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Assignment: Economics-US vs. China Comparison
Key economic indicators and the effects of economic measurements have on an economy.
Write up your findings and compare and contrast the United States to that of China.
Compare and Contrast the United States to that of China.
Completed table inserted into Word document.
o Summary of the United States and China at least 250 words.
Country
United States
China
Gross Domestic Product (GDP)
GDP per Capita
Durable and Non-Durable Goods
Retail Sales
Housing Starts
Unemployment Rate
Inflation Rates
Population
Median Household Average Income
Human Development Index (HDI)
Trade Deficit or Trade Surplus (In millions of dollars)
"All else held constant" is a major problem facing all methods of estimating the demand for business products. Compare and contrast how the marketing and economic approaches deal with this problem. Please use examples.
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Assume government imposed a minimum wage above what otherwise would be equilibrium wage rate for the segment of labor market.
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