China's Economic Growth

RighteousOak9401 avatar
RighteousOak9401
·
·
Download

Start Quiz

Study Flashcards

30 Questions

What was the approximate size of China's economy, as measured by its GDP, in 1978?

US$52.8 billion

What was the per capita GDP in 2020?

US$10,839

When are forecasts projecting China's GDP to surpass that of the United States?

In the 2030s

What percentage of China's economy was accounted for by the primary sector in 2013?

10%

What percentage of China's workforce was engaged in agriculture in the past decade?

31%

What percentage of the total value is accounted for by the secondary sector?

43.9%

What percentage of China's production did the tertiary sector represent in 2013?

38.5%

What was the primary reason for the transformation of the lives and well-being of the Chinese people?

Dramatic reduction in extreme poverty

What was the percentage of the agricultural labor force in 1952?

81.2%

What was the trend in the value of China's production output by sector from 1985 to 2013?

The primary sector's value decreased, while the tertiary sector's value increased

What was the percentage of the national labor force in the secondary sector in 2013?

30.1%

What is a key characteristic of China's economy?

Large economy with a significant impact on the global stage

What was the ultimate goal of the Chinese Communist Party's phased approach?

To achieve full ownership of the means of production by the state

What was the characteristic of the 'market socialism option' considered by the CCP leadership?

State ownership with some market forces

What was the outcome of the first Five-Year Plan introduced in the early 1950s?

It was successful initially due to good weather and a surge in farm production

What was the consequence of the initial success of the first Five-Year Plan?

Chairman Mao sought more radical approaches to advancing the cause of socialist egalitarianism

What was the characteristic of the 'command economy option' considered by the CCP leadership?

Party bureaucrats determine the allocation of goods and services

What was the reason for the CCP leadership's shift towards a centrally planned model in the early 1950s?

To achieve rapid industrialization and modernization

What has fueled China's economic rise?

Its entry into the World Trade Organization in 2002

What is a consequence of China's huge trade surplus?

An increase in foreign currency reserves

Why have mainstream economic geographers traditionally struggled to understand Asia's economic advance?

Because they have been focused on Western economic models

What was the model for China's centrally planned economic system?

The Soviet Union's planned economy

What was the role of bureaucrats in China's centrally planned economy?

They were responsible for allocating resources and determining the structure of economic production

What is a challenge posed by China's trade surplus?

It has created a contentious political problem between the United States and China

What was the primary goal of the Great Leap Forward campaign?

To advance China's economic production to levels comparable with Britain

What was the consequence of the Great Leap Forward's agricultural strategy?

The collapse of farm production and a severe famine

What was the target of the Cultural Revolution launched by Mao?

The educated elites of the Communist Party

What was the consequence of the Cultural Revolution on the education system in China?

The education of a generation of students was interrupted

What was the policy change made by the CCP Central Committee after the failure of the Great Leap Forward?

The CCP Central Committee allowed some restoration of private plots and animals

What was the consequence of the Cultural Revolution on the urban elites and intellectuals?

Many were sent to rural areas for 'thought reform'

Test your knowledge on China's remarkable economic growth from 1978 to 2020, including its GDP, per capita GDP, and forecasts. Assess your understanding of China's economic development and its comparison to the United States.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Use Quizgecko on...
Browser
Browser