Is China's Economy Really the Largest in the World?

Part Ⅰ

Question 1:

Answer:

1. (1) Participation Rate = Labor force/population

                   July 13:  155798/144285+11514+155798+88560=0.3900        

                   Aug 13:  155489/144170+11316+155486+89988=0.3878

       July 14:  156023/146352+9671+156023+90451=0.3876

       Aug 14:  155959/146368+9591+155959+91794=0.3863

      Employment-population ratio = Employed workers/population

       July 13:  144285/144285+11514+155798+88560=0.3605

       Aug 13:  144170/144170+11316+155486+89988=0.3596

       July 14:  146352/146352+9671+156023+90451=0.3636

       Aug 14:  14668/146368+9591+155959+91794=0.3626

      Unemployment rate = unemployed workers /labor force

       July 13:   11514/155798=0.0739=7.39%

     Aug 13:   11316/155486=0.0728=7.28%

       July 14:    9671/156023=0.0620=6.20%        

       Aug 14:    9591/155959=0.0615=6.15%

      b.

                  The unemployment rate   July 2014=0.062

                                                          Aug 2014=0.0615

                 So it shows the unemployment rate decreases from July to August in 2014.

                 The participation rate       July 2014=0.3876

                                                          Aug 2014=0.3863

  So it shows the participation rate decreases from July to August in 2014.

       c.

                The Employment-Population ratio is basic stability over the last two years.

Part Ⅱ  

Question 2:

Answer:

1950:

        Personal consumption expenditures：65.5%

Gross private  domestic investment：18.4%

Government consumption purchases：16%

Net exports：0.2%

National defense purchases：6.7%

State and local purchases：7.1%

Imports：3.9%

1970：

Personal consumption expenditures：64.5%        

Gross private  domestic investment：14.07%

Government consumption purchases：22.1%

Net exports：0.8%

National defense purchases：7%

State and local purchases：12.8%

Imports：7.5%

1990：

Personal consumption expenditures：68.2%

Gross private  domestic investment：17.9%

Government consumption purchases：17.6%

Net exports：-3.78%

National defense purchases: 3.8%

State and local purchases：11.7%

Imports：14.9%

       The personal consumption expenditures decreased about 1% from 1950 to 1970. After that, it increased 4% from 1970 to 1990. The gross private domestic investment decreased almost 4% from 1950 to 1970 but from 1970 to 1990 it rebounded. The government consumption purchase increased 6.1% from 1950 to 1970, but from 1970 to 1990 it dropped some points to 17.6%. About the net exports the points were positive (0.2% to 0.8%) in1950 and 1970, but the number became negative (-3.78%) in 1990. The national defense purchases went the same way with government consumption purchases and state & local purchases. But the imports has increased all the time..