Which of the Following Is True for a Country Like

question 88

Multiple Choice

Which of the following is true for a country like China that is heavily reliant on external demand?

• A) The Chinese economy is more likely to be affected by changes in consumption in other countries.
• B) An decrease in China's GDP will affect all the sectors of the economy equally.
• C) The driving force behind economic growth in China is domestic consumption and investment.
• D) Net exports as a percentage of GDP in China is likely to be low.

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Definitions:

Scientific Revolution

A period of significant advancements and developments in the fields of science during the 16th and 17th centuries, fundamentally changing the understanding of the natural world.

Postindustrial Revolution

A phase of societal development marked by a shift from manufacturing-based economies to service-oriented, information-based economies.

Primary Sector

The part of the economy that involves the extraction of raw materials from the environment, such as agriculture, fishing, and mining.

Economy

The comprehensive system of production, distribution, and consumption of goods and services within a society.