400 Assignment Questions: 1. Calculate the GDP by using both formulas, expenditure approach and income approach. Also calculate the Real GDP if CPI for Year 1 is 120 and CPI for Year 2 is 150 YEAR1 Millions Consumption 6,200 Indirect Taxes 200 Investment 1,600 Depreciation 800 Interest 400 Corporate Profit 500 Exports 500 Compensation of Employees 6,300 Government Purchases 1,000 Direct Taxes 800 Saving 1,100 Imports 700 Rent YEAR 2 Millions Government Purchases 2500 Wages 4000 Interest 500 Proprietor's Income 2000 Consumption 3000 Depreciation 200 Investment 1500 Indirect Taxes 300 Savings 700 Imports 9000 Rent 1000 Exports 10000 2. Calculate the all the missing figures and use the results for analyzing the unemployment rates its relationship with population and employment condition. Also identify if any discourage workers effect among the four years? Country: Peace Land Year 1 Year 2 Year 3 Year 4 Population 20,000 22.000 21000 25,000 Unemployed 7,500 9,000 7000 8000 Employed 11,000 12.000 10000 14000 Labor Fore ? ? ? Not in Labor Force ? ? ? ? Unemployment Rate Labor Force Participation Rate 2 ? 2 ? ? ? 2 2