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QUESTION 1 (21] MARKS} .-Econornic Data-of Country M Year'ZDIIB Year 201-1 Net exports - RM ? billion RM 5 billion Labor force 16.2 million 17.1

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QUESTION 1 (21] MARKS} .-Econornic Data-of Country M Year'ZDIIB Year 201-1 Net exports - RM ? billion RM 5 billion Labor force 16.2 million 17.1 miilion Expenditure of public sector RM 119 billion RM 130 billion Consumption expenditure of private sector RM 329 billion RM 360 biilion Consumer Price Index 1 15 13 1 Employed workers 16.85 miilion Gross investment of private sector RM 299 billion RM 330 biilion Answer the following questions using the economic data above. You are required to show the working for all your calculations. a) Calcuiate 1Gross Domestic Product at market price (GDP MP) of both years. b] Assume that your answers in question {a} are the Real Gross Domestic Product of Country M, calculate the economic growth rate of year 2911. ['7 marks) (3 marks) c} Calcuiate the ination rate of year 2131 i. (3 marks) d) Calculate the unemployment rate of year 291 1. (2.5 marks)

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