(a)[3]
Explain what GDP means.
(b)[3]
The article says that banks were encouraged to make borrowing easier. Explain what this could mean and why the government may have believed it was needed.
(c)[6]
Does the article provide sufficient evidence to support the claim that the economic position of emerging economies has improved?
(d)[8]
Identify the two policy approaches suggested by economists in the article and discuss whether they conflict.