EOC 1 (national income accounting)

CLO/GSA MARKS
CLO1 -

DPB20033 & MACROECONOMICS CLO2 /25

END OF CHAPTER 1 TOTAL /25

NAME: TIME ALLOCATION: 1 HOUR
MATRIX NO:
P: ROGRAM: DATE: 15 minutes
: CLASS:

INSTRUCTION: ANSWER ALL QUESTIONS
DURATION/TIME: 1 HOUR (CLO2;C3)

QUESTION 1

(a) The table below shows the National Income for Paradigma country in year 2019.

ITEMS RM (million)
Gross Domestic Product at market price 75,300
Depreciation 990
Gross National Product at market price 78,300
Transfer Payment 1,600
Social Security Contribution (SOCSO) 400
Retained Earnings 170
Indirect Taxes 800
Personal Income Tax 600
Private Expenditure 14,300
Change in stock 850
Subsidies 380
Corporate tax 950

Based on table, calculate the value of: (4 marks)
(2.5 marks)
(i) Gross National Product at factor cost.
(ii) National Income. (6 marks)
(iii) Personal Income (2.5 marks)
(iv) Disposable Personal Income

(b) The table below shows the value of economic activities of a country for year 2019.

Item RM (millions)
National income 76000
Transfer payment 5000
Net interest 3400
Corporate tax 6000
Social security contribution 2000
Retained earning 890
Personal income tax 1500
Total population
32 million

From the data above, calculate: (6 marks)
(i) Personal Income (3 marks)
(i) Disposable income (1 mark)
(ii) Per capita Income