Answer three of the four questions.Each answer should be about a page.

• Many worry that the composition of aggregate demand (total expenditure) in China is unbalanced and overly dependent on I and X.Why is this a concern?What are potential problems that might cause I and X to fall?
• Compare the current state of the economies of China and India.Include growth rates, types of industries that have grown, per capita GDP, poverty, wages and social indicators.Use bullet points or a table.
• Despite slow growth in its economy, Japan’s unemployment rate, at 2.4%, is among the lowest in the world.Even after the economic collapse in the 1990’s, the unemployment rate never rose above 6%.Many attribute low unemployment to aggressive macro-economic policies.Discuss and provide some data.
• The IMF calls Bangladesh and Vietnam “frontier economies”– countries that have begun only recently to industrialize.Briefly compare the economies of Vietnam and Bangladesh. Include per capita GDP, growth rates, role of FDI and exports, role of the state and basic social indicators.Use bullet points or a table.