The following data shows the consumption function, investment, government expenditure, taxation, export and import for Country...

 

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The following data shows the consumption function, investment, government expenditure, taxation, export and import for Country F in 2020 (figures are in RM million). Consumption (C) = 1,000+ 0.6Y Investment (1) Government Expenditure (G) Tax (T) Export (X) Import (M) 400 - 700 = 0.25Y -650 = 280 +0.1Y Based on the above data, answer the question below: (a) derive the new consumption and saving function in words of national income. (b) calculate the national income equilibrium for the above economy by using: i. Aggregate Demand-Aggregate Supply approach. il. Leakage - Injection approach. (c) sketch the diagram to shows the national income equilibrium by using: Aggregate Demand-Aggregate Supply approach. 1. ii. Leakage - Injection approach. (d) compute the value of consumption at national income equilibrium. (4 marks) (5 marks) (4 marks) (5 marks) (4 marks) (2 marks) (e) if Country F considered as open economy, visualize the circular flow income for Country F and explain in detail. (12 marks) (f) list FOUR (4) factors that influence the exports in an open economy for Country F. (2 marks) The following data shows the consumption function, investment, government expenditure, taxation, export and import for Country F in 2020 (figures are in RM million). Consumption (C) = 1,000+ 0.6Y Investment (1) Government Expenditure (G) Tax (T) Export (X) Import (M) 400 - 700 = 0.25Y -650 = 280 +0.1Y Based on the above data, answer the question below: (a) derive the new consumption and saving function in words of national income. (b) calculate the national income equilibrium for the above economy by using: i. Aggregate Demand-Aggregate Supply approach. il. Leakage - Injection approach. (c) sketch the diagram to shows the national income equilibrium by using: Aggregate Demand-Aggregate Supply approach. 1. ii. Leakage - Injection approach. (d) compute the value of consumption at national income equilibrium. (4 marks) (5 marks) (4 marks) (5 marks) (4 marks) (2 marks) (e) if Country F considered as open economy, visualize the circular flow income for Country F and explain in detail. (12 marks) (f) list FOUR (4) factors that influence the exports in an open economy for Country F. (2 marks)