Chapter 1 Case Activity

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Q 1.Based on this information China leans toward a ______ economic system. 2.China’s gross domestic product (GDP) was approximately $15.6 trillion USD in 2021. This number was found by _____. 3.The People’s Bank of China’s (PBOC’s) reduction of reserve rate requirements is an example of ______.

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1. socialist 2. totaling the dollar value of all goods and services produced by all people within the boundaries of a country during a one-year period

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