Tutorial 1 gross domestic product ( exercise) ECON7001Tutorial 1 Gross Domestic Product Chapter 4 (To be discussed in Week 2) Question 1 “Is China about to overtake US as the worlds largest economy?” ‐ BBC 30 April 2014 ‐ http:www.bbc.comnewsbusiness‐27216705 (a) By what economic measure is this claim being made? (b) What problems arise when making international comparisons of economic activity? (c) Does this mean China is wealthier than the United States?