AL Econ Macro PastPaperSortedinTopics
2008-AL-ECON-II
Past Questions on Macroeconomics
Prepared by A.Chow
Unit 1 – National Income Accounting
1. Which of the following are included in the national income of Hong Kong?
(1) government spending on public assistance.
(2) commission from the sale of second-hand cars.
(3) salaries of the employee of the Jockey Club.
(4) receipts form the sale of stocks and shares.
A. (1) and (2) only
B. (1) and (4) only
C. (2) and (3) only
D. (3) and (4) only
(90 -01)
Refer to the following national income statistics of a hypothetical economy.
($ billion)
Consumers’ expenditure
1150
Government final consumption
380
Gross domestic fixed capital formation
340
Value of physical increase in stocks and work in progress
30
Exports of goods and services
550
Imports of goods and services
540
Net property income from abroad
10
Taxes on expenditure
300
Subsidies on production units
40
Capital consumption
220
2. The gross national product at market prices is
A. $1 880 billion.
B. $1 920 billion.
C. $2 140 billion.
D. $2 400 billion.
(91-11)
3. The difference between national income at market prices and national income at factor cost is
A. $220 billion.
B. $260 billion.
C. $300 billion.
D. $340 billion.
(91 -12)
1
2008-AL-ECON-II
Past Questions on Macroeconomics
Prepared by A.Chow
4. Below are the national income statistics of an economy in a certain year:
$ million
Wages
60
Rent
50
Depreciation
30
Interest
25
Expenditure taxes
20
Dividend
15
Subsidies
11
Retained profits
10
Profits tax
8
The amount of national income at factor cost is
A.
$159 million.
B.
$160 million.
C.
$168 million.
D.
$177 million.
(92 -14)
5. Which of the following items should be excluded from GNP at market prices in order to calculate disposable personal income?
(1) indirect business taxes
(2) income tax
(3) retained earnings
(4) transfer payments
(5) subsidies
A. (1), (2) and (3) only
B. (1), (2) and (4) only
C. (1), (3) and (5) only
D. (2), (4) and
Past Questions on Macroeconomics
Prepared by A.Chow
Unit 1 – National Income Accounting
1. Which of the following are included in the national income of Hong Kong?
(1) government spending on public assistance.
(2) commission from the sale of second-hand cars.
(3) salaries of the employee of the Jockey Club.
(4) receipts form the sale of stocks and shares.
A. (1) and (2) only
B. (1) and (4) only
C. (2) and (3) only
D. (3) and (4) only
(90 -01)
Refer to the following national income statistics of a hypothetical economy.
($ billion)
Consumers’ expenditure
1150
Government final consumption
380
Gross domestic fixed capital formation
340
Value of physical increase in stocks and work in progress
30
Exports of goods and services
550
Imports of goods and services
540
Net property income from abroad
10
Taxes on expenditure
300
Subsidies on production units
40
Capital consumption
220
2. The gross national product at market prices is
A. $1 880 billion.
B. $1 920 billion.
C. $2 140 billion.
D. $2 400 billion.
(91-11)
3. The difference between national income at market prices and national income at factor cost is
A. $220 billion.
B. $260 billion.
C. $300 billion.
D. $340 billion.
(91 -12)
1
2008-AL-ECON-II
Past Questions on Macroeconomics
Prepared by A.Chow
4. Below are the national income statistics of an economy in a certain year:
$ million
Wages
60
Rent
50
Depreciation
30
Interest
25
Expenditure taxes
20
Dividend
15
Subsidies
11
Retained profits
10
Profits tax
8
The amount of national income at factor cost is
A.
$159 million.
B.
$160 million.
C.
$168 million.
D.
$177 million.
(92 -14)
5. Which of the following items should be excluded from GNP at market prices in order to calculate disposable personal income?
(1) indirect business taxes
(2) income tax
(3) retained earnings
(4) transfer payments
(5) subsidies
A. (1), (2) and (3) only
B. (1), (2) and (4) only
C. (1), (3) and (5) only
D. (2), (4) and