ECN Module 5 Assignment

ECN Module 5 Assignment - Christopher Brooks ECN-220...

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Christopher Brooks ECN-220 Introduction to Economics Monday, September 05, 2011 Professor Momoh Sekou Dudu China Economic Analysis Report 1) GDP (you may use the purchase power parity figures). a) $10.09 trillion (2010 est.) b) $9.144 trillion (2009 est.) c) $8.374 trillion (2008 est.) 2) Per capita GDP a) $7,600 (2010 est.) b) $6,900 (2009 est.) c) $6,400 (2008 est.) 3) GDP growth rate. a) 10.3% (2010 est.) b) 9.2% (2009 est.) c) 9.6% (2008 est.) 4) GDP composition by sector a) agriculture: 9.6% b) industry: 46.8% c) services: 43.6% (2010 est.) 5) Labor force a) 780 million (2010 est.) 6) Labor force by occupation a) agriculture: 38.1% b) industry: 27.8% c) services: 34.1% (2008 est.) 7) Population below poverty line a) 2.8% note: 21.5 million rural population live below the official "absolute poverty" line (approximately $90 per year); an additional 35.5 million rural population live above that level but below the official "low income" line (approximately $125 per year) (2007) 8) Unemployment Rate. 4.3% (September 2009 est.) a) 4.2% (December 2008 est.) note: official data for urban areas only; including migrants may boost total unemployment to 9%; substantial unemployment and underemployment in rural areas b) Inflation Rate. 5% (2010 est.) -0.7% (2009 est.) 9) Human Development Index Rankings – overall and by category. a) Health: Life expectancy at birth (years) 73.5
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b) Education: Mean years of schooling (of adults) (years) 7.5 c) Income: GNI per capita (2008 PPP US$) LN 8.9 d) Inequality: Inequality-adjusted HDI value 0.511 e) Poverty: Multidimensional poverty index (k greater than or equal to 3) 0.056 f) Gender: Gender Inequality Index, value 0.405 g) Sustainability Adjusted net savings (% of GNI) 35.1 h) Human Security Refugees (thousands) 175.2 i) Composite indices HDI value 0.663 j) Human Development Index Rank 89 China Economic Analysis Summary China is a country that has contributed to a very critical role in boosting the South- East Asian economy. China’s growth story is remarkable, experts predict that Chinese economy will overtake the United States economy by the of 2035; however it is important to review that prediction given effects of the global economic slowdown in the Chinese economy. China as a country has been able to protect itself from the effects of the subprime crisis and credit crunch; however, china is undergoing certain structural changes as far as its economy is concerned. Shanghai stock exchange has lost about two-thirds of its value. Chinese export industry is also experiencing difficulties in growth prospects. But despite these challenges, Chinese economy is believed to be independent and strong enough to not only cope with global economic crisis, but also establish itself as an global economic giant. China is one of world's largest receiver of foreign direct investments. World Bank estimates reveal that around $80 billion are invested in China annually.
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This note was uploaded on 09/05/2011 for the course BUS 340 taught by Professor Dudu during the Spring '11 term at Grand Canyon.

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ECN Module 5 Assignment - Christopher Brooks ECN-220...

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