Question 3 (a) The following events took place in 2020 in Country BAY: Cengage Publisher sold 360,000 new copies of Economics textbooks worth RM19,800,000. Kate purchased a car worth RM130,000 that was produced in 2019. . . Government spent RM64 million to buy hospital equipment. Burgeria Berhad bought 3,000 kilograms of mayonnaise sauce with RM45,000 to make burgers which it sells. Mr. Lim purchased RM1.25 million worth of public mutual funds. WKK Construction Son. Bhd. completed 100 units of residential housing worth RM14.8 million but remains unsold. . The Department of Statistics had recorded a total of RM1.3 million of exports and RM2.1 million of imports. (i) Using the information above, compute the Gross Domestic Product (GDP) for year 2020. (4 marks) (ii) Identify and explain which of the above events will lead to errors in Gross Domestic Product (GDP) computation. (6 marks) (b) Using the aggregate demand and short run aggregate supply (AD-SRAS) model, illustrate and explain the effects on the equilibrium price level and real Gross Domestic Product (GDP) for each of the following events: (i) In 2021, the government allocates RM300 million under eBelia programme to provide e-wallet credit of RM150 to eligible youths through the participating platforms. (5 marks) (ii) The Employee Provident Fund (EPF) announces an increase of the employers' contribution from 11% to 13% for contributors who earn RM4,500 and below. (5 marks) (c) Mohd Uzir said prices of housing, water, electricity, gas, and other fuels rose by 3.1% as compared to the same month of the preceding year. This is due to the termination of the electricity discount given to domestic consumers of Tenaga National Berhad (TNB) under the Prihatin Rakyat Economic Stimulus Package (PRIHATIN) from April 2020 and ended in December 2020. Source: Modified from 'Surge in oil prices fuel April inflation to highest since 2018', 2021, The Star, 21 May [online]. Available at: https://www.thestar.com.my/business/business- news/2021/05/21/surge-in-oil-prices-fuel-april-inflation-to-highest-since-2018 (Accessed: 18 June 2021). (i) From the above excerpt, identify the type of inflation experienced in the country. (2 marks) (ii) Determine TWO (2) categories of people who may be significantly affected by the above type of inflation. (3 marks) [Total: 25 marks]