Chapter 11: Problem 35
In its recent report, The Conference Board's Global Economic Outlook 2015, updated November 2014 (http://www.conference-board.org/data/ globaloutlook.cfm), projects China's growth between 2015 and 2019 to be about \(5.5 \%\). International Business Times (http://www.ibtimes.com/us-exports- china-havegrown-294-over-past-decade-1338693) reports that China is the United States' third largest export market, with exports to China growing \(294 \%\) over the last ten years. Explain what impact China has on the U.S. economy.
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.