Qno1 (A)

You are given the following information.

Savings S = 150

Investment I= 100

Taxes T = 250

Government Purchases G = 500

Compute the level of private savings, public savings, and national savings.

(B)

The labor force in Pakistan is 15,000,000 and the number of employed is 12,000,000. Calculate the number of unemployed and the unemployment rate. Also discuss it in few lines by comparing it with NRU (natural rate of unemployment 5%). Kindly describe it detailed.