F5 econ 疑難*

2008-04-07 4:29 pm

1. Why the following items should be l included in the calculation of the balance of HK's current account?
(1).A HK resident buys a life insurance policy from an insurance company in US
(2)2.A company in HK pays interest for loans from a bank in the U.K

2. public sector = public expenditure?
(↑in the size of the public sector =↑in the ratio of expenditure to GDP?)

3. CC boutique's financial statement:
Sales revenue of fashions = 16000
Less:
Imported fashions = 2000
Electricity & water charges = 3000
Wage payment = 2500
Profits tax = 1500
Net profits = 7000
When calculating the contribution of the above boutique to HK's GDP,
the [ Electricity & water charges 3000] is deducted .
Thus the GDP= 16000(Sales revenue of fashions)-2000(Imported fashions)-
3000(Electricity & water charges)
= 11000
Why Electricity & water charges is deducted?
How about wage payment?

凡請各位江湖朋友拔刀相助，指點一二，謝謝。

回答 (1)

Gabriella Montez

2008-04-07 8:37 pm

✔ 最佳答案

1(1) It is recorded as invisible trade in the current account.
It involves capital outflow and thus it is a debit.
(2) It is recorded as external factor income in the current account.
It again involves capital outflow and thus it is a debit.
2) Size of public sector = ( G / GDP ) x 100%
Thus an increase in the size of the public sector is equivalent to an increase in the ratio of G to GDP.
3) There are two approaches to solve this question:
a) Output approach:
Value of outputs - value of inputs
= $ 16000 - $ ( 2000 + 3000 )
= $ 11000
b) Income approach:
Wage payment + profits tax + net profit
= $ 2500 + $ 1500 + $ 7000
= $ 11000

參考: My Econ Knowledge

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