Recall the Application About Growth in China and India to Answer

question 158

Multiple Choice

Recall the Application about growth in China and India to answer the following question(s) . From 1978 to 2004, China grew at a rate of 9.3 percent per year and India grew at a rate of 5.4 percent per year.
-According to this Application, based on the analysis of the sources of growth in China and India, and assuming that nothing changes, it can be concluded that

• A) India's long-term growth prospects are not as strong those for China.
• B) the growth rate in China should significantly slow down in the near future, but the growth rate in India will continue to rapidly increase in the near and distant future.
• C) there is convergence between the nations in Asia.
• D) China's reliance on technology for economic growth makes it less likely to keep pace with the growth rate in India.

---

Definitions:

Production

The act of creating goods or services using labor, equipment, and natural resources.

Coincidence-of-wants

A situation in barter economies where two parties each have something the other wants, facilitating a direct exchange without the need for money.

Copyrights

A form of intellectual property protection that grants the creator exclusive rights to their original works of authorship, such as literary, musical, and artistic works.

Trademarks

Distinctive signs or symbols used by a company to identify and distinguish its products or services from those of others.