Q. Q1. In 2008/2009, the United States was in a recession, also reported GDP was shrinking. Knowing not everything is counted; do you think a recession could "look" worse than Illustrate what it is, due to Explain how GDP is computed?
Q2. Based on your own Internet research, Illustrate what adjustments are required for the United States to rebalance its current account? Illustrate what risks are inherent in such adjustments?
Based on the reading assigned for this module, also your own Internet research, Illustrate what adjustments are required for China to rebalance its current account. Illustrate what risks are inherent in such adjustments?