The goal for this question is to analysis the economic situation of China with India. Using...

The goal for this question is to analysis the economic situation of China with India. Using FRED prepare three graphs in one of them compare welfare of Indians with Chinese. Second graph compare unemployment rate among youth in India with unemployment rate among youth in China. In the third graph compare the inflation rate in China with inflation rate in India. (for this graph you can choose the data from 1990). You do not need to include data for 2020.

In two paragraphs explain your analysis.

Solutions

Expert Solution

From early 90's to 2019 there is significant rise in unemployment for both the countries. But unemployment rate in india is much higher than that of china. And also china unemployment rate is increasing at slower rate than india.

Before 2000's inflation rate in china was much higher than that of india but there is sudden change in inflation rate of china after year 2000. At present inflation rate of china is lower than that of India.

Welfare can be measured by per capita income. From the graph it is clearly visible that per capita income of china is way better than of india.

Rahul Sunny answered 1 year ago

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