In: Economics
. 1. Based on article "After COVID-19, Can China Still Become 'Moderately Prosperous?', by Montijn Hulsman, explain why doubling of GDP and disposable income by 2020 would alleviate poverty in China. (5 marks, max 400 words)
2. Using AD-AS model, explain the macroeconomic condition of China before and after the outbreak of COVID-19. (8 marks, max 700 words)