Math Problem Solver

QUESTION 1(10 MARKS)

The following table shows the national income data for a country with a population of 85 million.

Gross Domestic Product at market price (GDPmp) = RM 354,560 million

+ Indirect tax

= RM 40,200 million

-Subsidies

= RM 35,700 million

Factor income received from abroad+

= RM 5,640 million

Factor income paid abroad -

= RM 4,720 million

Depreciation-

= RM 7,000 million

Calculate :

a) Net factor income abroad

b) Gross National Product at market price (GNPmp)

c) Gross National Product at factor cost (GNPfc) d)

Net National Income (NI)

e) National Income per capita

(2 marks)

(2 marks)

(2 marks)

(2 marks)

(2 marks)

QUESTION 2(10 MARKS)

Calculate:

a) M1

b) M2

c) M3

d) Quasi money

e) Broad near money

(2 marks)

(2 marks)

(2 marks)

(2 marks)

(2 marks)

QUESTIONS 3 (6 MARKS)

Using appropriate example, explain 2 function of money.

(5 marks)

The following table shows the monetary items for Malaysia in the years 2010.

Items

RM million

Repurchase agreements (Repo)

1,711

Currency in circulation

47,685

Fixed deposits with commercial banks

464,543

Foreign currency deposits with commercial banks

55,200

Demand deposits

176,698

Deposits places with other banking institutions

188,375

Saving deposits with commercial banks

104,942

Negotiable instruments of deposits (NIDs)

20,996