Question 1(a) and question 1(c) only

Instructions: Hand written answers will be accepted only. Write your name and ID on every page that you use. I must turn in onele only by the deadline. For Question 1 and Question 2 use the following table to answer the questions. Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food ant clothing only. The table below shoWS the hypothetical results. Item Price/unit 52009) Qty (20091 Price/unit (2008! Q {2008! Food Tk. 5 100 Tk. 20 400 Clothes Tk. 100 5 Tk. 400 20 Aluminum Tk. 200 2 Tk. 800 8 Base year: 2008 Question 1. a) Calculate GDP Dellator of 2009. b) Calculate the Growth rate of real GDP of 2009. e) What can you conclude from your answer to part a. d) What can you conclude from your answer to part 1). Question 2. a) Calculate the CPI of 2009. b) Calculate the ination rate of 2009. . c) If your salary in 2008 and 2009 was same, comment on your standard of living in these two years. d) If the bank interest rate was 9% in 2009, what was the real interest rate in 2009? El ,0 Type here to search