In 1960 the per capita GDP of Hong Kong was substantially less than that of Argentina and Venezuela. By 2005, the per capita income of Hong Kong was more than three times the figures for Venezuela and Argentina. This dramatic change occurred because
A) Venezuela and Argentina lacked the natural resources of Hong Kong.
B) the United States provided aid to Hong Kong but not to Argentina and Venezuela.
C) Hong Kong was able to achieve and sustain a high rate of economic growth while the growth rates of Argentina and Venezuela were exceedingly low.
D) Hong Kong was a developed country in 1960, but Argentina and Venezuela were not.

Question

Quizplus · Accepted Answer

Hong Kong was able to achieve and sustain a high rate of economic growth while the growth rates of Argentina and Venezuela were exceedingly low, leading to a significant increase in per capita income in Hong Kong compared to Venezuela and Argentina. The lack of natural resources or aid from the United States are not the primary factors in this contrast. Also, Hong Kong was not a developed country in 1960.

In 1960 the Per Capita GDP of Hong Kong Was