Recall the Application about growth in China and India to answer the following question(s). From 1978 to 2004, China grew at a rate of 9.3 percent per year and India grew at a rate of 5.4 percent per year.
-According to this Application, China's growth rate was faster than India's during this 26 year period because

Question

Quizplus · Accepted Answer

The application states that China grew at a rate of 9.3 percent per year and India grew at a rate of 5.4 percent per year. This suggests that China's growth rate was faster than India's growth rate. The reason for this difference in growth rates, as per the options given, is most likely due to China investing more in physical capital than India did. There is no mention in the application about China receiving more contributions from human capital, or about India's growth being based more on physical capital. The option about India's growth being based more on technological progress is also not supported by the information in the application.

Recall the Application About Growth in China and India to Answer