Between 2006 and 2010,per capita real gross domestic product (GDP)in China grew at an average rate of 10.62 percent per year.In contrast,its economy only grew by an average rate of 0.25 percent from 1961 to 1965.Which of the following factors would have contributed most to this rapid escalation in growth?

Question

Quizplus · Accepted Answer

The establishment of pro-growth institutions such as special economic zones, foreign investment laws, and privatization initiatives played a significant role in driving China's rapid economic growth between 2006 and 2010. These policies encouraged foreign investment, increased market competition, and improved productivity, which helped to stimulate economic growth. Population growth, average prices, tax rates, and restrictions on imports and exports may have had some impact on economic growth, but not to the extent that pro-growth institutions did.

Between 2006 and 2010,per Capita Real Gross Domestic Product (GDP)in