Tutorial_03-question.doc - UNIVERSITI TUNKU ABDUL RAHMAN FACULTY OF ACCOUNTANCY AND MANAGEMENT TUTORIAL 3 MEASURING NATIONAL OUTPUT AND NATIONAL INCOME

Tutorial_03-question.doc - UNIVERSITI TUNKU ABDUL RAHMAN...

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UNIVERSITI TUNKU ABDUL RAHMAN FACULTY OF ACCOUNTANCY AND MANAGEMENT TUTORIAL 3: MEASURING NATIONAL OUTPUT AND NATIONAL INCOME Structure Questions: 1. Why does GDP not an accurate reflection of an economic growth of a particular nation? 2. (a) Using the set of accounts as below calculate national income using the expenditure method? RM million) Consumption of durable goods 24.6 Consumption of non-durable goods 13.2 Residential investment 14.7 Non- residential Investment 6.7 Changes in business inventories 2.2 Government consumption 14.5 Exports 2.3 Imports 4.5 (b) Is it common for a developing economy having a net export deficit? 3. Given are the following set of accounts: RM (Million) Compensation to employees 5969.5 Proprietor’s income 756.5 Corporate profits 787.4 Net interest 684.2 Rental 142.4 Depreciation 1393.5 Indirect Taxes
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  • Fall '19
  • Economics, gross domestic product, Measures of national income and output

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