In the Years from 2000 Through 2009,China's Standard of Living

question 147

True/False

In the years from 2000 through 2009,China's standard of living or per capita GDP grew faster than that of the United States.
Regarding the per capita GDP,the numerator (real GDP)grew faster and the denominator (population)grew more slowly for China than for the United States.In essence,China had a larger quotient and thereby larger growth in its standard of living.

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