“Malaysia’s GDP increased 16

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“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 manufacturing sector and the rebound of 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 analyse the national income of Malaysia with America between year 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’s (of America)

b) National Income graphs (of America)

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