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    niena
    The document contains calculations to determine various macroeconomic measures from income and expenditure data provided in Malaysian ringgit. It first calculates GDP as RM800 million from wages, rents, dividends and profits. GNP is calculated as GDP plus net factor income from abroad of RM400 million, totaling RM1200 million. National income is GNP minus depreciation of RM50 million, equaling RM1150 million. It then calculates GDP from expenditure data as RM3450 million, GDP at factor cost as RM3470 million, GNP as RM3460 million, and national income as GNP minus depreciation of RM40 million plus subsidies of RM50 million, equaling RM3480 million.

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    REVISION

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    niena
    34 views3 pages
    The document contains calculations to determine various macroeconomic measures from income and expenditure data provided in Malaysian ringgit. It first calculates GDP as RM800 million from wages, rents, dividends and profits. GNP is calculated as GDP plus net factor income from abroad of RM400 million, totaling RM1200 million. National income is GNP minus depreciation of RM50 million, equaling RM1150 million. It then calculates GDP from expenditure data as RM3450 million, GDP at factor cost as RM3470 million, GNP as RM3460 million, and national income as GNP minus depreciation of RM40 million plus subsidies of RM50 million, equaling RM3480 million.

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    The document contains calculations to determine various macroeconomic measures from income and expenditure data provided in Malaysian ringgit. It first calculates GDP as RM800 million from wages, rents, dividends and profits. GNP is calculated as GDP plus net factor income from abroad of RM400 million, totaling RM1200 million. National income is GNP minus depreciation of RM50 million, equaling RM1150 million. It then calculates GDP from expenditure data as RM3450 million, GDP at factor cost as RM3470 million, GNP as RM3460 million, and national income as GNP minus depreciation of RM40 million plus subsidies of RM50 million, equaling RM3480 million.

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    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    34 views3 pages

    REVISION

    Uploaded by

    niena
    The document contains calculations to determine various macroeconomic measures from income and expenditure data provided in Malaysian ringgit. It first calculates GDP as RM800 million from wages, rents, dividends and profits. GNP is calculated as GDP plus net factor income from abroad of RM400 million, totaling RM1200 million. National income is GNP minus depreciation of RM50 million, equaling RM1150 million. It then calculates GDP from expenditure data as RM3450 million, GDP at factor cost as RM3470 million, GNP as RM3460 million, and national income as GNP minus depreciation of RM40 million plus subsidies of RM50 million, equaling RM3480 million.

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    of 3

    REVISION

    1. INCOME APPROACH (ada wages and salaries)

    Items RM (million)
    Wages and salaries (a) 500
    Income from rent, dividend and interest (a) 100
    Profit (a) 200
    Transfer payment (d) 100
    Corporate tax (d) 80
    Depreciation NI 50
    Private investment I 1,000
    Personal income tax (e) 20
    Employees Provident Fund (EPF) (d) 50
    Net factor income abroad (NIFA) 400

    Calculate the:
    a) Gross Domestic Product (wages salaries + dividend + rent + profit + interest)
    b) Gross National Product (GDPmp + NIFA) received - paid
    c) National Income (GNPfc - depreciation)
    d) Personal Income (NI + Transfer Payments - Corporate Income Taxes -
    Undistributed Earnings - EPF - SOCSO - Insurance Premium)
    e) Disposable Income (Personal Income - Personal Income Tax)
    GNPfc = GNPmp - indirect tax + subsidy

    ANSWER
    a) RM500 + RM100 + RM200 = RM800 million
    b) RM800 + RM400 = RM1200 million
    c) RM1200 million = GNPfc
    National Income: RM1200 - RM50 = RM1150 million
    d) RM1150 + RM100 - RM80 - RM50 = RM1120 million
    e) RM1120 - RM20 = RM1100 million
    2. EXPENDITURE (sbb bkn output) (xde manufacture, construction) (finance)
    Items RM (million)
    Exports X 500
    Personal consumption expenditure C 1,400
    Change in stock / inventory (a) -40
    Indirect business tax (b) 30
    Government expenditure G 990
    Investment I 1,000
    Personal income tax (utk kira disposable personal income) 80
    Subsidies (b) 50
    Imports M 400
    Factors income paid abroad (GNP) 80
    Depreciation (d) 40
    Factors income received abroad (GNP) 90

    Calculate the:
    a) Gross Domestic Product at market price (C + I + G + (X-M) ) + Changes in stock
    b) Gross Domestic Product at factor cost (GDPmp + Subsidies - Indirect taxes)
    c) Gross National Product (GDPmp + NIFA) received - paid
    d) National Income (GNPfc - Depreciation)
    GNPfc = GNPmp - indirect tax + subsidy

    ANSWER
    a) RM1400 + RM1000 + RM990 + (RM 500-RM400) + (RM-40) = RM3450 million
    b) RM3450 + RM50 - RM30 = RM3470 million
    c) RM3450 + (RM90 - RM80) = RM3460 million
    d) RM3460 - RM30 + RM50 = RM3480 million = GNPfc
    National Income: RM3480 - RM40 = RM3440 million
    3.
    Items RM
    (million)
    Paper money (M1) 5,500
    Negotiable certificate (M2) (NCD) 3,600
    Saving and fixed deposit in other financial institutions (M3) 7,900
    Saving and fixed deposit in commercial banks (M2) 15,000
    Current deposits in commercial banks (M1) 9,000
    Bank Negara Malaysia certificate (M2) 12,000

    Calculate the:
    a) If fiat money is RM8,000, calculate the amounts of coins
    b) M1
    c) M2
    d) M3
    e) Quasi Money
    f) Broad Near Money

    ANSWER
    a) RM8000 - RM5500 = RM2500 million
    b) RM8000 + RM9000 = RM17000 million
    c) RM17000 + RM3600 + RM15000 + RM12000 = RM47600 million
    d) RM47600 + RM7900 = RM55500 million
    e) RM47600 - RM17000 = RM30600 million
    f) RM55500 - RM17000 = RM38500 million

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