ECO402 Assignment 1 Solution Spring 2022

ECO402 Assignment 1 Solution Spring 2022

Among basic food items, wheat crops and sugarcane are significant and high-value cash crops being locally produced in Pakistan. But unfortunately, the wheat and sugar crisis hit several times in the history of Pakistan due to unfair political support from powerful landlords. Despite producing 27 million tons of wheat and 81 million tons of sugarcane, Pakistan has imported 3.612 million tons of wheat and 281,328 tons of sugar in FY2021.

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In order to regulate the two primary commodities’ increasing prices, the government has actually opted for much higher imports, but these attempts have so far failed to bring any price relief to consumers. In the below table, nominal prices of wheat flour and refined sugar and CPI values for the years 2019 to 2021 are given.

ECO402 Assignment 1 Solution Spring 2022


Using the information provided in the above table and assuming Aug- 2019 as the base year, find the real price of wheat flour and refined sugar for each given year.

The real estate sector in Pakistan is gaining attention from investors day by day. The real estate market in Pakistan is worth between $1.5 and $2 trillion. Pakistan’s real estate sector has significant potential to contribute to annual GDP growth, which is worth almost $314 billion. The reason behind this is the prices of properties have been increasing in the

last two decades so investors feel it is a relatively safer investment option. Real estate includes residential, commercial, industrial, and agricultural properties. 24 hours extra/grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and the above-mentioned due dates should always be treated as final to avoid any inconvenience

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.As you know that semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience the activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after the due date of assignments, quizzes, or GDPs.

ALSO SEE, ECO401 Assignment 1 solution SPRING 2022