Macro-1 - GDP DEFLATOR, CPI PDF

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GDP DEFLATOR, CPI...

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CPI DATE VALUE CHANGE, % 2018

164.9

5.08 %

2017

156.9

4.09 %

2016

150.8

3.77 %

2015

145.3

2.53 %

2014

141.7

7.19 %

2013

132.2

7.69 %

2012

122.8

9.68 %

2011

111.9

11.92 %

2010

100.0

13.88 %

2009

87.8

13.65 %

2008

77.3

20.29 %

2007

64.2

Source: World Development Indicators (WDI)

GDP DEFLATOR DATE VALUE CHANGE, % DATE

VALUE CHANGE, 41 % % 75 %

2018

4.08

14.51 %

2015

3.57

95.20 %

26 % 54 % %

2014

1.83

-38.15 %

2013

2.95

271.07 %

2011

0.80

21.92 %

1% 62 % 5% 50 %

2010

0.65

22.04 %

2009

0.54

26.45 %

2008

0.42

6.39 %

2007

0.40

-31.68 %

2006

0.58

-91.74 %

2005

7.05

-4.73 %

2004

7.40

2% 2%

UNEMPLOYMENT

Source: Quality of Government Institute Standard Dataset (Version January 2020)

Q.2.ACTUAL DATE

VALUE

CHANGE, %

RATE OF

2021

8.00

-28.08 %

2020

2020

11.12

65.03 %

2019

6.74

71.67 %

2018

3.93

-5.38 %

2017

4.15

44.83 %

2016

2.86

-36.71 %

2015

4.53

-47.51 %

INFLATION OF ECONOMY PAKISTAN IN

Source: IMF: World Economic Outlook (WEO), April 2020

 WHICH TYPE OF UNEMPLOYMENT OCCURS MORE IN PAKISTAN Frictional unemployment occurs when workers leave their old jobs but haven't yet found new ones.3 Most of the time, workers leave voluntarily, either because they need to move or have saved enough money to allow them to look for a better job.

Frictional unemployment also occurs when students are looking for that first job or when mothers are returning to the workforce. It also happens when workers are fired or, in some cases, laid off due to business-specific reasons, such as a plant closure. Frictional unemployment is short-term and a natural part of the job search process. In fact, frictional unemployment is good for the economy, as it allows workers to move to jobs where they can be more productive.

 WHICH TYPE IS MOST DANGEROUS FOR PAKISTAN Structural unemployment exists when shifts occur in the economy that creates a mismatch between the skills workers have and the skills needed by employers.3 An example of this is an industry’s replacement of machinery workers with robots. Workers now need to learn how to manage the robots that replaced them. Those that don't learn need retraining for other jobs or face long-term structural unemployment. A long recession often creates structural unemployment. If workers stay unemployed for too long, their skills have likely become outdated. Unless they are willing and able to take a lower-level, unskilled job, they may stay unemployed even when the economy recovers. If this happens, structural unemployment leads to a higher rate of natural unemployment. As we all know that Pakistan is an agricultural based country so some workers in field of farming becomes unemployed due to latest technology....