Ask Question
BusinessBusiness
22 October, 19:14

Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 2.60 trillions of rupees. Individuals consume: 9.30 trillions of rupees. Individuals save: 5.18 trillions of rupees. Businesses invest: 1.80 trillions of rupees. Foreigners spend: 0.61 trillions of rupees to purchase Pakistani firms. Pakistan imports: 2.08 trillions of rupees. Pakistan exports: 1.29 trillions of rupees. Calculate Pakistan's GDP. Assume that the values are all current and no conversions need to be made. Give your answer in terms of trillions of rupees, and round to two decimals. g

+5
Answers (1)
  1. 22 October, 19:40
    0
    = 12.91 trillion rupees.

    Explanation:

    The question is to Calculate Pakistan's GDP based on the provided information

    First, the formula to calculate the Gross Domestic Product is as follows:

    GDP = C + I + G + (X - M)

    Where C = Individual Consumption = 9.30 trillion rupees

    I = The investment = Business Investment = 1.80 trillion rupees

    G = Government Purchases = 2.60 trillion rupees

    X = Exports = 1.29 trillion rupees

    M = Imports = 2.08 trillion rupees

    Using the formula therefore,

    Pakistan's GDP

    = 9.30 trillion rupees + 1.8 trillion rupees + 2.6 trillion rupees + (1.29 trillion rupees - 2.08 trillion rupees)

    = 12.91 trillion rupees.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 2.60 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A liability created when a business collects cash from customers in advance of providing services or delivering goods is called? a (n)
Answers (1)
What major advantages did Electra gain by using a contract manufacturer in Taiwan to produce its bikes
Answers (1)
Suppose you are a salesperson for an office supply company. one of your customers left you a message indicating that they were unhappy about the last order they received.
Answers (1)
What is a money market
Answers (1)
When consumption of a good generates a positive externality, which of the following must be true at the market equilibrium? A. Marginal social benefit is less than marginal private cost. B.
Answers (1)
New Questions in Business
Information about the cause of death listed on a death certificate may be unreliable because:
Answers (1)
In 2009, 1 U. S. dollar purchased 1600 Korean won and in 2013 it purchased 800 Korean won. How much did 1000 Korean won cost in U. S. dollars in 2009 and 2013? Group of answer choices 2009:.84 dollars, 2013: 1.09 dollars 2009:.62 dollars, 2013: 1.
Answers (1)
structural changes must an organization undertake to switch from a product to a customer orientation?
Answers (1)
A successful quality strategy begins with A. an understanding of the principles of quality. B. satisfying customers and obtaining a competitive advantage. C. engaging employees in the necessary activities to implement quality. D.
Answers (1)
If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor, but never tell anyone that he was, would contracts entered into be considered to be fraudulent?
Answers (1)
Home » Business » Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 2.60 trillions of rupees. Individuals consume: 9.30 trillions of rupees. Individuals save: 5.18 trillions of rupees.
Sign Up Forgot Password?