Which Statement Is NOT True of Taiwan and Korea

question 88

Multiple Choice

Which statement is NOT true of Taiwan and Korea?

• A)They were colonies of Japan since the turn of the 20th Century.
• B)Japan built up their economies.
• C)Japan established transportation networks in these countries.
• D)Japan destroyed them during the Second World War.
• E)After colonialism ended,they were at an advantage compared to most poor countries at that time.

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Definitions:

Nominal Gross Domestic Product

Gross Domestic Product measured in current market prices, not adjusted for inflation.

Real Gross Domestic Product

An inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year.

Price Index

A statistical measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation and deflation.

Nominal GDP

The market value of all final goods and services produced within a country in a given period, measured in current prices.