Recall Application 3, "Sources of Growth in China and India," to answer the following questions:
-According to the application, why did China grow much faster than India from 1978 to 2004?
A) China had a faster population growth rate than India, causing faster technological progress.
B) China invested less in physical capital and was able to increase technological progress slower than India.
C) China invested more in physical capital and was able to increase technological progress faster than India.
D) China had better government induced growth policies than India.
Correct Answer:
Verified
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