1. The following data refers to the National Income of a particular country for the year

ended 31st December 2014.

Table 1: National Income Data

ITEMS RM MILLION

Transportation 50

Education 1,000

Agriculture 80

Banking and finance 123

Transportation 256

Electricity, gas and water 789

Tax on consumption 144

Subsidies 130

Factor Income From Abroad 2455

Factor Income Paid Abroad 712

Capital consumption 976

a. Calculate:

i. gross domestic product (GDP) at market price. (4 marks)

ii. gross national product (GNP) at factor cost.

iii. national income.

b. Give THREE (3) problems calculating national income.

2. The following data refers to the National Income of a particular country for the year

ended 31st December 2014.

Table 2: National Income Data

ITEMS RM MILLION

Subsidies 250

Education 4,000

Agriculture 780

Depreciation 123

Other services 286

Electricity, gas and water 789

Tax on consumption 144

Transportation 130

Factor Income From Abroad 2055

Factor Income Paid Abroad 732

Banking and Finance 966

a. Calculate:

i. gross domestic product (GDP) at market price. (4 marks)

ii. gross national product (GNP) at factor cost.

iii. national income.

b. Give THREE (3) uses calculating national income.

3. The following data refers to the National Income of a particular country for the year

ended 31st December 2015.

Table 3: National Income Data

ITEMS RM MILLION

Consumption expenditure 2250

Investment 61,000

Transfer payment 580

Government expenditure -623

Export 386

Import 939

Indirect tax -274

Subsidy 130

Factor Income From Abroad 2455

Factor Income Paid Abroad 612

Depreciation 3976

Employees Provident Fund 341

Social Security Contribution (SOCSO) 456

Rent 100

a. Calculate:

i. gross domestic product (GDP) at market price. (4 marks)

ii. gross national product (GNP) at factor cost.

iii. disposable personalincome.

b. Give THREE (3) methods calculating national income.

4. The following data refers to the National Income of a particular country for the year

ended 31st December 2017.

Table 4: National Income Data

ITEMS RM MILLION

Private expenditure 1000

Private investment 2000

Transfer payment 1300

Import 300

Export 2000

Public expenditure 3000

Indirect tax 1200

Subsidy 3000

Net income from abroad -2500

Wages 300

Depreciation 400

Employees Provident Fund 500

Social Security Contribution (SOCSO) 300

Rent 100

a. Calculate:

i. gross domestic product (GDP) at market price. (4 marks)

ii. gross national product (GNP) at factor cost.

iii. disposable personalincome.

b. Explain two sector economic flow with a suitable diagram.

5. Table 5 shows the money supply for Country USL in year 2015.

Table 5: Money Supply for Country USL

ITEMS RM million

Token money 4,000

Paper money 1,000

Demand deposits 25,000

Saving deposits in commercial banks 37,000

BNM certificate by finance companies 66,000

Fixed deposits in commercial banks 11,000

New negotiable certificates by RHB Bank Bhd 5,000

Fixed deposit in Finance Companies 9,000

Repurchase agreements (Repos) placed with commercial

banks 3,000

Repurchased Agreements (Repos) placed with other

financial institutions 2,000

a.Calculate:-

i. fiat money.

ii. M1, M2 and M3.

iii. near quasi money.

iv. broad quasi money.

b. List THREE (3) types of money.

6. Table 6 shows the money supply for Country XYZ in year 2015.

Table 6: Money Supply for Country XYZ

ITEMS RM million

Coins 400

Notes 100

Current deposits in commercial banks 450

Saving deposits in commercial banks 245

BNM certificate by Takaful companies 789

Fixed deposits in commercial banks 120

New negotiable certificates in Islamic Banks 546

Fixed deposit in Public Merchant Bhd 876

Repurchase agreements (Repos) placed with commercial

banks 435

Repurchased Agreements (Repos) placed with financial institutions 190

a.Calculate:-

i. fiat money.

ii. M1, M2 and M3.

iii. near quasi money.

iv. broad quasi money.

b. List THREE (3) characteristics of money.

7. Table 7 shows the money supply for Country OPQ in year 2013.

Table 6: Money Supply for Country OPQ

ITEMS RM million

Currency in circulation 2500

Paper money 1200

Fixed deposits in commercial banks 450

Saving deposits in Islamic banks 245

BNM certificate by Takaful companies 789

Demand deposits in commercial banks 120

New negotiable certificates in RHB Islamic Bank 546

Fixed deposit in Public Merchant Bhd 876

Repurchase agreements (Repos) placed with commercial

banks 435

Repurchased Agreements (Repos) placed with financial institutions 190

a.Calculate:-

i. coins.

ii. M1, M2 and M3.

iii. near quasi money.

iv. broad quasi money.

b. List THREE (3) functions of money.

