Question 1 (a) There are FOUR main components of GDP. Explain the components. [16 marks] (b) Assume
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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 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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