What was the average annual economic growth rate

Reference no: EM131481451

Question: Real per capita GDP in China in 1959 was about $350, but it doubled to about $700 by 1978, when Deng Xiao Ping started market reforms.

a. What was the average annual economic growth rate in China over the 20 years from 1959 to 1978?

b. Chinese per capita real GDP doubled again in only seven years, reaching $1,400 by 1986. What was the average annual economic growth rate between 1979 and 1986?

Reference no: EM131481451

Questions Cloud

Product components relate to sustainability : Summarize how the resources used by the production process and the recycling of production materials and product components relate to sustainability

Use case diagram with activity diagram for each use-case : Use case diagram with activity diagram for each use-case - ER or class diagram

Purely in terms of ethical theory : Criminal Justice Ethics question: Purely in terms of ethical theory;

The relationship between union and employer : Unions ultimately rely on popular vote in order to legitimize their presence in a workplace, and this is obviously largely determined.

What was the average annual economic growth rate : Real per capita GDP in China in 1959 was about $350, but it doubled to about $700 by 1978, when Deng Xiao Ping started market reforms.

Landed costs for evaluating logistics performance : Distinguish between the perfect order and the landed costs for evaluating logistics performance.

Describe the product or service : Describe the product or service, including its main characteristics. Why do you believe this product is worthwhile?

What do economists mean by the term institutions : What do economists mean by the term "institutions"? Name five different laws that are institutions that affect production incentives. Name three social practice

What are the requirements of adverse possession : Ethics Victor and Phyllis Garber acquired a piece of real property by warranty deed. What are the requirements of adverse possession?

User Account

All Pages