8. Table 8 shows the money supply for Country OPQ in year 2013.

Table 8: Money Supply for Country OPQ

ITEMS RM million

BNM certificate 3500

Fiat money 7200

Traveller cheque 750

Saving deposits in with other financial institutions 260

BNM certificate at insurance companies 1000

Demand deposits in commercial banks 1200

New negotiable certificates in CIMB Bank Bhd 600

Fixed deposit in Public Bank Bhd 820

Repurchase agreements (Repos) placed with commercial

banks 435

NIDS's placed with financial institutions 190

Coins 2000

a.Calculate:-

i. Paper money

ii. M1, M2 and M3.

iii. near quasi money.

iv. broad quasi money.

b. List THREE (3) motives of holding money according Keynes.

9.Table 9 shows the total population and labour statistics in 2015.

Table 9 : Total Population Labour Statistic

Type of people (million)

Employed 2150

Unemployed 425

Above 64 years old 140

Full time student 900

Housewives 30

Pensioners 250

Disabled 260

a.Calculate :

i.total number of people in the labour force.

ii.the unemployment rate.

iii.total number of person NOT in the labour force.

b.Explain FOUR (4) types of unemployment in the economy.

)

10. Table 10 shows the total population and labor statistics in 2018 and 2019.

Table 10 : Labour Statistics in 2015 and 2016

Type of people Years

2018 (million) 2019(million)

Above 65 years old 450.0 420.0

Unemployed 100 120

Employed 2000 2500

Housewives 15 30

Pensioners 20 25

Disabled 10 7

a.Calculate :

i.the number of people in the labour force for 2018 and 2019.

ii.the unemployment rate for 2018 and 2019.

iii.total person who are NOT in the labour for 2018 and 2019.

b.In which year unemployment rate is the highest?

c.List THREE (3) disadvantages of unemployment to the social.

11.Table 11 shows the recent figures for production of cars and jugs in Happyland and

Sadland.

Table 11: The production of Cars and Jugs

COUNTRY Cars Jugs

Happyland 1500 1800

Sadland 3000 800

a. Define absolute advantage and identify which state has an absolute advantage in

the production of cars.

b. Define comparative advantage and identify which state has a comparative

advantage in the production of jugs?

c. Construct the table before specialization and after specialization.

d. If trade agreement is negotiated, at what rate would they agree to exchange?

e. List TWO (2) benefits for implementation protectionism policy. (2 marks)

12. Based on Table 12, answer the following questions:-

Table 12: The Production of Computers and Televisions

Country Computers Televisions

Myanmar 5,000 2,500

Indonesia

2,000 2,200

a. Which country has an absolute advantage in both line of production?

Why?

b. Calculate the opportunity cost to produce computers and televisions for both

countries.

c. Based on the comparative advantage theory, state the line of specialization

for each country and construct the table after specialization.

d. Suggest a term of trade that will benefit both countries.

e. List THREE (3) reasons for implementation protectionism policy.

13.Table 13 shows the recent figures for production of breads and shoes in Cambodia and

India.

Table 13: The production of Breads and Shoes

COUNTRY BREADS SHOES

CAMBODIA 1500 1800

INDIA 3000 800

a. Define absolute advantage and identify which state has an absolute advantage in

the production of breads.

b. Define comparative advantage and identify which state has a comparative

advantage in the production of shoes?

c. Construct the table before specialization and after specialization.

d. If trade agreement is negotiated, at what rate would they agree to exchange?

e. List FOUR (4) tools of protectionism policy.

14.Data on Balance of Payment for Country Bombayah is shown in Table 14.

Table 14 : Balance of Payment for Country Bombayah

ITEMS RM million

Export 113,000

Investment income 85,000

Net transfer 21,000

Error and omissions 13,000

Corporate investment 94,000

Education 8,000

Import -6,000

Government transactions 23,000

Other services 5,000

Capital account balance 12,000

Telecommunication 15,000

Based on the given information, calculate :

a. a.trade balance.

b.service account balance.

c.balance on current account.

d.overall balance.

15.Data on Balance of Payment for Country HIJ is shown in Table 15.

Table 15 : Balance of Payment for Country HIJ

ITEMS RM MILLION

Export 15,000

Net transfer 10,000

Transportation 10,000

Import 2,000

Error and omissions 7,000

Direct investment 16,000

Private investment 40,000

Freight and insurance 2,000

Investment income 8,000

Tourism 17,000

Banking and finance 10,000

Net capital 15,000

Based on the given information, calculate :

a. a.trade balance

b.service account balance

c.balance on current account

d.financial and capital account balance

e.overall balance