Under the New Program of the "Four Modernizations" That Began

question 28

Multiple Choice

Under the new program of the "Four Modernizations" that began after Deng Xiaoping's political rehabilitation,

• A) each peasant was required to produce enough food for ten people.
• B) limited private capitalism was permitted to return to China.
• C) socialism was abandoned in China.
• D) Chinese society became much more isolated.
• E) China became much more democratic.

---

Definitions:

Annual Discount Rate

The interest rate used in discounted cash flow analysis to calculate the present value of future cash flows.

Annual Growth

The year-over-year increase, usually presented as a percentage, in a particular metric such as revenue, earnings, or assets.

Growth Rate

The percentage increase in the size or value of something, such as an economy, company’s revenue, or population, over a specific period.

Discount Rate

The interest rate used to discount future cash flows to their present value.