The world is currently going through the COVID-19 pandemic. Most countries, including Malaysia, have implemented various modifications of the lockdown (Movement Control Order) such as EMCO, RMCO and CMCO as a prevention step to reduce the deadly spread of this disease and to minimize the impact on the economy.

Use your macroeconomic knowledge and understanding to discuss the impact of Movement Control Order and COVID-19 pandemic on each GDP component in years 2020-2021.Support your discussion with suitable examples, diagrams and supportive evidence.

Discuss the fiscal and monetary policies implemented by Malaysia following the outbreak of the COVID-19 pandemic.