Monday, April 23, 2007

Unit 3: Rapid economic growth in China

Watch the BBC clip and then answer the questions

< http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_6570000/newsid_6573800?redirect=6573817.stm&news=1&nbwm=1&bbram=1&nbram=1&bbwm=1 >

a) What component of Aggregate Demand appears to be fuelling the rapid economic growth in China?
b) What policy has the government used to try to slow the growth?
c) Why has this rapid growth not resulted in a high rate of inflation in China? Draw a diagram to show this
d) What major cost is China experiencing fro this rapid growth?

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