Malaysia used to be a roaring economy from 1990 until 1997 during that period what was...

Malaysia used to be a roaring economy from 1990 until 1997 during that period what was their growth rate,inflation rate,GDP, national income and income per capita and what happened to them after that period ?

Expert Solution

soln.:

years	gwoth rate	inflationn ate	GDP (in billion)	national income	per capita income
1990	9.010	3.807	44.024	31.929	2440.592
1991	9.545	3.584	49.143	36.652	2652.144
1992	8.885	2.414	59.167	44.393	3111.977
1993	9.895	3.987	66.894	50.300	3431.370
1994	9.212	3.937	74.478	56.342	3726.341
1995	9.829	3.633	88.705	66.867	4328.000
1996	10.003	3.680	100.855	74.625	4797.291
1997	7.323	3.483	100.005	72.690	4637.320

GDP at purchaser's prices- It is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products

National income- Adjusted net national income (current US$)

Post 1997 the Malesian economy faced a shrink due to asian financial crisis and the effect was nor recovered till 2003. its GDP shrinks from 100 biullion to 72.2 billion, per capita reduced to 3263 by the year 1998. The Kuala Lumpur Stock Exchange's composite index fell from approximately 1300 to nearly merely 400 points in a few short weeks.Malesia refuse to take financial aid from IMF. A National Economic Action Council was formed to deal with the monetary crisis and by the year 1999 it started its growth by its own.

Rahul Sunny answered 2 years ago

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