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Question 1 (a) There are FOUR main components of GDP. Explain the components. [16 marks] (b) Assume the GNP for Malaysia is lower than the

Question 1

(a) There are FOUR main components of GDP. Explain the components. [16 marks]

(b) Assume the GNP for Malaysia is lower than the GDP. Explain why this could happen. [14 marks]

Question 2

Explain why the consumption function is upward sloping and the investment function is horizontal. [30 marks]

Question 3

Elaborate how fiscal policy can solve the problem of unemployment in Malaysia. [20 marks]

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