Article Summary For Only the Second Time in the Previous 10 Quarters

question 129

Multiple Choice

Article Summary
For only the second time in the previous 10 quarters, China's GDP grew at a faster rate than from the same period a year earlier. From July through September 2013, China's GDP increased 7.8 percent, but a decline in exports, growing inflation, and slowing growth in factory production all suggest that growth will be slowing down. China has recently been attempting to restructure its economy by moving toward increasing consumption and relying less on exports and investments as a means to achieving more sustainable economic growth. In the first nine months of 2013, 46 percent of growth was due to consumption, 56 percent was due to investment, and exports accounted for negative 1.7 percent.
Source: Aileen Wang and Kevin Yao, "China's third-quarter GDP growth fastest this year, but outlook dim," Reuters, October 18, 2013.

-Refer to the Article Summary.In China,________ is (are) the main driver of economic growth,while in the United States,________ is the main driver of economic growth.

• A)consumption; investment
• B)net exports; government purchases
• C)investment; consumption
• D)consumption; net exports

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Definitions:

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