Essay Question Answer ALL FOUR questions. QUESTION 1 Economics development is not physical development. Define economic

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Essay Question Answer All Four Questions Question 1 Economics Development Is Not Physical Development Define Economic 1 (59.96 KiB) Viewed 18 times

Essay Question Answer ALL FOUR questions. QUESTION 1 Economics development is not physical development. Define economic growth and economic development and explain how they differ. (15 marks) QUESTION 2 Based on the business cycle, they are up and down in our economic performance. Explain the achievement and the crisis Malaysia faced from independence till 2019. (15 marks) QUESTION 3 Economic structure refers to a combination of economic sectors. It can be divided into three categories namely as primary sector, secondary sector, and tertiary sector. The growth in each of the sectors are important elements in Malaysia's economy. With suitable examples, choose ONE sector and discuss the contribution towards Malaysia's economic growth. (15 marks) QUESTION 4 Imagine you are the Head of the Economics Planning Unit (EPU), and you are required to advise the Minister of Finance for the presentation of the 2023 budget, what would you advise for improvement from the aspect of economic and social development. Please specify 1 (ONE) field/area and list out incentives/ aids with appropriate examples to help that field/area. Your answer will be different from others. (15 marks) -END OF QUESTIONS-