"China Is Not a Typical Developing Nation

question 24

Multiple Choice

"China is not a typical developing nation." Which of the following economic features is most likely to justify this claim?

• A)China has a large trade deficit with the United States.
• B)The Chinese government favors a freely floating exchange rate policy.
• C)China has a high national saving rate.
• D)The government of China spends a significant portion of its revenue on national defense.

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