As a Result of Deng's Pragmatic Approach, During the 1980s

question 54

Multiple Choice

As a result of Deng's pragmatic approach, during the 1980s, the per capita income in China

• A) increased 20 percent.
• B) increased 50 percent.
• C) increased 75 percent.
• D) increased 100 percent.
• E) decreased 10 percent.

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Definitions:

Depreciation

A reduction in the value of an asset over time, often due to wear and tear or obsolescence.

Investment

The act of allocating resources, usually money, into something to earn income or gain profits.

GDP Deflator

A scale for assessing the cost of all newly manufactured, domestic final goods and services in a country's economy.

Real GDP

The measure of a country's economic output adjusted for price changes and inflation, reflecting the true value of goods and services produced.