China's Economic Growth

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

US$15.22 trillion

US$52.8 billion (correct)

US$1.22 trillion

US$10.839 billion

What was the per capita GDP in 2020?

US$10,839 (correct)

US$1,839

US$839

US$5,839

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

In the 2020s

In the 2050s

In the 2030s (correct)

In the 2040s

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

10% Signup and view all the answers

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

31% Signup and view all the answers

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

43.9% Signup and view all the answers

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

38.5% Signup and view all the answers

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

Dramatic reduction in extreme poverty Signup and view all the answers

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

81.2% Signup and view all the answers

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 Signup and view all the answers

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

30.1% Signup and view all the answers

What is a key characteristic of China's economy?

Large economy with a significant impact on the global stage Signup and view all the answers

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 Signup and view all the answers

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

State ownership with some market forces Signup and view all the answers

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 Signup and view all the answers

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 Signup and view all the answers

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

Party bureaucrats determine the allocation of goods and services Signup and view all the answers

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 Signup and view all the answers

What has fueled China's economic rise?

Its entry into the World Trade Organization in 2002 Signup and view all the answers

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

An increase in foreign currency reserves Signup and view all the answers

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

Because they have been focused on Western economic models Signup and view all the answers

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

The Soviet Union's planned economy Signup and view all the answers

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 Signup and view all the answers

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

It has created a contentious political problem between the United States and China Signup and view all the answers

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

To advance China's economic production to levels comparable with Britain Signup and view all the answers

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

The collapse of farm production and a severe famine Signup and view all the answers

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

The educated elites of the Communist Party Signup and view all the answers

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

The education of a generation of students was interrupted Signup and view all the answers

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 Signup and view all the answers

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

Many were sent to rural areas for 'thought reform' Signup and view all the answers