QUESTION 1:

Illustrate how Gross Domestic Product is measured and discuss problems in measuring it.

QUESTION 2:

Briefly discuss the changes brought about by the Covid 19 pandemic and the implications of the Russian invasion of Ukraine on economic globalization.

QUESTION 3:

Briefly outline your understanding of the Bretton Woods Order – what was Bretton Woods?

QUESTION 4:

Contrast Third World debt with First World debt. What are the differences between the Bretton Woods era (1948 – 1972) and the Liberalisation era (1973 – 2008)?

QUESTION 5:

Are global imbalances a result of a world savings glut and manipulation by Chinese authorities or a U.S. mortgage market so awash with cash that you could get a 100 percent mortgage with no income, no job, and no assets? Set out the basic arguments.