Reading and planning: 15 minutes
ALL TEN questions are compulsory and MUST be attempted.
Do NOT open this paper until instructed by the supervisor.
During reading and planning time onl
Statement of Comprhensive Income for the year ended 31 December
2014 of Plus Berhad
Less: Returns inwards
Less: Cost of sales
Inventory at 1 January 2014
Less: Returns outwards
Add: Carriage inwards
Scarcity, Opportunity Cost, Production Possibilities and
Introduction and Description
This lesson uses the concept of opportunity cost to
develop a production possibilities curve. The production possibi
Dividends are the share of profits paid out to shareholders.
Dividends on preference shares are a fixed amount.
Dividends on ordinary shares are expressed as an amount per share e.g. 10c per share or 10% of nominal
Chapter 6 REVIEW
1. Which of the following are included and which are excluded in calculating this years GDP?
(a) A monthly scholarship check received by an economics student
[included or excluded? (circle one)]
(b) The purchase of a new truck by a trucki