My assignment for over Spring Festival (Lunar New Year) Break for the Financial Institutions and Markets class:

Your Assignment for Monday, February 18, 2008 – for 10 points:

Write a two parargraph (word processed) essay about the recalculation of the size of China's economy using PPP measures.  Answer the following questions, if you wish (read the last article especially):

Does the recalculation affect the People’s Republic of China?

How will China’s consumers be affected by the recalculation?

What does PPP measure and what are the problems with PPP?  Therefore, what might be some problems with the recalculation by the World Bank of China’s economy?

Will the recalculation affect China’s growth rate?

PLEASE KEEP YOUR ESSAY TO ONE PAGE (Double spaced)

(Too long, too short or not double spaced, you will lose two points for each accomplished incorrectly.)

A graph from the four page handout I will give the students:



Any thoughts?