China's Average Growth Rate in GDP Has Been Over

question 92

Multiple Choice

China's average growth rate in GDP has been over:

• A) 2 percent
• B) 4 percent
• C) 6 percent
• D) 8 percent
• E) 9 percent

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Definitions:

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced.

Real GDP

Gross Domestic Product adjusted for inflation, which represents the value of all goods and services produced within a country's borders in a given period, measured in constant prices.

GDP

Gross Domestic Product, the total value of all goods and services produced by a country over a specific time period.

Average Price Level

An economic measure that calculates the weighted average of prices across a basket of goods and services, often used to identify inflation or deflation in an economy.