The Gross Domestic Product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total value of all goods and services produced over a specific time period, often referred to as the size of the economy.

TheWorldBankseesMalaysiaashavingastrongexpandingeconomy.Initsreportonthe country,hasforecastgrowthtoremainsteadyat5.4%thisyear.TheMalaysianeconomy expanded5.4%inthefirstquarterof2018from5.9%intheprecedingquarter.BankNegara Malaysiaexpectsthecountry'sgrossdomesticproducttogrowbetween5.5%and6%this year.

Required:

1. DiscussTHREE(3)reasonswhyit'simportanceforaneconomytogrow (6Marks)

1. ThetablebelowshowstotalGDP(expenditureapproach)forselectedASEANcountries for 2016 at current price, in USdollar.

Country	Per CapitaGDP USD	GDP USD Billion	C USD Billion	G USD Billon	I USD Billion	(X - M) USD Billion	X USD Billion	M USD Billlion
Malaysia	9,508	296	163	37	77	_ 19	199	180
Singapore	52,814	297	109	34	75	79	512	433
Vietnam	2,170	215	141	13	55	6	192	197
Indonesia	3,570	953	538	88	320	7	178	171
Thailand	5,910	435	206	70	99	60	280	220
Philippines	2,951	324	224	34	74	-28	85	113

From the above table comment on the Malaysian economy as compared to its neighbors.

(19Marks)

[Total: 25Marks]