SUGGESTED SOLUTIONS

CHAPTER
National Income
11 Accounting

Section A
  1 D 2 C 3 D 4 D 5 C
  6 B 7 A 8 A 9 C 10 D
11 C 12 B 13 A 14 A 15 B
16 D 17 B 18 B 19 B 20 B

Section B
1 (a) GDPmp 5 Private consumption 1 public investment 1 corporate investment 1
government expenditure 1 (export – import)
5 95,000 1 32,500 1 42,250 115,275 – 2,250
5 RM182,775 million
(b) GNPmp 5 GDPmp 1 nett property income from abroad
5 182,775 – 17,252
5 RM165,523 million
(c) GNPfc 5 GNPmp – tax 1 subsidies
5 165,523 – 18,500 1 12,150
5 RM159,173 million
(d) National income 5 GNPfc – depreciation
5 159,173 – 12,750
5 RM146,423 million
(e) NI per capita 5 NI/population
5 146,423/75
5 RM1,952.30

2 (a) GDPmp 5 Construction 1 manufacturing 1 agriculture 1 mining and gas 1 banking

and insurance 1 wholesale and retail 1 other services
5 18,750 1 12,555 1 12,500 1 6,650 1 12,750 1 11,250 1 2,750
5 RM77,205 million
(b) GDPfc 5 GDPmp 1 subsidies – indirect tax
5 77,205 1 0 – 650
5 RM76,455 million
(c) GNPmp 5 GDPmp 1 factor payment from abroad – factor payment to abroad
5 77,205 1 6,520 – 6,750
5 RM76,975 million
 Suggested Solutions
2

(d) NNPmp 5 GNPmp – depreciation

5 76,975 – 575

5 RM76,400 million

(e) National income 5 GNPfc – depreciation
@ (GNPmp 1 subsidies – indirect tax) – depreciation
5 (76,975 1 0 – 750) – 575
5 RM76,650 million

3 (a) RM25 million

(b) RM70 million
(c) Subsidies
(d) GDPfc
(e) RM64 million
(f) National income
(g) RM20 million
(h) Personal income tax
(i) RM31 million
(j) Disposable personal income

4 (a) Export
(b) Indirect taxes; subsidies
(c) Personal income tax
(d) Nett factor income abroad; subsidies; indirect tax
(e) Subsidies; indirect taxes; depreciation

5 (a) GDPfc 5 GDPmp 1 subsidies 1 indirect taxes

5 ( consumption expenditure 1 government expenditure 1 change in stock 1
private investment 1 export – import) 1 subsidies – indirect taxes
5 [30 1 25 1 (–5) 1 20 1 10 – 15] 1 4 – 10
5 RM59 million
(b) GNPmp 5 GDPmp 1 nett factor income from abroad
5 65 1 50
5 RM115 million
(c) GNPfc 5 GNPmp 1 subsidies – indirect taxes
5 115 1 4 – 10
5 RM109 million
(d) National income 5 GNPfc – depreciation
5 109 – 5
5 RM104 million
(e) Disposable income 5 Personal income – personal income tax
5 (National income – transfer payment – EPF) – income tax
5 [104 1 5 – 2] – 3
5 RM104 million