Quelpr
2 marksNational Income Accounting

CSEC Economics · May/June 2010 · Paper 2 · Question 4(a)(i)

Table 1 provides economic data on the Gross Domestic Product (GDP) of Country X.

Define the term 'Gross capital fixed formation'.

This question uses a figure or table from the paper — you'll see it when you practise.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 4(a)(ii)Define the term 'Net property income from abroad'.[2 marks]
  2. 4(b)State the information that is needed to calculate national income at market prices, apart from the information provided in Table 1 above.[1 mark]
  3. 4(c)Discuss TWO factors that can cause the Gross National Product (GNP) of a country to be greater than the Gross Domestic Product (GDP).[6 marks]
  4. 4(d)Calculate the Gross National Product for Country X using the information in Table 1 above.[4 marks]

More practice: the rest of this paper · more National Income Accounting questions · all CSEC Economics past papers