Expenditure Approach

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Zoya Mohamed Abdelrhman Yasen

Malaysia

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Froggy Jumps Expenditure ApproachOnline version Please answer all thanks :) by Zoya Mohamed Abdelrhman Yasen 1 The Expenditure approach measures national income by calculating the total ________ on final goods and services. a income earned b spending c production 2 Which of the following is the correct formula for GDP at market price (GDPmp) ? a C + I + G + X + M b C + I + G - ( X + M ) c C + I + G + ( X - M ) 3 Which of the following is NOT the component of the expenditure approach? a Personal Consumption Expenditure b Corporate Income Tax c Government Expenditure 4 Which expenditure is classified under Personal Consumption Expenditure ( C ) ? a A family buy a new refrigerator. b A company purchase a new machinery. c The government builds a hospital. 5 If exports are RM300million and imports are RM450million, the value of net exports is : a -RM150million b RM750million c RM150million 6 GDP at market price plus Net Factor Income from Abroad (NFIA) gives : a National Income b Gross National Product at Market Price c Gross National Product at Factor Cost 7 Which formula is used to calculate GNP at factor cost (GNPfc) ? a GNPmp + Indirect Tax - Subsidies b GDPmp - Depreciation c GNPmp + Subsidies - Indirect Tax 8 Which item is added when calculating Personal Income (PI) ? a Retained Earnings b EPF Contributions c Transfer Payments

Froggy Jumps

Expenditure ApproachOnline version

Please answer all thanks :)

by Zoya Mohamed Abdelrhman Yasen

The Expenditure approach measures national income by calculating the total ________ on final goods and services.

income earned

spending

production

Which of the following is the correct formula for GDP at market price (GDPmp) ?

C + I + G + X + M

C + I + G - ( X + M )

C + I + G + ( X - M )

Which of the following is NOT the component of the expenditure approach?

Personal Consumption Expenditure

Corporate Income Tax

Government Expenditure

Which expenditure is classified under Personal Consumption Expenditure ( C ) ?

A family buy a new refrigerator.

A company purchase a new machinery.

The government builds a hospital.

If exports are RM300million and imports are RM450million, the value of net exports is :

-RM150million

RM750million

RM150million

GDP at market price plus Net Factor Income from Abroad (NFIA) gives :

National Income

Gross National Product at Market Price

Gross National Product at Factor Cost

Which formula is used to calculate GNP at factor cost (GNPfc) ?

GNPmp + Indirect Tax - Subsidies

GDPmp - Depreciation

GNPmp + Subsidies - Indirect Tax

Which item is added when calculating Personal Income (PI) ?

Retained Earnings

EPF Contributions

Transfer Payments

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Expenditure Approach

Froggy Jumps

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Expenditure ApproachOnline version

by Zoya Mohamed Abdelrhman Yasen

The Expenditure approach measures national income by calculating the total ________ on final goods and services.

Which of the following is the correct formula for GDP at market price (GDPmp) ?

Which of the following is NOT the component of the expenditure approach?

Which expenditure is classified under Personal Consumption Expenditure ( C ) ?

If exports are RM300million and imports are RM450million, the value of net exports is :

GDP at market price plus Net Factor Income from Abroad (NFIA) gives :

Which formula is used to calculate GNP at factor cost (GNPfc) ?

Which item is added when calculating Personal Income (PI) ?

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