Surpass the united states within the coming decades

Assignment Help Business Economics

Reference no: EM133677386

Question

Growing rapidly for the past 40 years, China's economy is on pace to surpass the United States within the coming decades. Like any nation that has grown rapidly for such a long period, Chinese GDP growth is slowing. After averaging 10 percent GDP growth annually between 1980 and 2009, the Chinese economy has begun to slow, averaging 8 percent growth since 2010.39 However, this rapid growth comes at a price, and the Chinese economy is characterized by the following imbalances.

Reference no: EM133677386

Questions Cloud

Why is inequality problem for the health : Why is inequality (such as in the Great Depression, or today) a problem for the health and stability of the economy?

Critical assumption about individual preferences : Identify the critical assumption about individual preferences that makes this possible. Provide a graphical representation

Good job in representing local interests : Congress does not do a good job in representing local interests because from what i have seen is that the local interest have not been met

Incomes often favor buying home to live in over renting : Why do people with higher incomes often favor buying a home to live in over renting? Responses Single-family homes cost more and have more bedrooms.

Surpass the united states within the coming decades : Growing rapidly for the past 40 years, China's economy is on pace to surpass the United States within the coming decades.

Stagflation can occur when there is sudden shock : Stagflation can occur when there is a sudden shock that decreases supply. Prices increase, profit margins are reduced, and outcome slows.

Short-run aggregate supply curve : The Keynesian view of the AD/AS model uses a short-run aggregate supply (SRAS) curve. This curve is insignificant in the short run.

Huge differences in savings behavior : Let's start by thinking about the member countries of the OECD, Despite all of these similarities, we see huge differences in savings behavior.

Equilibrium quantity of bikes decreased : The graph presents market for bikes in 2017. Between 2017 and 2018, equilibrium price of bikes remained constant, but equilibrium quantity of bikes decreased

User Account

All Pages