Question: Question 1 - please answer all the questions below. The following represents a consumption function for a closed economy with no government. (RM'million) National Income

Question 1 -please answer all the questions below.

The following represents a consumption function for a closed economy with no government. (RM'million) National Income Consumption ( Y ) Savings Aggregate Expenditure (C) (S) ( AE ) 0 500 1000 1500 2000 2500 C = 100 + 0.6 Y Investment is fixed at RM300 million.The table below shows the output of cloth and television by two countries ( X and Y ). Countries/Commodities Cloth meters Television ( units X 80 90 Y 120 100

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