ECO403 GDB NO1 Solution Autumn 2021-GDB Solutions-VU-Macroeconomics

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00:00In the name of Allah, the most Gracious, the most Merciful.

00:02Peace be upon you, dear students and viewers.

00:04Welcome to my YouTube channel, DigiLearnerPoints.

00:07In today's video tutorial, we will solve the assignment number 1 of the subject code ECO-403.

00:19By the way, I have given the name of the solution file as GDB.

00:25But, this is an assignment.

00:27So, let's study the case related to our assignment.

00:31Then, we will read out the requirement.

00:33After understanding it, we will move on to the solution.

00:38So, let's start the case study.

00:41The total marks are 10.

00:43The due date is 19 December 2021.

00:47Indonesian economy is one of the important economies in Asia.

00:58Globalization has boosted economic growth as well as per capita income of Indonesian public.

01:16As a result, living standard of the people of Indonesia has been changed due to more trade activities.

01:31Different facts and figures of the economy of Indonesia along with their particular requirements have been given below.

01:40Different facts and figures of the economy of Indonesia along with their particular requirements have been given below.

01:55Suppose, the economy of Indonesia produces only two goods, i.e., sugar and rice.

02:09Vertically, we have mentioned the year.

02:16Horizontally, we have mentioned the price of two goods, i.e., sugar and its quantity respectively.

02:27So, let's read out the things related to it and try to solve it.

02:38The information given in Table 1 is nominal GDP for the year 2015, nominal GDP for the year 2016, and nominal GDP for the year 2017.

02:52This is called Gross Domestic Product.

02:56What is Gross Domestic Product?

02:59It is the GDP of any commodity that has a monetary value.

03:10So, let's start with the requirements.

03:15Let's read it together and solve it together.

03:19Requirements 2. Expose the data regarding nominal GDP and real GDP of Indonesia for the year 2018, 2019, and 2020 has been mentioned in Table 2.

03:31Suppose, the data regarding nominal GDP and real GDP of Indonesia has been mentioned in Table 2 for the year 2018, 2019, and 2020.

03:44Complete the missing values by using the information given in Table 2.

03:50We have to determine the missing values in Table 2 based on the information given in the rest of the table.

03:57We have to determine the missing values in Table 2 based on the information given in the rest of the table.

04:04Requirements 3. Expose the facts and figures of the economy of Indonesia for the year 2010 to 2014.

04:27The facts and figures of the economy of Indonesia have been mentioned in Table 2 for the year 2010 to 2014.

04:38Complete the missing values by using the information given in Table 3.

04:43We have to determine the missing values in Table 3 based on the information given in the rest of the table.

04:54We have the item and the year.

04:56We have to determine the item and the year.

04:58We have to determine the item and the year.

05:00We have to determine the item and the year.

05:02We have to determine the item and the year.

05:04We have to determine the item and the year.

05:06We have to determine the item and the year.

05:08We have to determine the item and the year.

05:10We have to determine the item and the year.

05:12We have to determine the item and the year.

05:14We have to determine the item and the year.

05:16We have to determine the item and the year.

05:18We have to determine the item and the year.

05:20We have to determine the item and the year.

05:22Let's go to the solution.

05:25Let's try to solve it.

05:34I have taken the help of Excel to solve it.

05:38I have taken the help of Excel to solve it.

05:39You can see it.

05:40You can see it.

05:41The purpose of the solution is that we have Part 1, 2015, 2016, 2017.

