Compare the change in projected real GDP growth of Japan with that in the US between 2022 and 2025, using the information in Table 1.1.
With the help of a production possibility curve (PPC) diagram, demonstrate the likely impact of higher investment in AI on the Japanese economy in the long run.
With the help of a demand and supply diagram, consider how extra investment in AI affects the price and output of a US carmaker.
Assess the possible effect on unemployment in Japan of increased investment in AI.
Assess the likely effect of the growth of AI on the specialisation and trade of a country such as Japan.