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2. Describe the current situation and recent performance of that economy… 1 answer below »

Requirements for the report: Word count 2000Countries to Compare India and China2. Describe the current situation and recent performance of that economy and compare this performance with that of the paired economy. Areas covered should include the level and growth rate of total and per capita GDP, the relative importance of major sectors of production (agriculture & mining, industry & services), the allocation of labour among sectors and the levels of labour productivity in these sectors, the rate of unemployment, the rate of inflation, the trade balance & the distribution of income.3. Identify two major economic problems and allocate these between the two team members. Each student will explain their problem and present possible solutions to it.4. Write a conclusion, focusing on the overall state of the economy, the magnitude of the problems facing it and the prospects for these being solved

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