05:48and as it is

05:50till here

05:52the black portion

05:54i have just inputted it

05:56the solution i have is

05:58nominal GDP

06:00which is the last column

06:02as i told you that GDP in any economy

06:04all the products produced

06:06their monetary value

06:08we call it GDP

06:10as per our case

06:12in indonesian economy

06:14there are only two goods

06:16rice and sugar

06:18so first

06:20in the first column

06:22we have taken the quantity of rice and sugar

06:24in the second column

06:26we have taken the quantity of rice

06:28in the third column

06:30in the respective column

06:32or in the conjective column

06:34or in the next column

06:36now if we take out the nominal GDP

06:38i have used the formula

06:40so you can see

06:42D4 into E4

06:44D4 into E4

06:46plus

06:48F4

06:50which is the price of rice per kg

06:52in rupees

06:54then into G4 which is the quantity

06:56so i have used this parenthesis

06:58so that you can separate it

07:00and after that

07:02when i have entered it

07:04then i have the GDP of 2015

07:06149

07:08after that i have kept it here

07:10and if you see here

07:12if you direct it

07:14then it will automatically

07:16apply the formula

07:18and calculate it

07:20so we have

07:22nominal GDP of 2016

07:24is 225,000

07:26and nominal GDP of 2017

07:28is 267,000

07:30the secret of nominal GDP

07:32is that

07:34the inflation

07:36is included

07:38in the nominal figure

07:40secondly

07:42we have to determine the missing values

07:44GDP is a deep letter

07:46we make any

07:48base

07:50so that we can

07:52find out

07:54the effect of inflation

07:56from the nominal GDP

07:58so we have

08:00nominal GDP so we are making base of 2018

08:02so we do

08:04nominal GDP is

08:06GDP in 2018 which is the base year

08:08so we have

08:10the formula

08:12nominal GDP divided by real GDP

08:14into 100

08:16so when you divide it by 30,000

08:18so we have 100

08:20base year

08:22so this is missing

08:24so i have put the formula

08:26D12

08:28divided by

08:30in parenthesis

08:32E12 into 100

08:34so we have 106

08:36so if i want to tell you the inflation

08:38so i will tell you by adding

08:40so how much was the inflation

08:44so we have

08:466.06%

08:48you can say

08:50we have inflation

08:52so sorry this is the

08:54respective card

08:56we have to go according to the base period

08:58this

09:00so we have 8.11

09:02so what is the

09:04inflation

09:06for 2019

09:08106.06

09:10and for 2020

09:12108.11

09:14in terms of price

09:16in third we have to find the missing values

09:18i will give the missing values

09:20color so that you can

09:22understand easily

09:28sorry

09:34sorry

09:44last one

09:46i am missing something

09:48i think

09:501,2,3

09:58again

10:00sorry

10:02sorry

10:04i have to check

10:0655

10:0817%

10:1020%

10:1255

10:20this one

10:22i have to

10:24score

10:26this one

10:30then we have

10:32this

10:34this

10:40this

10:42this

10:44this

10:48this

10:50this is the missing values

10:52which we have determined

10:54again

10:56i have used the formula

10:58normally what you have to do

11:00in this value

11:02you have to add

11:04x

11:06x is 100,000

11:08minus

11:1015,000

11:1225,000

11:1410,000

11:16i have used this formula

11:18D22 minus

11:20D19 to

11:22D21

11:24then you have

11:2650,000

11:28then what you have to do

11:30you have to click

11:32like table

11:34then

11:36sum

11:38D18 to

11:40D21

11:42D18 to

11:44D21

11:46then you can see

11:48this sum and this sum

11:50like this

11:52similarly, we have

11:54second element

11:56in this

11:58the formula will be different

12:00the first element of formula

12:02E22

12:04D22

12:06E22 minus

12:08sum

12:10there is a gap

12:12which is missing value itself

12:14then what we have to do

12:16E18 comma

12:18then E20

12:2021,000

12:22E21 11,000

12:24now how this comma will come

12:26first you have to select

12:28then you have to press

12:30control button

12:32then you have to select

12:3421,000

12:36then you have to select

12:3811,000

12:40then you have to select

12:4221,000

12:44same technique we have applied

12:46here also comma

12:48and here which technique

12:50we have applied

12:52so this is last one

12:54so you can see

12:56E22 minus sum

12:58G18 to G20

13:00so we have missing value

13:02so we have 2014

13:04all product values

13:06we have

13:08all elements

13:10government expenditure

13:12net export

13:14add up

13:16formula

13:18H18 dash H21

13:20so here

13:22you can see

13:24auto sum

13:26auto sum

13:28so you have to press

13:30then it will auto sum

13:32what is verification

13:34same formula

13:36select

13:38again

13:40square

13:42you can see

13:44convert

13:46drag

13:48last cell

13:50you can see

13:52all values

13:54you can see

13:56gross domestic product

13:58values

14:00match

14:02means

14:04your calculation is correct

14:06here your assignment is over

14:08i hope you understand

14:10if you have any question

14:12you can ask in comment section

14:14if you want to share

14:16your thoughts

14:18knowledge

14:20you can share

14:22thanks for watching

14:24Assalamualaikum

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