1. What is Gross Domestic Product ? Why used good is not a part of GDP ? 4. Calculate the GDP by using the value -added approach for the following problem : (a) Lets say a farmer produced paddy and sold a ky of paddy to the miller at Tk. 25. The miller converted the paddy into rice and charges the wholesaler Tk. 30 per kg. The wholesaler adds TK . 3 more before selling it to the retailer while the consumer finally purchased a ky of rice at Tk . 40 . (b) Can you explain double counting problem from the above stated problem in 5. Lest assume , Bangladesh produces only fish and crats (two commodity economy ) . Commodities 2009 2010 Commodities 2009 2010 Quantities Price Quantities Price in tore ) (taka per tore ) ( in tore ) ( taka per tore ) 1000 20 1100 30 Crabs 500 10 525 8 3) Calculate Bangladesh's nominal GDP in 2009 and 2010 ( base year 2009 ) b) Calculate real GDP for Bangladesh in 2010 expressed in 2009 dollars ( hint : expressed in 2009 mears base year 2009 ) :) Calculate real GDP for Bangladesh in 2009 expressed in 2010 dollars d) Calculate the real economic growth for Bangladesh economy in 2010 in compared to 2009 ? ( base year 2009 ) e) Calculate the real economic growth for Bangladesh economy in 2010 in compared to 2009 ? (base year 2010 1 e ) Calculate GOP deflator for the Bangladesh in 2010 and explain what does it implies ? ( base year 2009 6. Calculate Bangladesh's size of GDP for 2016 -17 in expenditure approach by using the following information : (a) Consumption in the economy was equivalent of TK . 14754 billion .In addition , private investment was about TK . 4.564 billion while government spending was Tk . 1465 billion . At the same time , export was equivalent of Tk . 2.971 billion while import payment was around Tk . 4005 billion (b) Find out the per capita GDP of Bangladesh for a population size of 160 million ? 7. Assume there are only two goods in a consumer basket orange and apple . Consumers buy 10 oranges and 5 apples respectively at Tk . 10 and Tk . 8 for each in 2009 . However , in 2010 price of an orange became double while apple price raced to TK . 12. (3) Calculate the Consumer Price Index ( CPI ) for 2009 and 2010 while considering 2009 a the base year . (b) Explain what does CPI implies for 20 10 in respect to 2009 ? (c) Calculate the inflation rate for 2010 ? B. Write down at least three differences between CPI and GDP deflator ? 9. Arewer the following questions from these tables ? (a) Calculate GDP following the expenditure approach ? (b ) Calculate GDP following the income approach ? ( c) Calculate GNI from the table ? (d) Compare the value of GNI with GDP and comment why one is larger than another ? SIno. Particulars Value (in '000 USD ) Interest Income 150 JNP Depreciation Wages 67