1. Real per capita GDP in China in 1959 was about $350, but it doubled to about...

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1. Real per capita GDP in China in 1959 was about $350, but it doubled to about $700 by 1978, when Deng Xiaoping started market reforms.

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a. What was the average annual economic growth rate in China over the 20 years from 1959 to 1978?

b. Chinese real per capita GDP doubled again in only seven years, reaching $1,400 by 1986. What was the average annual economic growth rate between 1979 and 1986? l-58

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Principles Of Macroeconomics

ISBN: 9780393614091

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Authors: Lee Coppock, Dirk Mateer

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Question Posted: Nov 11, 2024 07:02 AM

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1. Real per capita GDP in China in 1959 was about $350, but it doubled to about...

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Principles Of Macroeconomics

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