = 0.650% b. Using Uncovered Interest Rate Parity‚ what is the value of the expected spot exchange rate in two
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has been considered one of the most powerful global economies. Despite of the remarkable growth experienced during the period 2000-2007‚ in 2008-2009 coinciding with the financial crisis‚ the economy constrained causing a sharp deceleration in the GDP growth. Surprisingly‚ the country recovered so fast achieving an unprecedented growth of 14.8% in the year 2010. How can a small country like Singapore avoid the economic recession and become one of the world-fastest growing economies? This study tries
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’Exchange Rate’ The price of a nation’s currency in terms of another currency. An exchange rate thus has two components‚ the domestic currency and a foreign currency‚ and can be quoted either directly or indirectly. In a direct quotation‚ the price of a unit of foreign currency is expressed in terms of the domestic currency. In an indirect quotation‚ the price of a unit of domestic currency is expressed in terms of the foreign currency. An exchange rate that does not have the domestic currency
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The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country’s economy. It represents the total dollar value of all goods and services produced over a specific time period - you can think of it as the size of the economy. Usually‚ GDP is expressed as a comparison to the previous quarter or year. For example‚ if the year-to-year GDP is up 3%‚ this is thought to mean that the economy has grown by 3% over the last year. Measuring GDP is complicated (which is
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June 2012. Discuss how the 2012 GDP and its components were affected under the three different approaches of GDP accounting. A garage was operated by Peter. In March 2012‚ he spent $60‚000 buying a 5-years old second-hand car. Also‚ he paid his worker $5000 to repair and clean up the engine. In June 2012‚ he sold the car at $68‚000. In Q7.1‚ It requires us to find the changes of gross domestic product (GDP). First‚ I would state the definition of GDP. GDP refer to the market value of all
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requested by your instructor‚ please include an assignment cover sheet. This will become the first page of your assignment. In addition‚ your assignment header should include your last name‚ first initial‚ course code‚ dash‚ and assignment number. This should be left justified‚ with the page number right justified. For example: Student: ODEDOYIN A FIN 5013-8 ACTIVITY 3 Save a copy of your assignments: You may need to re-submit an assignment at your instructor’s request. Make sure you save your files
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Question 1 GDP growth occurs when there is an increase in change of real GDP from the previous year to the current year. Labor‚ capital‚ land and entrepreneurship produces GDP and the productivity of these production factors determines the quantity of real GDP. In the Singapore economic environment‚ the supply of land is fixed and constant‚ so our real GDP growth constitute and depend heavily on labor and foreign capital investments. A huge bulk of GDP generated‚ 71.7% comes from the services
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Inflation is the meaning of an increment in the general level of prices for goods and services in economy over of a period time. GDP deflator (gross domestic product deflator) is a way for measuring the changes in the average of prices of all goods and services that constitute GDP (gross domestic product). As shown in the graph above‚ in year 2007‚ the inflation rate of Singapore higher than United Kingdom. It is because the Singapore’s electronic road pricing (ERP) rates are already raised for
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