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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 12
Circle the letter that corresponds to the best answer. Each of the following factors contributed to China's rapid economic growth except
A) its high savings rate.
B) a high rate of investment by foreign multinational corporations.
C) the nation's refusal to use technology developed by other nations.
D) a well-educated labor force.
A) its high savings rate.
B) a high rate of investment by foreign multinational corporations.
C) the nation's refusal to use technology developed by other nations.
D) a well-educated labor force.
Explanation
Verified
Verified
a) High savings rate - Around 40% of per...
Macroeconomics 11th Edition by Stephen Slavin
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