Economics– China Workshop – Year 2019

Topic - Macroeconomics

Start: October 7, 2019

End: October 7, 2019

Names: Daniel Vargas y Ayen Henriquez.

Questions:

1. Which two injections were particularly important for China’s economy and
economic growth?
- China economy has grown faster than any other major countries economy.
It has now become one of the most important export markets for
manufacturers from all over the world. Private companies were allowed into
China, along with foreign investment. Also special economic zones were
created.

2. Give two specific examples of things/injections China did to increase their

economic growth.
1. They built the square foot equivalent of Rome every two weeks.
2. Between 2011 and 2013 China used and produced more cement than the
U.S in the whole 20th century.

3. Referencing the circular flow of income model, explain the impact of these
two injections on Chinese economic growth.
Well, I believe this inejctions helped creating jobs for unemployed people
raising the economy of the country and decreasing the rate of unemployed
people.

4. Explain the impact of these two injections on average income levels in the
country.
- This two injections helped the country increase their economy helping their
people to get a better lifestyle. Now more people have more money to
spend on more than just simple survival.