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
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
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
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
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