Figure 1 shows the China's Real GDP Growth Rate since 1981, the arrow indicator shows th trend of decreasing growth rate during the last 15 years. Explain the trend of growth rate using the concept of production function. Do you expect the trend the trend to have significant change in the near future? Figure 1: China's Real GDP Growth Rate 16 15 14 13 12 11 10 9. 8 7 4 3 Jan-81 Jan-85 Jan-89 Jan-93 Jan-97 Jan-01 Jan-05 Jan-09 Jan-13 Jan-17 Jan-21

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Figure 1 shows the China's Real GDP Growth Rate since 1981, the arrow indicator shows the
trend of decreasing growth rate during the last 15 years. Explain the trend of growth rate
using the concept of production function. Do you expect the trend the trend to have
significant change in the near future?
Figure 1: China's Real GDP Growth Rate
16
15
14
13
12
11
10
9.
7
4
3
Jan-81
Jan-85
Jan-89
Jan-93
Jan-97 Jan-01
Jan-05
Jan-09
Jan-13
Jan-17
Jan-21
00
LO
Transcribed Image Text:Figure 1 shows the China's Real GDP Growth Rate since 1981, the arrow indicator shows the trend of decreasing growth rate during the last 15 years. Explain the trend of growth rate using the concept of production function. Do you expect the trend the trend to have significant change in the near future? Figure 1: China's Real GDP Growth Rate 16 15 14 13 12 11 10 9. 7 4 3 Jan-81 Jan-85 Jan-89 Jan-93 Jan-97 Jan-01 Jan-05 Jan-09 Jan-13 Jan-17 Jan-21 00 LO
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