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Answer Question 30 by referring to the following data of an economy:
| $Mn | |
|---|---|
| Gross national product at market price | 46 |
| Change in stock | 3 |
| Net income from abroad | 1 |
| Subsidies | 4 |
| Depreciation | 5 |
| Indirect business tax | 6 |
| Net exports | 2 |
The gross national product at factor cost (in $Mn) is
The following are data of Country X.
| Year | 1992 | 1997 |
|---|---|---|
| GDP | $500 billion | $700 billion |
| Price Index (1990 = 100) | 120 | 135 |
The growth rate of real GDP from 1992 to 1997 is:
The following shows some assets of a farm. Which should be included in the calculation of investment expenditure of the GDP of this year?
Which of the following events that occurred in 1996 would lead to a rise in the GDP of 1996?
Which of the following items is NOT included in the calculation of GDP?
Which of the following items is included in the calculation of Hong Kong's GDP?
In using the expenditure approach to calculate the Gross National Product (GNP) of an economy, imports should be deducted because:
Refer to the following information about an economy:
| $ | |
|---|---|
| GNP at market price | $100 |
| Exports of goods and services | 20 |
| Imports of goods and services | 30 |
| Net income from abroad | -5 |
| Indirect taxes | 25 |
| Subsidies | 35 |
| Depreciation | 5 |
The GDP at factor cost is:
GDP will be greater than GNP when
If a country's real GNP and price level both increase by 5%, this implies that