PSP 3203

CONSUMER ECONOMICS
Assignment 1

Name:
____________________
Matrix:
____________________

1. Find the latest (2014/2015) economicrelevant information for Malaysia or

your country
INFORMATION
Population

UNIT
million

30.99

Labor force

million

14.35

Employment

million

13.5

Unemployment
rate

3.2%

Per capita income

RM

36,285

Inflation

% p.a

3.67%

SOURCE
http://www.treasury.gov.my/index.php?
option=com_content&view=article&id=25
19:penunjuk-ekonomiutama&catid=477&lang=en
http://www.treasury.gov.my/index.php?
option=com_content&view=article&id=25
19:penunjuk-ekonomiutama&catid=477&lang=en
https://www.statistics.gov.my/dosm/index.
php?
r=column/ctheme&menu_id=U3VPMldoYU
xzVzFaYmNkWXZteGduZz09&bul_id=NHU
xTlk1czVzMGYwS29mOEc5NUtOQT09
http://www.treasury.gov.my/index.php?
option=com_content&view=article&id=25
19:penunjuk-ekonomiutama&catid=477&lang=en
http://www.treasury.gov.my/index.php?
option=com_content&view=article&id=25
19:penunjuk-ekonomiutama&catid=477&lang=en
http://www.tradingeconomics.com/malaysi
a/inflation-cpi

2. What are the five important economic sectors (employment) and the
percentage in Malaysia
SECTOR
PERCENT
SOURCE
Manufacturing
18.2%
http://www.ilo.org/wcmsp5/groups/public/--ed_dialogue/--sector/documents/publication/wcms_1612
84.pdf
Wholesale & Retail Trade
16.2%
http://www.ilo.org/wcmsp5/groups/public/--ed_dialogue/--sector/documents/publication/wcms_1612

Agriculture, Hunting and

Forestry

12.8%

Construction

9.4%

Hotels and Restaurants

7.4%

84.pdf
http://www.ilo.org/wcmsp5/groups/public/--ed_dialogue/--sector/documents/publication/wcms_1612
84.pdf
http://www.ilo.org/wcmsp5/groups/public/--ed_dialogue/--sector/documents/publication/wcms_1612
84.pdf
http://www.ilo.org/wcmsp5/groups/public/--ed_dialogue/--sector/documents/publication/wcms_1612
84.pdf

3. Name the economic system

We could sell our product for personal profit in which

system?
Our grandmothers taught us to weave, and we have
taught our daughters
We cut the trees because the government tells us. I
hate this job. Id rather be a teacher.
We cut trees better than any of our competitors!

ECONOMIC SYSTEM
Mixed Economy System

Subsistence Economy
System
Socialism Economy
System
Free Market Economy
System