1988-03-18 — Page 35

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育華頁三第張九第日一初月二年辰戊

desand-pall inflation is caused by the following factors: too much spending by consumers, too much spending o

investment by

1988中學會考試題預習專欄

|J.

經濟(廿五)

b. quantity Theory of

Money (熊招數

The Quantity Theory

MILL & DALE PRESS

Revision Exercises

for

Cert. Exam. (1988)

BCONOMICS (35)

Inflation (W

Inflation is a general aud continuous rise in prices.

Types and Causes of

Inflation

There are 3 types of inflation:

1. Demand-poll Inflation

Demand-pull inflation arises because the aggregate demand ( GK) for goods and aervices by a aociety is greater than the amount that the society

is able to produce at

full employment.

There are 2 ways to analyze this type of inflation:

. The Expenditure

Approach (动

Aggregate demand the sum of the consumption and jee的危

1. M

expenditures of the

private sector, plua

public sector

spending. Therefore

清潔打臘

businesses and/ar

too much spending by the government.

of Money is derived. from an 'equution of exchange as followe:

YV = PT

In this equation, was the quantity of money, ie the velocity of circula tion of money, P 19 the price level and

T is the volume of

transactiuus. Obviously, the tal value of

Banetary expenditure of those who buy (MV) must equal the acnetnzy receipts i those who sell (PT). The monetarista

1 T is constant at full employment and V is algo constant. Mus, when Prises. the only explanation is that M must have been increased. And when Niocreasea, people tend to buy more.

2. Cost-pasa Inflation

水洗地戲機

地板室內裝修

日聯安(5)444221

日日公司54416 15

Cost-flation is cussed by economic groups with market power pushing up vages and prices irrespective of demand, For example, highly organized and wilitant trade unious

in Britain once desiended

increases in wages

higher that increases *

舊字畫

西规推發展產漏

夏

WAH KIU YAT PO

in labour productivity and the organization of Petroleum Exporting

Countries (UPEC) raised the price of crude oil at the end of 1975. Bath of these led to

inflation,

Juported inflatiun (\

口喽脹

Importad inflation

occurs when the

inflation of an export-

ing country is

'imported into all

open econontës, There are 3 ways through which inflation is imported:

a. Import Prices

In a small open economy depends

heavily upon

fur

imported goods. which the demand is inelastic, any

inflation abroad will be reflected in higher prices for the imported goods of the small open

b. Expert Prices.

If a country with

eflation buys the exports of a small oper economy, its Inflation will lead to higher demand for relatively cheaper. gards from the small open brony, As foreign demand increases, the prices for the small open economys' exports will rise, resulting in higher earnings and wages In the export sector. This upward trend in wagon in the axport sector will in turns apread to other

c. Fixed Exchange Rat

報日僑華

A small apen.ecdrumy trading with a country suffering from inflation will enjoy a balunce of payments Burplus. Under a fixed exchange rate system, there will be an accumulation of a foreign currency and In turn also a corresponding increase in domestic money supply. Such an increase in money

supply will lead to inflation,

地理(廿五)

HKCWE GEOGRAPHY

(25)

BY VINCENT L.W.WONG

(a) Tai Po Industrial Estate is a newly developed inulust- rial district in Hong Kong. Imagine you arc à senior representat- ive of an auto-no-

THE

bile assembly com. pany, would you con- sider the estate a suitable place to set up a branch factory in Tai Po Industrial Estate ?

WT TO

· Figure 5) “A plast of Tai Po Industria? Erde

收

冰鮮

魚池假山别墅花園假山魚池 3陸製造荳袋車入案入機芤喉置

接種裝水食資構屋藝花草設計裝飾 AEM 2165

大批3-47冷菜平曲鱼池假山按月保養 SUBMARTYRAR 0-6568619.

翶天汕

3地灰

小

拆

板本裝

無門

劉璧生偵探事務處美聯偵探社

̇世郭侦探亞洲總監:全球偵探大會主席:美國榮星公民軍事官校畢業:獲英國仙探證;辦累三十年各國元首質變

商業秘密偵查男女行爲跟踪通離婚

·搜尋民刑撥嫌代收債項貨款承辦各國民案件香港大道中三十六號興球大廈六樓(血后觀醜對面)

5233261 232949 222986 705708

ARRABI3-823883-81 2389" 香港中理分社5-8952625、5-8153510英國號探熜寶貝民商聯維兒外分通關秘失港電電力,長三街上6687 测業網女网嬴影密踪外活譎子四榮一丹號業安孟湾行家話娆避証雞眾調跟淼地班第一大三中利佳太3

旅遊介紹

五期星

日八十月三年八八九一曆公年七十七國民華中

(b) (i)Describe the gen

題目(a)部移表比較難

型嫔防水公司

|3|77166

漏水麵

古害器花梅大船接送

收買酸枝礤粉機

eral trade pattern of this Asian coun- try,

(ii) Account for the.

economic develop

nent with referen- ce to her manufa... eturing industries,

(iii) Suggest the most

likely country this trade pattern belongs

les,or 40%, are

raw materials in-

cluding minerals fuel,metal ores

and scrap and tex- tile fibres.It also imports Import-

ant share of food.

Oi the other hand, its exports are no

stly manufactured gonds, Machinery and

掌握多方面的知識才能解答问题。從這題目,可无给反映同學了解各方面知識的深度。第一,同學必須從大埔工業村圃,認識到工業材的規模、面積大小、第二、国家

需了解大埔区的交通情丸和香港普通

to,

Figure 3 shows the ports and experts uf Assan enuntry X.

Imports (

Exports

題,才能有一個完满好答案。

sachinery & Transport Equipment

Taxi Fibres

Other

Send Fl

Food

Metal Ones & Strap

Machinery & Transport Equipment

Metal Metal Fill

Chemic.b

Every

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