Macroeconomics (BDM123)

Tutorial

Table below shows the national income data for different Economy in year 2012.

Find :

a) GDP mp
b) GNP fc
c) National Income
d) Personal Income
e) Disposable Personal income

Table 1

ITEM (RM) MILLION

Income from employment 448
Net exports -15
Rental income 28
Household expenditure 508
Income from self-employment 389
Income from fixed deposit and share 335
Depreciation 52
Social security contribution 80
Private investment 351
Factor income from abroad 148
Factor income to abroad 157
Tax on corporate profit 44
Companies profits 348
Undistributed corporate income 30
Net national product 1491
Transfer payments 54
Personal income tax 32

GDPfc = RM1548million

GNPfc=RM1539 million

NI = RM1487million

PI= RM 1387million

DPI = RM 1355 million

Table 2

ITEM (RM) MILLION

Private expenditure 12,042
Public expenditure 40,748
Private investment 10,524
Change in stocks 641
Household spending 18,875
Exports of good and non factor services 7,992
Import of goods and non factor services 8,501
Net export -509
Factor income received from abroad 4,052
Factor income paid abroad 3,740
Net factor income payments from abroad 312
Indirect business tax 552
Subsidies 296
Depreciation 850
Transfer payment 1.427
Social security contribution 235
Retained earnings 185
Corporate tax 865
Personal income tax 472

GDPmp = RM82321million

GNPfc=RM82377 million

NI = RM81527million

PI= RM 81669million

DPI = RM 81197 million

Table 3

a. Item (RM)
Million
Wages and salaries 581
Rent 63
Net national Product 1425
Household expenditure 598
Net exports -14
Government Expenditure 115
Net interest 141
Gross capital formation 142
Tax on corporate profit 58
Undistributed corporate income 3
Corporate income before taxes 114
Transfer payments 54
Personal income tax 32

GDPfc = RM899million

GNPfc=RM899 million

NI = RM899million

PI= RM 892million

DPI = RM 860 million

Table 4

Item (RM)
Million
Private expenditure 18,851
Public expenditure 38,425
Private investment 17,872
Change in stocks 652
Exports of good and non factor services 12,524
Import of goods and non factor services 8,563
Factor income received from abroad 3,850
Factor income paid abroad 4,250
Indirect taxes 862
Subsidies 351
Depreciation 725
Transfer payment 2,475
Social security contribution 385
Retained earnings 635
Corporate tax 700
Personal income tax 1,250

GDPmp = RM79761million

GNPfc=RM78850 million

NI = RM78125million

PI= RM 78880million

DPI = RM 77630 million