Which of the following transitional economies has become a middle-income nation?
A) Bangladesh
B) Ethiopia
C) China
D) Democratic Republic of Congo

Question

Which of the following transitional economies has become a middle-income nation?  
A) Bangladesh 
B) Ethiopia 
C) China 
D) Democratic Republic of Congo

Quizplus · Accepted Answer

China has achieved remarkable economic growth and has been able to make the transition from a low-income to middle-income country within a few decades. Its economy has been growing at an average rate of more than 6% per year since the 1990s, and this has been supported by a range of policies including industrialization, deregulation, and globalization. The other countries mentioned (Bangladesh, Ethiopia, and Democratic Republic of Congo) are also transitional economies, but they have not yet achieved middle-income status.

Which of the Following Transitional Economies Has Become a Middle-Income