(a)[2]
Using the data in Fig. 1.1, describe the pattern shown in the annual rate of economic growth in Malaysia over the period January 2019 to January 2022.
(b)[2]
Explain what is meant by ‘real GDP’.
(c)[4]
Consider the extent to which the possible advantages of subsidies paid to firms by the Malaysian government outweigh the possible disadvantages.
(d)[6]
Assess how far external factors were responsible for economic growth in Malaysia over the period January 2019 to January 2022.
(e)[6]
Assess the possible effects of a falling rate of unemployment for Malaysia.