(a)[2]
Explain what is meant by ‘negative economic growth’.
(b)[2]
Which country shown in Fig. 1.1 experienced the worst recession in 2020? Justify your answer.
(c)[4]
State two likely economic reasons why China experienced strong economic growth from the second quarter of 2020 and consider which of these is likely to have generated the greater rate of growth.
(d)[6]
Assess how economic recovery is likely to have affected employment and price stability in China.
(e)[6]
Assess whether monetary policies are the best method for high-income countries such as the US and the UK to achieve an economic recovery.