Reference: Ref 8-1 (Table: GDP Growth) the Table Shows Growth

question 82

Multiple Choice

Reference: Ref 8-1 (Table: GDP Growth) The table shows growth rates for Germany, Japan, and the United States in both the post-WWII periods of 1950-1960 and 1980-1990. Which reason best explains why growth rates in Germany and Japan began to approach U.S. growth rates during the 1980-1990 period?

• A) MPK began to slow down.
• B) Depreciation began to slow down.
• C) The institutions for economic growth began to diminish.
• D) All of the answers are correct.

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Definitions:

Modernity

A historical period or the quality of being modern, often associated with cultural and social changes brought about by technological innovation and industrialization.

Non-Western Worldview

A perspective or set of cultural beliefs, values, and practices that originate outside the Western tradition, often emphasizing community, spirituality, and interconnectedness.

Time-Space Distanciation

A concept in social science that describes the process by which distant events and activities significantly influence local happenings and vice versa, facilitated by technological advancements.

Gramsci

Refers to Antonio Gramsci, an Italian Marxist theorist and politician known for his theory of cultural hegemony.