Since the late 1970s,China's growth rate in real GDP per capita has been more than 3.5 times higher than that in Canada.Much of China's growth is likely due to the transition from a communist economy to a market economy.This transition is equivalent to

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The transition from a communist economy to a market economy can be seen as an increase in productivity and efficiency, leading to a higher growth rate in real GDP per capita. Moving to a market economy is likely to shift China's balanced growth path higher, as it allows for improvements in technology, improved allocation of resources, and increased competition in the market. Therefore, option A is the best choice. Option B is incorrect because China's original balanced growth path was likely lower than the current path. Option C is incorrect because the growth rate comparison is between the two countries, not their balanced growth paths. Option D is incorrect because reducing China's balanced growth path would be counterproductive to the goal of economic growth.

Since the Late 1970s,China's Growth Rate in Real GDP Per