(a)[3]
Fig. 1 shows China’s real GDP growth rate. Explain what this shows.
(b)[4]
How far does Fig. 1 support the claim in the extract that China’s growth ‘has continued despite uncertain economic conditions’?
(c)[5]
The article mentions economic inefficiencies. Explain the difference between an economically efficient situation and one that is inefficient.
(d)[8]
Identify two market failures mentioned in the article and consider the methods governments might use to help deal with these market failures.