經濟 2010 年 DSE、CE、AL 選擇題（第 4 頁）

31.

Study the following table and answer questions 26 and 27.

GDP Items	$ billion
Private consumption expenditure	100
Gross domestic fixed capital formation	200
Changes in inventories	-50
Depreciation	10
Government consumption expenditure	150
Transfer payments	20
Indirect taxes	100
Subsidies	40
Net exports of goods and services	-15

The GDP at factor cost is $________ billion.

32.

In 1920, A.C. Pigou of Cambridge advanced the argument that, with a superior road and an inferior road, car drivers flock to use the superior road and cause traffic congestion.

33.

The following diagram shows a production chain of computers in an economy. It involves the import of $6 000 worth of raw materials.

What is the contribution of the above production chain to the economy's GDP at factor cost ?

34.

The per capita real GDP of a country would overstate the living standard of its people because it

(1)does not reflect the improvement in the quality of goods and services produced.

(2)does not reflect the uneven distribution of income.

(3)does not reflect the undesirable effects of production.

(4)excludes the calculation of the goods and services not transacted in the market.

35.

Which of the following is a public good produced privately?

36.

Which of the following amounts should be deducted from the GDP of Hong Kong in order to calculate the gross national product of Hong Kong?

37.

The following phenomena are observed in an economy: • Retail receipts are increasing • The employment of the manufacturing sector is increasing • The stock prices are increasing • The forecast of the real GDP growth rate has been revised upward

Which phase of the business cycle is the economy in?

38.

Below are the employment figures of a country.

	Number of Persons
Employment	18 000
Unemployment	2 000

Suppose there are new job seekers entering into the labour market after graduation but only 85% of them succeed in finding a job. The unemployment rate ____.

39.

Year-on-year percentage change:

Year	GDP at current market prices	GDP at constant (2000) market prices
2007	9.5%	6.4%
2008	3.8%	2.4%

Based on the above information, we can conclude that in 2008,

40.

Which of the following statements about money are correct?

(1)The use of money reduces the information cost of searching for trading partners.

(2)Money would not exist if there are no banks.

(3)Money still exists if all transactions are settled by electronic transfer (or settled online).