18) Given the following data GDP = RM11,920 billion; investment = RM 2,100 billion; exports = RM 500 billion; government purchases = RM 1,450 billion; consumption = RM 8,500 billion. What does import spending equal? (Hint: using expenditure approach)

Select one:

A.RM 630 billion.

B.RM 370 billion.

C.RM 1,320 billion.

D.RM 474 billion.

22) The value of textiles produces in India by a Malaysian company is included in the Malaysia's ________ and in the India's ________

Select one:

A.GNP; GNP

B.GDP; GDP

C.GNP;GDP

D.GDP; GNP

27) Assuming that 1990 is the base year, Real GDP in 2019 is

Select one:

A.RM49.

B.RM51.

C.RM86.

D.RM92.

28) Which of the following statement isNOTtrue?

Select one:

A.APC + APS = 1

B.MPC = APC

C.MPC + MPS =1

D.MPC + MPS = APC +APS

30) Equilibrium expenditure occurs where the aggregate expenditure curve crosses the

Select one:

A.45-degree line.

B.horizontal axis.

C.vertical axis.

D.consumption function.

31) An increase in expected future income________.

Select one:

A.decreases consumption expenditure

B.increases saving

C.shifts the consumption function upward

D.shifts the saving function upward