2005 年

The following is observed in an economy: the unemployment rate is decreasing, the price level is no longer falling but rising instead, and the investment expenditure is increasing. In which phase of the business cycle is the economy situated?

According to the above data,

Which of the following would gain when unexpected inflation occurs?

Refer to the following diagram about the GDP deflator of Hong Kong from January 2000 to September 2004.

Based on the above diagram, we can conclude that during this period,

Country A used gold as its currency. Suppose the scientists in the country have found a method to produce gold at nearly zero cost. As a result, the government has decided to give up using gold as its currency. This illustrates that good money has to be

Below is the balance sheet of a banking system.

Suppose the banking system has no excess reserves. After a withdrawal of $100 from the banks, the maximum possible amount of deposits of the banking system would be

Suppose Mrs Wong withdraws HK$300 000 from her savings deposit with a commercial bank. She converts HK$200 000 of the above amount into Renminbi (人民幣) and deposits it into a Renminbi savings deposit with the same bank. She keeps the remaining HK$ 100 000 at home. The immediate effect of the above events is:

Study the following data:

If the above tax is progressive, the value of x must be

Which of the following is/are the difference(s) between a direct and an indirect tax?