“Malaysia’s GDP increased 16.1% in the second quarter of 2021. The economic performance in the second quarter of 2021 was supported by the continuous growth in the manufacturing sector and the rebound of the services sector on the supply side” (source: Department of Statistics Malaysia)

The statement above explains the current performance of Malaysia’s national income growth.

Critically analyze the national income of Malaysia with America between the years 2001 to 2020. Discussion should include reasons, policies/plans implemented by the countries to improve the economic growth, and comparison between both countries.

a) National Income data (of America)

b) National Income graphs (of America)

c) Analysis of national income performance for Malaysia in comparison with America.

Answer rating: 100% (QA)

It is important to note that GDP Gross Domestic Product is a measure of the economic output of a country and is often used as an indicator of economic ... View the full answer