QUESTION 1 The table below contains a random selection of items from the national account of a Malaysia Items RM (millions) Finance and insurance 2,375 Private expenditure 5,000 Rental 10,000 Government purchases 3,000 Forestry 5,700 Mining and quarrying 2,000 Communication 1,850 Net interest received by household 650 Hotel and restaurant 3, 150 Manufacturing 6,250 Profit 23, 100 Capital consumption 500 Business taxes 3, 125 Interest paid by consumers 3,750 Net factor income receives from abroad 1,725 Subsidies 445 Personal income taxes 125 Social contribution 50 Employee provident funds 170 Transfer payment 350 Calculate: a) Gross Domestic Product (GDP) at market price (3 marks) b) Net National Product at factor cost (3 marks) c) Disposable income (3 marks) d) Define subsidy (1 mark)