Question: Hello please help me answer these questions (refer to the pictures). Thank you in advance _| QUESTION 3 Answer the following questions based on the

Hello please help me answer these questions (refer to the pictures). Thank you in advance

Hello please help me answer these questions (refer to the pictures). Thankyou in advance _| QUESTION 3 Answer the following questions based on

_| QUESTION 3 Answer the following questions based on the given data: ex - enditure _._ 1000 -m_ Calculate: (1) gross domestic product (GDP) at market price. (3 marks) (ii) gross domestic product at factor cost (GDPFc) (3 marks) (iii) Assumed Y1: 3450 million, Y2= RM4000 million, Cl= RM1400 million, and (W) C2=RM2000 million. If government plan to invest RM] 500 million, what is the new income equilibrium for this economy? (15 marks) By using real example in your explanation, explain the process of circulation of income for resource market and product market in 3-sector economy. (4marks) QUESTION 4 (a) The following is the balance sheet of Zuhal Bank: Asset (RM million) Liability (RM million) Cash reserves 10 000 Current deposit 50 000 Loans 40 000 Total 50 000 Total 50 000 (i) If all the excess reserves lent, calculate the value of statutory reserve ratio. (3 marks) (ii) Calculate the total of loan amount after three stages of the credit creation process. (6 marks) (b) State your argument on the action of government in reducing statutory reserve ratio during inflation. (6 marks) (c) Given the scenario below: "The government has lowered taxes in the previous year. Therefore, the people's disposable income increases. The aggregate demand of the people has also increased. This caused the stabilization of general price of goods and services as well." With reference to the above situation, explain FOUR (4) non-income determinants that can influence consumption during the economic problem illustrated in the statement. Explain your answer with the aid of AD-AS diagram. (10 marks)

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