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21.
YearNominal GDP ($ billion)Population (million)Consumer Price Index
13 0002100
23 5002.5110

According to the above information, from Year 1 to Year 2, the economy's real GDP has ________ and the per capita nominal GDP has ________.

22.

Which of the following $5 million amounts is an investment expenditure in the national income accounting of Hong Kong?

23.

Gross domestic product (GDP) will be greater than gross national product (GNP) when the amount of

24.

The following table shows the statistical data of an economy.

Components$Million
Private consumption expenditure200
Government consumption expenditure150
Net domestic fixed capital formation300
Decrease in stock70
Subsidies120
Depreciation50
Net exports300
Net income from abroad80
Direct tax100

The GDP at factor cost (in $mn) is

25.

Which of the following items should be included in the calculation of Hong Kong's net external factor income flow (i.e., net income from abroad)?

(1)the spending of a Japanese tourist in Hong Kong
(2)the revenue earned by a Hong Kong watch manufacturer from selling watches to Europe
(3)the rental income of a Hong Kong resident from property investment in the U.K.
(4)the interest received by a Hong Kong resident from his savings deposit in a bank in Switzerland
26.

GDP at constant market prices would NOT be a good indicator to compare the living standard of two countries when the ____________ of the two countries is different.

(1)population size
(2)income distribution
(3)inflation rate
27.

Which of the following items is included in the calculation of the gross domestic product (GDP) of Hong Kong?

28.

The following table shows the statistical data of an economy in a certain year.

Million Dollars
Private consumption expenditure50 000
Government consumption expenditure8 000
Gross domestic fixed capital formation7 000
Decrease in inventory3 000
Total export30 000
Total import45 000
Indirect taxes50
Depreciation allowance4 200

The GDP at market price (in million dollars) is

29.

A production chain is shown below.

Question figure

The contribution of the above production chain to Hong Kong's GDP is

30.

Study the following information about a country:

YearNominal GDP (in million dollars)Price index
200375 00090
2004100 000100

As compared to 2003, the ______________ of this country was higher in 2004.

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